The TRON network has launched a crucial community vote that could significantly impact the future of its native token, TRX. Proposal No. 102 suggests a radical reduction in rewards — specifically, the block reward would drop from 16 TRX to 8 TRX, and the voting reward from 160 TRX to 128 TRX.
The vote began on June 10 at 11:07 AM Singapore time and will run until June 13 at 2:00 PM. The initiative is led by the TRON community, which is deciding on this deflationary measure with long-term implications.
🔻 Fewer Tokens, More Scarcity?
If the proposal passes, TRX’s annual deflation rate would increase from 0.85% to 1.29%. This means fewer tokens would be minted, leading to increased scarcity of TRX on the market — potentially driving up its value. The move is seen as a positive signal for long-term investors.
📈 TRX Approaching a Critical Level – Breakout Ahead?
The vote comes at a time when TRX is trading near the upper boundary of a rising price channel that has been forming since mid-March. The current price hovers around $0.30 — a key resistance zone.
Technical indicators remain optimistic:
🔹 The RSI is holding in bullish territory at 64, with no signs of divergence.
🔹 The MACD has shown a bullish crossover, accompanied by a rising histogram.
If TRX breaks through this resistance, we could see further upward movement toward $0.33 — matching the height of the price channel.
🔄 Correction First?
On the other hand, the market might take a short breather. The RSI is nearing overbought territory — a zone often followed by short-term pullbacks or consolidation. In such a scenario, TRX could retest the lower trendline around $0.27.
🧠 Summary
TRON is taking steps to increase deflationary pressure on its TRX token — and current technical signals suggest the timing may be right. If the proposal is approved and the price breaks key resistance levels, investors may be witnessing the start of a strong new bullish wave.
#Tron , #TRX , #CryptoNewss , #CryptoCommunity , #crypto
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