📈 Analysis and forecast for $TRX on Binance: further prospects? 📉
As of June 8, 2025, 16:20 EEST, the price of $TRX on Binance is $0.2852, with a growth of 2.11% over the last 24 hours. Daily trading volume reaches $450M, and the market capitalization is around $27B (with a circulating supply of 94.85B tokens). The increase is associated with overall market activity and the strengthening of the TRON ecosystem, including the rise in USDT transactions.
Technically, $TRX demonstrates bullish momentum. On the 4-hour chart, the 50-day SMA crossed the 200-day upward, signaling the continuation of the upward trend. The RSI (14) at 58 is in neutral territory with a tilt towards greed, and the MACD shows bullish convergence. Key resistance is at $0.29, a breakout of which could push the price to $0.30. Support is at $0.275, below which a pullback to $0.26 is possible.
Forecast: In the coming weeks, TRX may consolidate in the range of $0.275–$0.29, with the potential to rise to $0.30 by the end of June, supported by volume. By July 2025, a rise to $0.32 is possible if interest in DeFi on TRON remains. The long-term outlook for 2026 is $0.50+, assuming ecosystem expansion and a stable market. Fundamentally, TRON benefits from low fees and widespread use, but volatility remains a risk.
Further prospects? A growth of 2.11% in 24 hours and the current price of $0.2852 are close to the resistance at $0.29. Buying at $0.275 with a target of $0.30 and a stop-loss at $0.27 looks promising. Posts on X note a bullish sentiment but advise monitoring volume. Stay updated with the news! #TRX #Binance #CryptoAnalysis
