Back to top
  • 공유 Share
  • 인쇄 Print
  • 글자크기 Font size
URL copied.

TRON (TRX) Holds Steady at $0.26 Amid Market Volatility and Geopolitical Uncertainty

TRON (TRX) Holds Steady at $0.26 Amid Market Volatility and Geopolitical Uncertainty. Source: EconoTimes

TRON (TRX) is showing notable resilience as global economic uncertainty and rising geopolitical tensions continue to weigh on crypto markets. Despite broader volatility, TRX has remained around the $0.26 mark, buoyed by the rapid growth of its stablecoin ecosystem, which is drawing traders seeking safe-haven assets.

According to CoinDesk Research’s technical analysis, TRX climbed from $0.261 to a peak of $0.268—a 3.07% increase—before facing downward pressure. A strong ascending channel formed early, with volume peaking at over 125 million during the 00:00–02:00 window. A key breakout above $0.264 turned former resistance into support, followed by a brief consolidation phase.

However, selling pressure intensified later, notably during the 05:12 to 05:28 period, where sell volume exceeded 8–11 million. This led to a breakdown below the critical $0.264 support level. The price dropped from $0.266 to $0.263 in the last hour, indicating short-term bearish momentum despite earlier gains.

In the final 15 minutes, the market attempted to stabilize with reduced volatility, but TRX failed to reclaim the $0.264 level, suggesting ongoing downward pressure in the near term. Nevertheless, TRON’s consistent performance highlights investor confidence, especially as its partnership with MoonPay and growing presence in the U.S. further strengthen its market positioning.

With increased adoption and a robust DeFi ecosystem, TRON may continue to attract attention even in a risk-off environment. As crypto investors weigh safe assets during times of global instability, TRX remains one of the key altcoins to watch.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Most Popular

Comment 0

Comment tips

Great article. Requesting a follow-up. Excellent analysis.

0/1000

Comment tips

Great article. Requesting a follow-up. Excellent analysis.
1