Following speculations about the possible addition of TRON (TRX) to the US strategic reserve of digital currencies, this cryptocurrency has experienced price fluctuations. While Donald Trump has introduced cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) as part of this reserve, Justin Sun has hinted at the possibility of TRON being included, sparking investor interest. However, the recent market trend has shown a decrease in TRON’s price. Trump’s recent announcement on the Truth Social network about the US strategic reserve has increased the total crypto market value by $300 billion and pushed the price of Bitcoin above $90,000. Following Sun’s statements about TRON’s role in Trump’s strategic reserve, the price of this cryptocurrency initially grew. However, TRON underwent a sideways trend after the initial growth and then dropped by 4% to $0.2336. The decline in TRON’s price coincided with Bitcoin dropping below $90,000. Currently, TRON’s support level is at $0.23, with resistances ahead at $0.24 and $0.25. If the $0.25 resistance is broken, the next target will be $0.28, indicating a potential 30% growth. On the other hand, if the price falls below $0.23, the next support is at $0.22, with a possibility of further decline to $0.20 upon breaking this level. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator indicates a decrease in bullish momentum, and the Relative Strength Index (RSI) is at 57.41, suggesting a neutral market for TRON. You can track the live prices of all tokens and cryptocurrencies on the real-time price page.
