TRX surges strongly after a series of good news - Will the uptrend continue?

In the context of a still unstable market, TRX – the native token of the Tron network – is showing a difference compared to other assets thanks to its impressive performance over the past 24 hours. As of March 19, 2025, TRX has recorded an increase of 8%, outperforming top cryptocurrencies like Bitcoin (BTC) and Ethereum, along with some other assets.

TRX challenges the downtrend, surpassing BTC and ETH

The strong surge of TRX occurred right after an important announcement from Justin Sun, the founder of Tron. Today, in a post on X (formerly Twitter), this billionaire asserted: “TRX will soon be available on Solana. Get ready to buy and collaborate.”

This move seems to aim at promoting cross-chain transactions with SOL and other meme coins, while leveraging the advantages of the Solana network – high speed, low cost – to enhance overall performance.

Current Price Momentum

Sun’s statement in the context of the fluctuating market has helped TRX recover its losses, shift into an upward trend, and maintain its upward momentum. Currently, this asset is trading around $0.238, recording an increase of over 8.50% in the past 24 hours.

In addition, right after Sun’s announcement, the participation of traders and investors surged, helping the trading volume of TRX increase by 25%.

Technical analysis of Tron (TRX)

From a technical perspective, TRX is maintaining an upward trend and with the current recovery momentum, this cryptocurrency has regained the important support level at $0.22, while approaching the resistance threshold of $0.25.

Daily TRX/USDT Chart | Source: TradingViewThe daily chart of TRX shows that the price has traded within a narrow range from $0.2185 to $0.25. However, due to recent bullish momentum along with announcements from Sun, buying pressure seems to have returned, opening the possibility for TRX to continue its upward trend until it tests the $0.25 level.

Additionally, in the recent adjustment, TRX has successfully retested the 200-day Exponential Moving Average (EMA) on the daily time frame, reinforcing the belief that the upward trend is still being maintained.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making a decision. We are not responsible for your investment decisions.

• USDT dominates the Tron network with 98.5% stablecoin market share
• Justin Sun received a stay of enforcement order from the SEC for fraud.

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