TRON Price Implications as Justin Sun Hints TRX May Be in Trump’s Crypto Strategic Reserve
TRON (TRX) price has been fluctuating following speculation about its potential inclusion in a strategic cryptocurrency reserve. Former U.S. President Donald Trump reportedly named Bitcoin, Ethereum, XRP, Solana, and Cardano as part of the reserve. Justin Sun hinted that TRX could also be considered, sparking investor interest. While TRX saw a price surge, recent market trends indicate a decline. The speculation continues to influence TRX’s market movement.
What’s Next for TRON Price? Justin Sun Teases TRX’s Role in Trump’s Crypto Strategy
Justin Sun, a TRX founder, hinted at TRON’s involvement in former U.S. President Donald Trump’s digital asset strategy. The TRON price rebounded, pushing past resistance levels as the market responded to recent developments.
Trump revealed a list of cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano, as part of a planned strategic reserve. His announcement on Truth Social triggered a market-wide rally, boosting the total cryptocurrency market by over $300 billion. Bitcoin surged beyond $90,000 following his statement.
TRON’s price movement remains steady within a horizontal trend. Sun’s comments have fueled speculation about TRX’s potential inclusion in future policy discussions. The crypto market continues to react strongly to regulatory shifts, with investors closely monitoring TRON’s role in upcoming decisions.
TRX Price Analysis: Can It Reach $3?
The TRX price hovered at $0.2419 as of March 3, 2025, following a slight pullback. The top altcoin shows a 4% drop, with a recent low of $0.2336. The TRON price has seen a slight market correction after a notable price surge in the early hours.
This follows crypto market as BTC also has seen a retrace below $90k again. The support level is found at $0.23, with resistance points at $0.24 and $0.25.
The price has been fluctuating within this range, making it crucial to monitor these levels for a potential breakout or further downside.
The MACD indicator shows positive momentum, though with a slight decrease in momentum strength. The histogram reveals a narrowing gap between the MACD line and the signal line, suggesting that price momentum may slow down in the near term.
The Relative Strength Index (RSI) currently stands at 57.41, indicating that TRX is neither overbought nor oversold.
Key resistance levels are at $0.24 and $0.25, with the next major resistance sitting at $0.28. Traders should look for a breakout above $0.24, which would suggest an upward rally toward these resistance points. If TRX surpasses $0.25, the next target would be $0.28, representing a 30% potential gain.
On the flip side, if the price drops below the support at $0.23, the next key support level is at $0.22. A breach of this support could lead to further downside risk, potentially pushing the price toward $0.20.
In conclusion, the TRON price movement remains highly dependent on market sentiment and the ongoing speculation surrounding its potential inclusion in Trump’s strategic cryptocurrency reserve. While the price shows some promise, it is crucial to watch the support and resistance levels closely to gauge the next moves for TRX.
The post TRON Price Implications as Justin Sun Hints TRX May Be in Trump’s Crypto Strategic Reserve appeared first on CoinGape.
