TRX Holds Strong Above $0.26 as Reverse Merger News Spurs Whale Activity and Market Consolidation

TRON (TRX) is trading at $0.2674 on Binance, reflecting a 2.05% decrease over the past 24 hours from a 24h open of $0.2730. The recent price decline can be attributed to market consolidation following the announcement of Tron's planned reverse merger with Nasdaq-listed SRM Entertainment, which initially spurred significant investor interest and a spike in whale transactions. However, after the initial enthusiasm, TRX has faced resistance near $0.278–$0.285, with technical indicators showing a pause in bullish momentum as traders await further developments. Overall, TRX remains supported by strong stablecoin (USDT) transfer activity and high liquidity, with the current market cap around $23.61 billion and the asset consolidating above key support levels despite broader market fluctuations.