TRX Token Sees 2% Dip Amid Market Rotation Despite Record Volumes and Major Binance Competition

TRXUSDT experienced a 2.01% price decrease over the past 24 hours, with the current price at 0.3128 USDT on Binance, opening at 0.3192. The recent price decline can be attributed to profit-taking following a period of strong bullish momentum and consolidation near resistance levels, as well as a broader market pullback after Dogecoin overtook TRON in market capitalization. Despite positive developments such as record transaction volumes, increased stablecoin activity, and the announcement of a major trading competition on Binance, short-term technical resistance and market rotation have contributed to the downward movement. Trading volume remains robust, with 136.77 million USDT traded on Binance in the last 24 hours, and TRON maintains a strong market capitalization of around $29.5–$30.1 billion, ranking it among the top global cryptocurrencies.