TRON Gains Traction as Nasdaq Move Sparks Bullish Outlook
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TRON Gains Traction as Nasdaq Move Sparks Bullish Outlook

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Azeez Mustapha

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TRON (TRX) is gathering fresh momentum, with its high-speed network laying the groundwork for widespread adoption. Able to process around 2,000 transactions each second, the blockchain is well-suited for demanding decentralized applications. Recently, TRON revealed plans to enter U.S. markets through a reverse merger with a Nasdaq-listed company, a milestone that could see it become the first major Layer 1 project directly connected to traditional equity exchanges.

This development fueled a 2% rise in TRX’s value, underscoring heightened interest from institutional investors. Whales are increasingly viewing TRON as a vital link between established Web2 systems and the expanding Web3 landscape. As whale accumulation grows and market exposure widens, analysts are highlighting TRX as a strong bullish candidate among altcoins. With its blend of technical capabilities and forward-looking strategy, TRON stands out as a cryptocurrency worth watching during the current market upswing.

Key TRON Levels To Watch – June 30BINANCE:TRXUSD Chart Image by amiraoluwaseyifunmi

TRXUSD is bullish as price bounces strongly above the 9-day SMA, confirming upward momentum. The previous swing low held above the 61.8% Fibonacci level, reinforcing a bullish retracement structure.

MACD histogram flips green with a bullish crossover forming below the baseline, suggesting momentum is shifting upward. If price breaks above $0.2820, it may extend toward the $0.3050 resistance level.

TRXUSD Key Levels

Resistance Levels: $0.2820, $0.2960, $0.3050
Support Levels: $0.2520, $0.2390, $0.2110

TRX METRICS

Total Market Capitalization: $3.28T
TRON Market Capitalization: $26.43B
TRON Volume: $382.73M
Market Rank: #8

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