TRON (TRX) is currently facing a weak market, with its price recently dropping by 1.71% to $0.3455. This dip is part of a broader market downturn led by Bitcoin, causing TRON's market cap to fall slightly to $32.7 billion. Despite this, trading activity remains high, with over $1.11 billion in volume.
Amidst the short-term struggles, TRON DAO has introduced a significant new feature: zero-fee deposits and withdrawals for TRX and USDT on the TRC-20 network. This change aims to improve user experience by eliminating hidden fees and speeding up transactions, potentially attracting more users and institutions to the network. Analysts believe this could be a key factor in helping TRX overcome the current bearish trend.
From a technical standpoint, TRX is holding just above its key support level of $0.3438. The RSI at 37 hints that a rebound could be coming, but the MACD still signals a bearish bias. If TRX can maintain its current support, it might rise to $0.357 and possibly higher to $0.372. However, a fall below $0.3438 could lead to a deeper correction toward $0.33.
Overall, the increased trading volume suggests that traders are active and re-positioning themselves, indicating that a significant price move—either a breakout or a breakdown—could happen soon.
August 2025, Cryptoniteuae