TRON's TRX Rebounds 0.74% Amid China Digital Yuan Speculation

TRON's native token, TRX, has recently shown signs of a bullish rebound, with its price bouncing from the $0.244 support zone and currently pressing against resistance at $0.249. This upward trajectory is supported by technical indicators, with TRX trading above all major exponential moving averages (EMAs). The bullish structure remains intact, with the MACD and RSI showing supportive trends and no divergences.

Analysts have noted that a break above the $0.249 resistance level could pave the way for a swift move to the $0.255 resistance, with $0.275 as the next higher-timeframe target. Short-term traders are advised to consider scalp longs on dips above $0.244, while a break below this level could trigger a drop toward $0.240. As of 23 April 2025, the TRON price is currently at $0.2466, reflecting a slight decline of 0.74% over the last 24 hours. The price dropped by $0.001, indicating mild bearish pressure in the short term as the token consolidated around key technical levels.

The recent speculation about China potentially backing its digital Yuan with gold and deploying this token on the TRON blockchain has added fuel to the TRON price rebound. Crypto analyst Marty Party proposed this idea, envisioning a combination of China's traditional gold preferences with modern decentralized infrastructure. TRON founder Justin Sun publicly liked this theory, hinting at a possible alignment between the TRON future and China’s digital vision. However, there is no official confirmation that this possibility aligns with China’s long-standing efforts to reduce the country’s reliance on the US dollar while internationalizing the Yuan. Introducing the digital Yuan on the TRON blockchain would allow the People’s Bank of China to maintain partial control through network governance while benefiting from the transparency and interoperability of public blockchain.

Parallel to China’s speculated digital gold move, Marty Party envisions a US response in the form of a digital dollar backed by Bitcoin (BTC) and gold. This concept aligns with CBDC research by the US authority and Trump’s recent proposal for a “strategic Bitcoin reserve.” This would mark an important shift in the global monetary policy and transform the central bank’s current instrument into a hybrid instrument anchored in both legacy and crypto assets. If realized, this move could promote decentralized, reduced inflationary risks and expand access to financial infrastructure globally.

This merging of geopolitical strategy and blockchain adoption paints a compelling future for the TRON (TRX) blockchain world and will introduce a new way to use traditional assets. According to the TRX technical analysis, the TRON price is set to have bullish momentum but is currently facing a slight decline of 0.74%. And if the Digital Yuan merge happens with the TRON blockchain that it may witness price appreciation. If assets like digital Yuan and digital Dollar emerge on the public blockchain, then TRON can play an important role as a trusted high-speed infrastructure for financial tokenization. Combined with its growing technical strength and adoption in Asia, TRON may place itself at the forefront of new monetary transformation where code, not borders, will define financial power.