TRON (TRX) Struggles to Hold Key Support Amid Bearish Market Signals

TRON's native token TRX is currently facing significant downward pressure, hovering NEAR a critical support level at $0.26. The cryptocurrency's failed attempt to break above the $0.2971 resistance has left bulls defending the 23.60% Fibonacci retracement level at $0.2634. Bearish derivatives data and mounting liquidations are threatening to push prices further down toward $0.24. Technical indicators are painting a concerning picture, with consecutive long-wick rejections signaling persistent selling pressure. The MACD's descent further underscores the weakening momentum. As of June 19, 2025, market sentiment remains sour, and TRX's ability to hold its current support levels will be crucial in determining its near-term trajectory.

TRON (TRX) Faces Downward Pressure as Market Sentiment Sours

TRON's native token TRX teeters near critical support at $0.26 as bearish derivatives data and mounting liquidations threaten to push prices toward $0.24. The failed breakout attempt above $0.2971 resistance now sees bulls defending the 23.60% Fibonacci retracement level at $0.2634.

Technical indicators paint a concerning picture: consecutive long-wick rejections signal persistent selling pressure, while the MACD's descent toward zero coincides with RSI's loss of bullish momentum. A breakdown below the May trendline could accelerate losses, with the 23.60% Fib level serving as the last bastion for TRX holders.

Utility-Focused Tokens Like Ruvi AI Challenge Tron's Dominance as Bull Run Looms

As the cryptocurrency market prepares for its next bullish phase, analysts are pivoting toward projects with tangible utility and scalability. Tron (TRX), long a leader in decentralized applications, now faces competition from Ruvi AI (RUVI), which combines blockchain and artificial intelligence to target sectors ranging from marketing to finance.

Ruvi AI's presale strategy amplifies its appeal. Phase 2 offers tokens at $0.015, with a guaranteed rise to $0.07 by the presale's conclusion—a 5x return before exchange listings. Projections suggest a post-listing valuation of $1, potentially delivering a 13,100% ROI for early investors. This structured growth contrasts with Tron's broader but less concentrated ecosystem.

The presale's momentum underscores market confidence in Ruvi AI's hybrid technology. While TRON retains strength in content-sharing applications, the demand for AI-integrated blockchain solutions may redefine leadership in the coming rally.

Iran’s Nobitex Exchange Loses $81 Million in Pro-Israel Cyberattack

Iran’s largest cryptocurrency exchange, Nobitex, suffered a devastating cyberattack resulting in the loss of over $81 million. The breach, attributed to pro-Israel hackers using vanity wallet addresses, marks one of the most significant crypto thefts in recent months. The hacker group "Gonjeshke Darande" claimed responsibility, threatening to release the exchange’s source code within 24 hours.

The stolen funds spanned multiple blockchain networks, including Bitcoin (BTC), ethereum (ETH), XRP, Dogecoin (DOGE), Solana (SOL), TRON (TRX), and Toncoin. Blockchain investigator ZachXBT first exposed the breach on June 16, 2025, tracing the movement of $81.7 million from Nobitex’s hot wallets across TRON and Ethereum-compatible chains.

In response, Iran’s Central Bank imposed restrictions on crypto exchange operating hours, limiting them to 10 AM–9 PM. The same hacker group had previously targeted Iran’s state-owned Bank Sepah earlier in the week, escalating tensions in the region.