Here's the latest TRX news update :
*TRON Surges Amid Institutional Adoption*
- TRON (TRX) has surged 5.33% in the past 24 hours, driven by growing institutional adoption.
- SRM Entertainment's rebranding to Tron Inc. has boosted investor confidence, with the company now holding 365 million TRX tokens, making it the largest publicly traded corporate holder of TRX.
*Market Trends and Predictions*
- TRX's technical indicators show a strong bullish trend, with potential resistance levels at $0.33 and support levels at $0.27 and $0.26.
- Analysts predict TRX could reach $0.34-$0.35 in the short term and $0.37-$0.40 in the medium term, with a potential long-term target of $0.45-$0.50.
*Other Developments*
- TRON has surpassed Ethereum in stablecoin usage, with USDT supply on the blockchain soaring past $80 billion amid growing adoption.
- Justin Sun, TRON's founder, has expressed optimism about TRX's future, predicting it will hit a new all-time high despite current market fluctuations .