"TRON's TRX Price Volatility: Trump's Reserve Hint Sparks Surge, Market Reacts"

Coin WorldMonday, Mar 3, 2025 2:42 pm ET

1min read

TRON (TRX) price has been volatile following speculation about its potential inclusion in a strategic cryptocurrency reserve. Former U.S. President Donald Trump reportedly named Bitcoin, Ethereum, XRP, Solana, and Cardano as part of the reserve. Justin sun, the founder of tron, hinted that trx could also be considered, sparking investor interest and a price surge. However, recent market trends indicate a decline in TRX's price.

TRON's price movement remains steady within a horizontal trend. Sun's comments have fueled speculation about TRX's potential inclusion in future policy discussions. The crypto market continues to react strongly to regulatory shifts, with investors closely monitoring TRON's role in upcoming decisions.

The TRX price hovered at $0.2419 as of March 3, 2025, following a slight pullback. The top altcoin shows a 4% drop, with a recent low of $0.2336. The TRON price has seen a slight market correction after a notable price surge in the early hours. This follows the crypto market as BTC also has seen a retrace below $90k again. The support level is found at $0.23, with resistance points at $0.24 and $0.25.

The price has been fluctuating within this range, making it crucial to monitor these levels for a potential breakout or further downside. The MACD indicator shows positive momentum, though with a slight decrease in momentum strength. The histogram reveals a narrowing gap between the MACD line and the signal line, suggesting that price momentum may slow down in the near term. The Relative Strength Index (RSI) currently stands at 57.41, indicating that TRX is neither overbought nor oversold.

Key resistance levels are at $0.24 and $0.25, with the next major resistance sitting at $0.28. Traders should look for a breakout above $0.24, which would suggest an upward rally toward these resistance points. If TRX surpasses $0.25, the next target would be $0.28, representing a 30% potential gain. On the flip side, if the price drops below the support at $0.23, the next key support level is at $0.22. A breach

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