Tron(TRX) News: Potential Rally Ahead with Dominant Altcoin Transactions and Expanding DeFi Ecosystem

Tron (TRX) has been making significant strides in the cryptocurrency market, leading altcoin transactions and showing resilience despite market volatility. Here’s a closer look at the key developments and future projections for Tron.

TRON Dominates Altcoin Transactions, Massive Rally Ahead?

TRON (TRX) rebounded quickly from $0.22, showing resilience amid market volatility. It leads altcoin transactions with a 41.6% market share, driven by USDT transfers and DeFi growth. Projections indicate a potential upside of +444%, with the price reaching $1.11. TRON’s expanding DeFi ecosystem and increasing institutional interest strengthen its long-term potential.

TRON Fluctuates between $0.2320 and $0.2230

TRX, the native token of TRON, is currently range-bound with a resistance level of $0.2320 and a support level of $0.2230. Both RSI and MACD indicators corroborate this range-bound behavior. At 11:35 UTC, a converging trendline broke out to the downside, but the downtrend did not sustain. The market remains range-bound until a clear trend emerges above the resistance or below the support level.

SEC Drops TRON And Robinhood Investigation, Signaling Regulatory Shift

The US Securities and Exchange Commission (SEC) is deliberating its case against TRON founder Justin Sun to find a middle ground that benefits both parties and the public. The case, filed in March 2023, accused Sun of illegally distributing Tronix (TRX) and BitTorrent (BTT) while inflating the TRX trading volume. On 26 February 2025, attorneys for Sun and the SEC requested a 60-day pause in the case. The SEC has just agreed to pause the Tron Foundation lawsuit and is asking the judge for 60 days to resolve it. The lawsuit involved allegations of sale of unregistered securities, fraud (market manipulation), and illegal payments.