- TRX sees major accumulation at $0.26–$0.27, forming strong support.
- TRON plans to enter Nasdaq through the SRM merger, boosting its U.S. presence.
TRON (TRX) has formed a strong technical base as investor accumulation supports key price levels. According to Glassnode data, TRX has solidified a strong support cluster between $0.26 and $0.27. Over 14 billion TRX tokens are held at this price, forming the largest cost basis on the network’s heatmap.
Analysts said this zone now acts as crucial psychological and technical support. Most investors currently hold TRX below the prevailing price, suggesting positions remain profitable and are likely to be held long term. Between mid-May and June, accumulation increased in this range, supporting upward momentum.
The heatmap shows a sharp drop in supply above current levels, indicating fewer purchases at higher prices. This supports a bullish bias, provided the price remains above the $0.270 mid-range support.
TRX Consolidates in Channel as Resistance Holds
TRON’s price recently hit resistance near the $0.279–$0.280 range but has yet to break through. As of now, TRX trades around $0.2758, with sellers consistently defending the upper boundary of the ascending channel. The MACD indicator shows neutral momentum, hinting at a possible cooldown or short-term consolidation.
The $0.270 mid-channel level remains key. A successful hold here could set up another breakout attempt toward $0.295. Failure to maintain this level may lead to a drop toward the lower channel edge near $0.260.
Analysts point to the flattening MACD histogram as a sign that momentum may stall without an apparent directional trigger. Traders are watching closely for either a bullish continuation or deeper retracement.
Tron Pursues U.S. Market Entry via SRM Merger
Tron is preparing for a U.S. public market debut through a reverse merger with Nasdaq-listed SRM Entertainment, Financial Times reported. The planned merger will form Tron Inc., a new entity that will hold significant TRX reserves and operate under U.S. regulatory oversight. Investment firm Dominari Securities is facilitating the transaction.
SRM has secured a $100 million equity agreement from a private investor to fund a TRX Treasury Strategy. Backed by warrants, the total deal could reach $210 million. The plan includes acquiring and staking TRX and later introducing a dividend model.
Justin Sun will serve as an advisor during the transition, while Eric Trump is expected to join Tron Inc.’s leadership team.
The U.S. Securities and Exchange Commission has reportedly paused its investigation into Sun’s crypto holdings. This regulatory pause clears a significant hurdle for Tron’s expansion strategy. The merger positions Tron to access public capital markets while aligning with U.S. compliance standards.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
