TRX Faces 2.42% Dip Amid Governance Vote and $0.30 Resistance, Network Activity Remains Strong

TRXUSDT is currently trading at $0.2699 on Binance, reflecting a 2.42% decline over the past 24 hours from an open of $0.2766. The recent price pullback is primarily attributed to short-term profit-taking and market volatility as TRX approaches technical resistance near $0.30, with the Relative Strength Index nearing overbought territory. Additionally, the ongoing TRON community vote on Proposal 102, which aims to increase the network’s deflation rate by reducing block and voting rewards, has contributed to heightened uncertainty and short-term fluctuations. Despite this, TRON’s ecosystem continues to see strong activity, including integration with Stripe via Privy, new stablecoin issuances, and major partnerships such as with MoonPay, supporting longer-term demand. TRX maintains a top 10 market cap position at approximately $25.7 billion, with daily trading volume around $837 million, and remains in a stable price range of $0.27–$0.29 amid active governance developments and robust network fundamentals.