📰 Announcement of a $1 billion buyback program from the #Tron team — a massive step aimed at reducing supply and supporting the price, which led to an upward movement and entry $TRX to test resistance around ~$0.34.
Important secondary news: The TRON network has risen in USDT trading after regulatory adjustments (some reports indicate an increased role for TRON in USDT trading following new legislations), enhancing the network's liquidity and increasing usage.
🔍 #TRX testing resistance at $0.34–$0.35; stability above it with higher trading volume may push the price to test $0.38–$0.45.
Important support nearby at ~$0.30–$0.31, and breaking it would bring the price back for a stronger correction. (Technical forecasts and weekly analyses support these support areas).
✅ The significant buyback program reduces supply and supports the potential price ceiling.
Increasing TRON's use of USDT liquidity enhances demand for the network and the token.
⚠️ Implementing a buyback requires time and transparency — any delay or selling from beneficiaries may pressure the price.
Reliance on USDT liquidity and regulations makes exposure to political and regulatory risks possible.
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❓ Question: Will TRX break $0.34 now or wait for confirmation of a daily close above resistance? Share your opinion 👇
