TRX Token Dips 2.42% Amid Volatility, Network Activity Surges and Support Holds Strong

TRXUSDT experienced a 2.42% price decline over the past 24 hours, dropping from an open of 0.2729 to 0.2663 on Binance. This downward movement follows a period of heightened volatility driven by recent news, including a price spike linked to a social media post by Justin Sun about potential new developments for the Tron ecosystem, as well as ongoing attention around Tron’s reverse merger and increased institutional activity. Despite a surge in network activity and energy consumption, with 80% sourced from staked TRX, the market has entered a consolidation phase as initial enthusiasm subsides and trading volumes normalize. TRX remains actively traded with significant liquidity, and technical indicators suggest the price is stabilizing above key support levels, with a mildly bullish outlook if positive momentum resumes.