TRX coin is holding steady above key support at $0.30, with participants watching closely to see if momentum can fuel the next breakout move.

Despite recent swings in the broader market, TRON TRX has shown steady strength by defending its $0.30 to $0.32 range. This stability has caught the eye of market watchers who are watching closely for signs of a breakout attempt on TRX coin.

TRON Price Outlook: Bulls Defend $0.30 Support

TRON TRX is consolidating above the $0.30 to $0.32 support zone, a level that has repeatedly acted as a foundation for bullish moves. Holding this base gives room for an extension toward $0.42 and possibly $0.50, while failure to defend could expose $0.28 as the next stop.

TRX holds firm above the $0.30 support zone, building a higher-low structure that signals steady accumulation. Source: TraderLenny via X

The weekly chart highlights a steady higher-low structure, suggesting underlying accumulation. Momentum is showing that there is still room for upside before conditions become stretched. Crypto analyst TraderLenny views TRON’s higher timeframe chart as one of the cleaner bullish setups among major altcoins.

Market Reacts Cautiously to TRX Coin News

Fresh reports from AssembleAI, citing Bloomberg data, suggest Justin Sun may control as much as 64% of TRON’s circulating supply. This concentration has raised eyebrows in the market, as it gives one individual significant influence over the TRX coin’s liquidity and potential price action. For investors, the development injects a layer of caution into what has otherwise been a constructive technical setup.

While some argue that Sun’s dominance reduces risks of selling, critics warn it could limit TRON’s decentralization and transparency. For now, the market hasn’t reacted sharply, but such headlines often weigh on sentiment over time.

On-Chain Activity Supports Long-Term Strength

Beyond governance debates, TRON’s on-chain activity stands out as one of its strongest assets. The network now supports more than 334 million total accounts and processes over 2.3 million daily USDT transfers worth roughly $22.5 billion. These volumes keep TRON firmly positioned as a backbone of stablecoin settlement.

TRON’s massive on-chain activity, with billions in daily USDT transfers, continues to reinforce its role as a key settlement layer. Source: Lookonchain via X

It’s this scale that explains why TRX has been able to defend the $0.30 support zone repeatedly. Data from Lookonchain shows that adoption-driven flows have remained steady, giving the network resilience even during market-wide weakness.

Can TRX Coin Make a New ATH in 2025?

TRX coin is currently trading at $0.34, up nearly 2% in the past 24 hours. The move keeps price comfortably above the $0.30 to $0.32 support band that bulls have defended multiple times. From a structural view, the next checkpoints are $0.36 and $0.38, with a bigger test at $0.42. If these levels flip, the all-time high near $0.45 comes back into focus, where heavy supply previously capped upside attempts.

TRON coin is trading at around $0.34, up 1.98% in the last 24 hours. Source: Brave New Coin

Looking further out, the big question for participants is whether TRON can stretch towards $1.00 in 2025. This TRON Price Prediction would require a near-200% move from current levels, but the path is mapped out: reclaim $0.36, clear $0.45, and sustain momentum through $0.60. Indicators suggest cautious optimism, with higher lows still intact and steady network demand backing the setup. If market conditions stay favorable, TRON’s resilience at support could be the base for a larger breakout attempt.

Bearish Outlook: Sellers Still Active at Resistance

While support has been defended, sellers continue to lean heavily on TRON TRX whenever it approaches resistance. The $0.38 to $0.40 zone has repeatedly triggered profit-taking, leading to liquidity sweeps that cap upside moves. If momentum fades, price could slip back toward $0.28, with $0.24 as the deeper level to watch.

TRON faces repeated selling pressure at the $0.38–$0.40 resistance zone. Source: SwallowAcademy via TradingView

This potential pullback has been highlighted by SwallowAcademy, which pointed out that repeated rejections near key levels often precede correction phases. For bears, this is the main argument keeping the downside case alive despite strong fundamentals.

Final Thoughts: Will News Impact TRON’s Price?

The headlines around Justin Sun’s large stake in TRX coin are certainly making traders cautious, but the market hasn’t shown a big reaction yet. Instead, price has been steady around the $0.30 to $0.34 range, suggesting that support is still intact. If TRX can keep building momentum above this zone, technicals point towards $0.36 and $0.42 as the next tests. The concern is whether governance questions will weigh on sentiment once the price reaches resistance again.

At the same time, TRON’s on-chain activity and steady adoption remain strong factors that can’t be ignored. Daily stablecoin transfers and consistent demand continue to show why TRX has been able to defend its base when other altcoins struggle.

TRON TRX’s path forward will depend on whether bulls can overcome repeated rejections near $0.38 to $0.40. If they succeed, TRON Price Prediction could shift back into a breakout narrative.