TRON (TRX) Shows Strong Buy Pressure: Potential Breakout Above $0.31 on the Horizon
TRON (TRX) is exhibiting a notable shift from sell-side to buy-side dominance, with demand surpassing supply. This bullish trend, highlighted by CryptoQuant’s Buy/Sell Pressure Delta over the past 90 days, suggests a potential upward movement. With solid support above $0.25 and weak resistance between $0.27 and $0.31, TRX could soon test higher price levels. Currently trading at $0.2691, the stage is set for a possible breakout.
TRON (TRX) Shifts to Buy Pressure: Is a Break Above $0.31 Imminent?
TRON (TRX) has transitioned from sell-side dominance to buy-side control, with demand now outstripping supply. CryptoQuant’s Buy/Sell Pressure Delta reveals this shift unfolding over the past 90 days, painting a bullish technical picture.
The asset maintains firm support above $0.25 despite trading 38% below its historical peak. Market structure shows weak resistance between $0.27 and $0.31—a zone that could soon yield to upward momentum.
While rising demand often precedes local tops, TRX’s consolidation suggests accumulation rather than distribution. The next test comes at the $0.31 psychological level, where sustained buying pressure could trigger breakout momentum.
Trump’s Memecoin Dinner Sparks Mixed Reactions Among Crypto Elite
Former U.S. President Donald Trump’s private dinner for top holders of his TRUMP memecoin drew polarized responses from attendees. The May 22 event, billed as "the most exclusive invitation in the world," saw crypto luminaries like Tron founder Justin Sun mingling amidst complaints about catering quality and limited access to the host.
The gathering highlighted the growing intersection of politics and digital assets, with Sun emerging as both the largest TRUMP holder and most controversial participant. Other prominent crypto entrepreneurs attended, though their identities remain undisclosed beyond initial reports.
Tron (TRX) Gains 1.5% as Ruvi AI Emerges as Potential High-Growth Contender
Tron (TRX) climbed 1.5% to $0.272 amid sustained interest in its scalable blockchain infrastructure for decentralized applications. The network’s expanding ecosystem continues to attract both retail and institutional participants.
Market analysts are now highlighting Ruvi AI as a disruptive force in decentralized artificial intelligence. The project’s superapp architecture aims to deliver scalable solutions for global challenges, positioning it as a speculative high-reward opportunity through 2025.