Amid the news of the application for the first spot TRX ETF with staking in the USA, interest in Tron has surged sharply. This could be a trigger for significant growth and attracting institutional investors.
Current price: $0.2417
Daily growth: +12%
Trading volume: spiked sharply after the news
Technical analysis:
• Support: $0.2300 — the level from which the recent upward surge began.
• Strong accumulation zone: $0.2150–$0.2250
• Resistance: $0.2500 — an important psychological level, breaking it will open the way to $0.2750
• Next target: $0.2900–$0.3000 (spring 2021 highs)
Entry points:
• On a retest of $0.2300 with confirmation of the rebound (pattern + volume)
• On a breakout at $0.2500 with a tight stop at $0.2410
• For investors: position building in the range of $0.2250–$0.2450 with an expectation of growth in light of ETF news and the overall bullish market
Fundamentally:
• Potential TRX ETF with 4.5% annual staking — the first of its kind
• Tron remains one of the most transaction-heavy networks
• Strong focus on decentralized stablecoins, GameFi, and DeFi
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Conclusion: TRX shows strong momentum against a backdrop of fundamental news. Holding above $0.2300 and breaking $0.2500 — bullish scenario remains in effect. The ETF could be a catalyst for a new high.
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