Tron price forecast: will the $1.4 billion in profit taking dent the TRX bull run?

Key Points

1. Tron (TRX) holds steady at $0.33 despite $1.4 billion in profit-taking within 24 hours, driven by long-term holders from the 2020–2021 bull cycle.

2. The market has absorbed the selling pressure without significant price disruption, with TRX futures open interest increasing from 1.49 billion to 1.56 billion TRX since August 1.

3. Tron now handles over 60% of global Tether (USDT) transactions, with $81 billion in USDT circulating on its network, reinforcing its role as a fast, low-cost platform.

4. Technical indicators suggest TRX must maintain support above $0.3189, with potential resistance levels at $0.3341 and $0.3505, while a breakdown below $0.3189 could lead to a drop to $0.3090.

5. Corporate adoption is growing, with SRM Entertainment integrating TRX into its treasury strategy, further supporting Tron's market position.