TRX Dips 2% After $100M Merger News; Can Tron Hold $0.26 Support Amid Market Shifts?

TRON (TRX) is currently trading at $0.2670, down 2.05% over the past 24 hours from a 24h open of $0.2726, according to Binance data. The recent price decline is attributed to a combination of short-term bearish sentiment following increased long liquidations and falling derivatives data, despite positive momentum from TRON’s announced reverse merger with SRM Entertainment and rebranding as Tron Inc. The $100 million equity investment and public listing news initially drove bullish activity and helped TRX surpass DOGE in market capitalization, but profit-taking and technical resistance near $0.278 have contributed to the latest pullback. TRX maintains a market cap of approximately $23.61 billion, with strong trading volumes and ongoing consolidation above key support levels; near-term price action will depend on the ability to hold above $0.26–$0.27 and renewed buying interest.