In a volatile market move, the price of TRON (TRX) dipped by 6%, settling at $0.2286 as of March 3, 2025. The drop follows a period of speculation sparked by Justin Sun, the founder of TRON, who hinted that the cryptocurrency could be included in a new US strategic crypto reserve, recently unveiled by former President Donald Trump.
Trump’s announcement, made public on Sunday night, listed Bitcoin, Ethereum, XRP, Solana, and Cardano as part of the reserve. Sun’s suggestion that TRX might also join the group generated initial excitement, causing a temporary uptick in the cryptocurrency’s price. However, the excitement was short-lived as TRX’s value succumbed to broader market trends.
Sun has been vocal in his support of Trump’s pro-crypto stance, affirming that TRON is fully committed to supporting Trump’s cryptocurrency strategy. This backing fueled speculation that TRON could play a significant role in the former president’s plan, which contributed to a brief market rally. Trump’s proposal, shared on Truth Social, added $300 billion to the global cryptocurrency market, with Bitcoin briefly soaring past $90,000.
Despite this, TRON’s price has been moving sideways in recent days. As investors await further clarity on TRX’s potential inclusion in future crypto policies, Sun’s remarks continue to stoke speculation about the coin’s future role in the US crypto strategy.
As of the latest update, TRX is testing key support levels at $0.23, with the next support at $0.22. If the downward momentum continues, it could fall to $0.20. On the upside, resistance is at $0.24 and $0.25, and a rally to $0.28 is possible should TRX regain its momentum.
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