TRON (TRX) shows stability due to investor accumulation and plans to enter the Nasdaq market via a merger with SRM.
TRX Support at Key Levels
According to Glassnode data, TRX has formed a strong support cluster in the $0.26–$0.27 range, where over 14 billion tokens are located, marking the largest cost basis on the network's heatmap. Analysts note that this zone now serves as crucial psychological and technical support, with most investors holding TRX below the current price, indicating long-term positions.
Technical Consolidation and Resistance Levels
Recently, TRX prices faced resistance in the $0.279–$0.280 range, and currently, TRX trades around $0.2758. Sellers are actively defending the upper boundary of the ascending channel, and the MACD indicator shows neutral momentum. The $0.270 level remains key, with successful holding potentially leading to a breakout to $0.295.
Plan for U.S. Market Entry via SRM Merger
TRON is preparing for a U.S. public market debut through a reverse merger with Nasdaq-listed SRM Entertainment. The planned merger will create a new entity, Tron Inc., which will hold significant TRX reserves and operate under U.S. regulations. Justin Sun will serve as an advisor during this transition, and Eric Trump is expected to join Tron Inc.’s leadership.
The resilience of TRX support and TRON's intent to enter the Nasdaq market through the SRM merger highlights the project's active development in the U.S. arena.
