Is TRON (TRX) Price About to Skyrocket to $0.30?

TRON (TRX) has been in consolidation mode, trading within a tight range despite broader market volatility. Currently priced at $0.2465 and up 1.5% in the past 24 hours, TRX is testing critical resistance at $0.2489. Investors are eager to see if it can break through to the $0.30 mark, with technical signals suggesting a potential rally.

Read Tron Price Prediction 2025, 2026 - 2030

Key Price Levels and Consolidation

TRX's consolidation phase has defined a range between $0.2178 (support) and $0.2569 (resistance), aligning with the 23.60% Fibonacci retracement level. Despite repeated tests of lower price levels, TRX has maintained stability, showing signs of strength even as the broader market faced volatility. A successful breakout above the $0.2569 resistance could pave the way for a bullish run.

Trading Volume and Market Sentiment

The market's reaction to TRON founder Justin Sun's recent announcement has been strong. The TRX/USDT trading volume surged from 230 million USDT to 300 million USDT, while the TRX/BTC pair also saw a jump in volume from 120 BTC to 150 BTC (Source: Binance Trading Data, March 7, 2025). This uptick in trading activity indicates a shift in investor sentiment towards TRX, driven by the potential of TRON's involvement in U.S. crypto policy.

Also Read: Jasmy Price Prediction 2025, 2026 – 2030

On-Chain Activity Supports Bullish Outlook

On-chain metrics from TRONSCAN show increased network activity, with transactions per second rising from 1,200 to 1,500. This growth in network engagement often precedes price momentum, adding to the bullish outlook for TRX.

What’s Next for TRX?

If TRX breaks above $0.2569, it could ignite a broader rally, with $0.30 as a key target. However, failure to breach this resistance might lead to another consolidation phase. With market sentiment improving, traders should watch these levels closely to capitalize on potential moves.