Analyzing the potential of $TRX (Tron) on @EdgenTech
Current price: ~0.342 USD, market cap ~29-32 billion USD, 24h volume ~722 million USD.
Fundamentals:
🌟 Leading stablecoin (50%+ USDT transactions), low fees, DeFi integration (SunPerp, TREX) and futures (MEXC).
🔒 89% $TRX staked, token burn mechanism (~55 million USD/24h) supports price increase.
🤝 Strong adoption: 1 million active addresses/day, organizational partnerships (SRM, Dominica).
🔮 Forecast: 0.36 USD (2026), 0.44 USD (2030), potential 1-10 USD if DeFi expands.
Technical:
🛡️ Support at 0.333-0.335 USD, resistance at 0.345-0.35 USD. Breakout above 0.35 could reach 0.365 USD.
🎯 End of 2025 target: 0.45-0.61 USD; risk of dip to 0.31 USD if support is lost.
😄 Market sentiment: Bullish (80-90%) on X, focusing on utility, staking, and meta DeFi.
⚠️ Risks: Bear market, competition from Solana/ETH L2, legal issues, volatility from staking.
🚀 Recommendation: Buy at 0.33 USD, stop-loss at 0.31 USD, short-term target 0.37 USD. Strong long-term potential, suitable for holders/stakers.
Follow @trondao/@justinsuntron. DYOR
Show original
5.11K
29
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.