TRON (TRX) Poised for Major Breakout Following BNB’s $1,200 Surge - Market Momentum Shifts Toward Established Layer-1 Protocols
The cryptocurrency market witnessed a significant milestone as BNB surged to $1,191 following Changpeng Zhao's endorsement of Coinbase's listing decision, highlighting the growing institutional acceptance of major blockchain tokens. This development signals a broader market trend where established Layer-1 protocols like TRON (TRX) are gaining increased attention from both exchanges and investors. The former Binance CEO's characterization of the BNB listing as a "no-brainer" underscores the fundamental strength of tokens with substantial liquidity and market capitalization, criteria that TRON comfortably meets as one of the leading blockchain platforms. Technical indicators currently show neutral momentum across the market, suggesting traders are awaiting fresh catalysts that could propel the next wave of growth. For TRON, this presents a prime opportunity to capitalize on the shifting market dynamics, particularly given its strong positioning in the decentralized applications space and growing institutional recognition. The stabilization of BNB near $1,181 after its brief touch of $1,191 demonstrates the sustainable momentum building around quality blockchain projects, a trend that bodes well for TRON's future price action. As major exchanges continue to expand their token offerings, the pathway for TRX to achieve similar recognition and price appreciation becomes increasingly clear, potentially mirroring BNB's successful trajectory in the evolving cryptocurrency landscape.
BNB Price Nears $1,200 as CZ Reacts to Coinbase Listing
BNB price surged to $1,191 following Changpeng Zhao's endorsement of Coinbase's decision to list the token. The former Binance CEO called the move a "no-brainer," citing BNB's liquidity and market position as the third-largest cryptocurrency by capitalization.
The token briefly touched $1,191 before stabilizing NEAR $1,181, with technical indicators showing neutral momentum. Traders appear to be awaiting further catalysts from the upcoming Coinbase listing, which sparked a 0.5% price bump within an hour of Zhao's comments.
Industry figures including Tron founder Justin Sun and Kraken exchange publicly supported the listing. BNB's $164.9 billion market cap now trails only Bitcoin and ethereum among non-stablecoin cryptocurrencies.
Tron TRX Price Holds $0.32 Support, Bulls Target $0.35 Next
Tron's TRX price has rebounded 1.12% to $0.322, defying a weekly decline of 5.07% and monthly drop of 6.93%. Oversold RSI conditions and bullish futures CVD data suggest a technical recovery. The SRM merger, granting Tron a Nasdaq listing, has injected institutional confidence.
As the dominant stablecoin settlement chain, TRON hosts over $80 billion USDT and processed $15.6 trillion in transfers last quarter. Liquidity remains strong at the $0.31-$0.32 support zone, with RSI now at 39.16—exiting oversold territory.
Bitcoin’s Dip Below $110,000 Triggers $524M Crypto Liquidation Wave
Bitcoin's sudden plunge below $110,000 sparked a cascade of liquidations across cryptocurrency markets, with Leveraged positions worth $524 million wiped out in Thursday's sell-off. The leading digital asset briefly touched $109,800 before recovering to $110,418, down 1.3% on the day.
Ethereum mirrored the downturn, falling 1.8% to hover near $4,000. Major altcoins suffered steeper losses—XRP dropped 4% to $2.40, while Solana and Cardano slid 4.9% and 3.5% respectively. Only Tron defied the trend with a 1.2% gain.
Options markets flashed warning signs as traders piled into bearish bets, anticipating further downside. The total crypto market cap contracted 3.1% to $3.85 trillion, with SynFutures COO Wenny Cai noting 'risk-off sentiment driving liquidity rotations into Bitcoin and stablecoins.'
