TRON (TRX)
Key points:
At press time, TRX was trading at $0.28, reflecting no substantial change over the last 24 hours.
The Parabolic SAR remained below the candles, while the MACD showed a fresh bullish crossover with rising green bars.
What you should know:
TRX hovered near the $0.29 mark after a steady multi-day climb from its $0.26 base. Despite the flat daily close, buying interest appeared to hold, as the MACD line crossed above the signal line, confirming bullish momentum. This was supported by the histogram flipping green again after a stretch of neutrality, hinting at a continuation of the current trend. The Parabolic SAR dots stayed below the price throughout this rally, underlining sustained upward pressure. The rally also aligns with TRON’s growing stablecoin dominance, with USDT supply topping $80 billion on its network. Adding to this bullish narrative, SRM Entertainment recently staked $100M worth of TRX via JustLend as part of its treasury reserve strategy. However, without a decisive move above the $0.29–$0.30 resistance zone, momentum could stall. A breakout could retest the May highs near $0.31, while failure to maintain upward pressure may lead to a pullback toward $0.27.
