TRX Token Holds Strong at $25.3B Market Cap Despite 2.84% Dip and Market Volatility

TRXUSDT is trading at $0.2633, down 2.84% over the last 24 hours according to Binance data, with a 24-hour open of $0.2710. The recent price decline can be attributed to a combination of mild bearish sentiment in the broader crypto market and specific concerns highlighted by increased long liquidations and falling derivatives data earlier in the week, as well as technical resistance near $0.27. Despite this short-term pullback, TRX remains the eighth-largest cryptocurrency by market capitalization at approximately $25.3 billion, supported by active trading volume near $862 million. The asset is consolidating above key support levels, with investors monitoring potential upside catalysts such as the reverse merger with SRM Entertainment and Tron’s planned U.S. public listing, which could impact sentiment and price direction in the near term.