After overtaking Dogecoin to become the 8th largest crypto by market cap, TRX is quietly showing strength where others are slipping. While much of the market remains stuck or retracing, TRON is holding key support zones and pushing forward with clean technicals and growing fundamentals.

TRON (TRX) is trading at around $0.27, down -0.13% in the last 24 hours. Source: Brave New Coin

TRON Ranks As 8th Largest Crypto

TRON has officially climbed into the 8th spot in global crypto rankings by market cap, overtaking Dogecoin in the process. TRX now sits at $25.9 billion, narrowly edging out DOGE at $25.1 billion. While Dogecoin has often relied on sentiment, TRON’s steady fundamentals appear to be carrying more weight in today’s market.

TRON overtakes Dogecoin to claim the 8th spot in global rankings. Source: Wise Crypto via X

The push higher comes on the back of rising USDT volumes flowing through the TRON network, strong global usage metrics, and a $210M reverse merger IPO that’s drawing fresh institutional attention. If this momentum continues, TRON’s price is likely to remain stable and bullish.

TRON Tops Grayscale’s Weekly Performance

Fresh off becoming the 8th largest crypto by market cap, TRON is now leading the pack in Grayscale’s latest snapshot of weekly returns. With a +0.9% gain over the last seven days, TRX stands out as the only top 10 asset in the green, while major players like Bitcoin, Ethereum, and Solana closed the week in the red. In a market leaning bearish, TRON is showing quiet relative strength.

TRON leads Grayscale’s weekly performance with a +0.9% gain, standing out as the only top 10 crypto in the green. Source: Grayscale via X

Technical Structure Aiming For $0.298

TRON’s price action has been one of the cleanest structures in the entire market. As shared by crypto analyst niggyxx, TRX TRON price recently bounced cleanly off the 0.618 Fibonacci retracement zone near $0.274. That level, often seen as a textbook bullish retracement, has sparked renewed upside interest. Even more notable is how TRX continues to move along its ascending support line, signalling a bullish trend.

TRX bounces from the 0.618 Fibonacci zone with bullish momentum, eyeing resistance targets at $0.282, $0.286, and $0.298. Source: niggyxx via X

The next immediate resistance levels lie at $0.282, $0.286, and $0.298. The MACD indicator shows the continuation of the bullish momentum. TRX has outperformed its peers on multiple fronts and is likely to continue doing so.

TRX TRON Price Firmly Holds Support Zone

After a strong push into the top 10, TRON is now in a classic cooling-off phase, but it’s holding its ground. According to Nebraskangooner, TRX is moving sideways while maintaining structure above a key breakout support zone. So far, price has respected that support zone, keeping the bullish momentum intact.

TRX holds above key breakout support with healthy volume and a supportive 200-day MA, keeping the path open toward $0.30–$0.32. Source: Nebraskangooner via X

Technically, as long as TRX stays above this breakout base, the door remains open for more upside towards $0.30 and $0.32. Right now, the 200-day moving average is positioned nicely beneath price, giving it further supportive room. Volume also continues to remain healthy, suggesting that bulls are still in hold of the trend.

TRON Price Prediction Eyes Summer Move Toward $1

After holding trend support for months, TRON may be setting up for something bigger. Analyst Intuit_Trading highlights that both time and price Fibonacci relationships have converged at the current structure. The price recently tapped the ascending trendline and 0.382 fib level, creating the perfect confluence zone for a potential breakout.

TRX sets up for a potential Wave-C extension toward $1 by late summer. Source: Intuit_Trading via X

Wave-B has just completed at the golden 0.618 time ratio, suggesting a Wave-C extension could now be in play. If this setup follows through, TRX could be looking at a structured move toward the $1.00 mark by late summer. This move relies on price holding above $0.27 and reclaiming the $0.30-$0.32 resistance region. For now, the structure looks intact, and fundamentals are helping too.

Final Thoughts

TRON remains steady in both fundamentals and technicals. With strong USDT activity, a supportive price structure, and bullish momentum holding above key zones, TRX continues to defy broader market weakness. If it maintains this pace and reclaims the $0.30 to $0.32 range soon, a summer breakout toward $1 remains on cards.

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Filed under: Bitcoin - @ June 21, 2025 9:18 pm