Justin Sun Marks TRON Inc. Nasdaq Debut as TRX Price Eyes Potential Breakout Within Ascending Channel
Main Idea
Justin Sun's TRON Inc. made its Nasdaq debut through a reverse merger, boosting TRX's market profile and signaling institutional confidence, while TRX price shows potential for a breakout.
Key Points
1. TRON Inc. debuted on Nasdaq via a reverse merger with SRM Entertainment, rebranding under the ticker symbol TRON.
2. TRON Inc. holds the largest publicly held portfolio of TRX tokens, with a market cap of approximately $29.8 billion, surpassing Cardano (ADA).
3. TRX price is consolidating in an ascending channel, with a potential breakout above $0.34 if key support levels hold.
4. A confirmed daily close above $0.34 could lead to further gains toward $0.40, while a drop below $0.30 may prolong consolidation.
5. The Nasdaq debut enhances TRON Inc.'s transparency and market positioning, attracting investor interest.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Justin Sun marked
Latest News
- Bitcoin Treasury Capital’s Latest Acquisition Highlights Growing Corporate Interest in BTC as a Treasury Asset2025-07-26 07:48:18
- BlackRock’s Ethereum ETF Leads as Ether Spot ETFs Extend 16-Day Inflow Streak2025-07-26 07:37:01
- Analyst Highlights Extreme Selling Pressure but Positive Rebound for Bitcoin (BTC) This Week2025-07-26 07:36:27
- US Bitcoin Spot ETF Sees $72.3 Million Net Inflow Led by BlackRock IBIT Surge2025-07-26 07:24:07
- Bitcoin Treasury Capital Boosts Holdings by 10 BTC, Total Now Around 166 BTC2025-07-26 06:59:25