TRON (TRX) Tests $0.34 Resistance Amid 29.98% 24-Hour Volume Surge

TRON (TRX) is currently consolidating near the $0.34 level, a key area of interest for traders and investors. The cryptocurrency has shown signs of stabilizing after a notable price increase from $0.27 in late June 2025, with repeated tests of the $0.34 resistance mark indicating potential for a breakout [3]. The immediate technical levels to watch are $0.3416 and $0.349, both of which could serve as catalysts for further upward movement if successfully breached [1].

Strong USDT inflows and increasing spot volume activity—recently reaching $1.18 billion, up 29.98% in 24 hours—have contributed to a bullish sentiment [5]. On-chain data also suggests accumulation, with a $2.95 million spot netflow outflow observed, which some analysts interpret as a sign of underlying bullish bias [1]. However, short-term momentum has shown signs of weakening, with the price consolidating just below $0.34, raising questions about whether the current phase is a pause or a precursor to a larger move [3].

If buyers can push through the $0.34–$0.35 resistance zone and maintain control, it could signal the start of a more aggressive upward trend. A successful breakout above $0.349 may unlock significant gains and position TRX for a test of higher price targets, including $0.60 and $0.90, as suggested by some market observers [2]. Conversely, a failure to hold the current consolidation range might result in a retest of lower support levels before any meaningful upward movement can occur [3].

The broader market is also paying close attention to TRX’s price action, as its performance could influence other altcoins in a similar technical position. The TRON network, led by Justin Sun, has emphasized the role of TRX in stablecoin transactions, a factor that may reinforce its importance in the DeFi space [1]. While no direct quotes from Sun have been released at this time, his strategies and vision continue to shape TRX’s market positioning.

A $1 billion buyback program recently announced by the TRON ecosystem has further fueled optimism, contributing to an 8% price surge and maintaining RSI levels at 67, which indicates ongoing upward momentum [4]. Solid trading volume and consistent buyer participation have also been reported, reinforcing the idea that market participants remain confident in TRX’s near-term potential [5].

Overall, the combination of technical indicators, strong on-chain activity, and growing investor interest suggests that TRX could be on the cusp of a significant move. The coming weeks will be critical in determining whether the current consolidation phase leads to a sustained breakout or a pullback into lower support levels [3].

[1] AInvest: https://www.ainvest.com/news/tron-trx-consolidates-0-34-bullish-trend-weakening-momentum-2508/

[2] Brave: https://bravenewcoin.com/insights/tron-trx-price-prediction-rising-channel-structure-points-to-0-60-and-0-90-targets

[3] Coin: https://coinedition.com/tron-trx-price-prediction-for-august-10-2025/

[4] Blockchain: https://blockchain.news/news/20250809-tron-trx-tests-034-resistance-as-1-billion-buyback-program

[5] AInvest: https://www.ainvest.com/news/bitcoin-news-today-ada-hovers-0-50-support-mixed-market-sentiment-trx-gains-3-buyers-target-0-34-0-35-resistance-blockdag-rakes-367m-10-btc-auction-3-025-roi-potential-2508/