Data on TRON (TRX) indicates the token's stability around $0.3494 amid market activity, characterized by supply shortages and high staking rates.
Supply and Staking Dynamics
The total TRX supply stands at 94.66 billion tokens, with 45.36 billion tokens staked. Over the last 14 days, TRX supply fell by 0.76%, indicating token burns and other deflationary mechanisms. This combination of reduced supply and significant staking involvement suggests tightening liquidity in the market.
Energy Costs and Token Supply
Data shows that TRX supply reacts to changes in energy prices. At a price of 210 SUN, there was a contraction of over 76 million tokens. However, reducing energy costs by more than 50% flips the dynamics towards inflation, resulting in increased token supply.
Technical Market Outlook
The TRX price recently tested support at $0.3434–$0.3440. Current resistance sits at $0.3510, with an upper level at $0.3693. A move above $0.3510 could renew bullish momentum.
With current conditions, TRX is in a consolidation phase, awaiting a breakout above resistance or renewed pressure on support levels.
