TRX Holds Key Support at $0.26 Amid Visa Card Launch and $210M Nasdaq Merger News

TRON (TRX) is trading at $0.2651, down 2.36% over the last 24 hours from a 24h open of $0.2715, with a market cap of approximately $23.61 billion and 24-hour trading volume between $430 million and $678 million. The recent price decline is primarily attributed to profit-taking and consolidation following a period of strong gains, despite positive developments such as the announcement of TRX-powered Visa cards in Western markets and the $210 million reverse merger with Nasdaq-listed SRM Entertainment. While these fundamental news items have increased institutional interest and long-term sentiment, short-term trading has been influenced by neutral market sentiment and a slight decrease in trading volume, leading to the observed pullback. TRX remains in a consolidation phase above key support at $0.26, with a mildly bullish outlook if buying momentum returns.