As of June 4, 2025, TRON (TRX) is trading at approximately $0.2697, experiencing a slight decline of 0.26% over the past 24 hours. The intraday high reached $0.2718, while the low touched $0.2683.
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๐ Technical Analysis: Support & Resistance Levels
Immediate Resistance: $TRX $0.2717
Key Resistance Zones: $0.2745 and $0.2773
Support Levels: $0.2661 (initial), $0.2633 (secondary), and $0.2604 (strong support)
TRX has been consolidating within a well-defined range over the past five months, with resistance near $0.274 and support around $0.22. A breakout above the $0.2745 resistance could signal a bullish continuation, potentially targeting the $0.30โ$0.38 range.
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๐ Price Predictions for June 2025
Short-Term Forecast: Analysts suggest that TRX might trade between $0.26 and $0.30 in June, with an average price around $0.27.
Mid-Month Outlook: If bullish momentum continues, TRX could test the $0.344 resistance level.
Long-Term Projection: Some forecasts indicate that $TRX could reach up to $0.73 by the end of 2025, contingent on market conditions and network growth.
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๐งญ Market Sentiment & Influencing Factors
Technical Indicators:
RSI: Approximately 60.77, suggesting neutral-to-bullish momentum.
MACD: Slightly negative, indicating potential consolidation.
Institutional Interest: TRON has surpassed Ethereum in USDT supply, with Tether minting $16 billion USDT on the TRON network, highlighting increased adoption.
Regulatory Developments: $TRX position in the DeFi space and its role in stablecoin transactions could attract regulatory attention, potentially impacting its price dynamics.
