TRX Slides 3.71% as Key Support Breaks; Market Caution Pressures Eighth-Largest Crypto

TRON (TRX) is trading at $0.2622, reflecting a 3.71% decline over the past 24 hours according to Binance data. The recent price drop is primarily attributed to increased bearish sentiment following TRX’s failure to hold key support levels near $0.27, as well as broader market caution indicated by a Fear & Greed Index reading of 42 ("fear"). Additional contributing factors include long liquidations and weakening derivatives data observed earlier in the week. Despite short-term pressure, TRX maintains its position as the eighth largest cryptocurrency by market capitalization at approximately $25.3 billion, with a circulating supply of nearly 94.8 billion tokens. Trading volume has softened, and the asset is consolidating above critical support, with near-term direction likely dependent on renewed buying interest or further market weakness.