TRX Price Prediction: Bullish Momentum Builds Amid Positive News

#TRX

• TRX is trading above its 20-day moving average, indicating bullish momentum.
• MACD shows potential for a reversal, despite a slight bearish crossover.
• Positive news around TRON's integration and broader market optimism supports price growth.

TRX Price Prediction

TRX Technical Analysis: Bullish Signals Emerge

TRX is currently trading at $0.2881, above its 20-day moving average of $0.277045, indicating a bullish trend. The MACD shows a slight bearish crossover but remains close to the zero line, suggesting potential for reversal. Bollinger Bands indicate the price is NEAR the upper band, which could signal overbought conditions but also strong upward momentum.

Market Sentiment Boosted by Positive News Flow

Recent news highlights Dogecoin leading a crypto rally, with TRON's integration with Plume Network bringing real-world asset yields to users. This positive sentiment, combined with Optimism around tariff delays and rate cuts, could further support TRX's price.

Factors Influencing TRX’s Price

Dogecoin Leads Crypto Rally on Tariff Delay and Rate Cut Optimism

Dogecoin surged 6% to $0.1738, outpacing major cryptocurrencies as markets cheered a three-week delay in U.S. tariff hikes and growing expectations for Federal Reserve rate cuts. Bitcoin reclaimed $109,000 amid improved risk sentiment, while ethereum and altcoins posted broad-based gains.

Treasury comments and impending inflation data fueled the rally. A soft CPI print Wednesday could cement September rate cut bets, further boosting crypto's appeal as both a risk-on asset and inflation hedge. Institutional players are reportedly rotating into BTC and ETH as macro hedges.

Solana, XRP, and Cardano climbed 2-4%, mirroring moves in traditional markets. The tariff reprieve until August 1 temporarily eased global trade tensions that had weighed on risk assets earlier this week.

Plume Network Integrates SkyLink with TRON to Bring Real-World Asset Yields to Global Users

Plume Network, a blockchain platform specializing in real-world asset finance (RWAfi), has announced a strategic integration with TRON to deploy SkyLink across its ecosystem. This collaboration unlocks cross-chain yield opportunities for TRON's vast user base, which processes some of the highest stablecoin volumes in crypto.

SkyLink's integration enables TRON users to access asset-backed yields from tokenized U.S. Treasuries, private credit, and other institutional-grade financial products issued on Plume. The MOVE marks a significant expansion for TRON, historically dominant in emerging market payments, as it now bridges decentralized finance with traditional yield strategies.

"TRON moves billions in stablecoins daily across global economies," said Plume CEO Chris Yin. The integration leverages TRON's settlement network to democratize access to real-world yields while expanding Plume's reach to one of crypto's most active DeFi communities.

Cheap Cryptos That Could Hit $1 in the Next Bull Run

As the cryptocurrency market gears up for another bull run, investors are scouting for undervalued assets with explosive potential. Mutuum Finance (MUTM) has emerged as a standout, with its fifth presale stage already 60% sold out. The project has raised over $11.8 million and boasts more than 12,700 holders, signaling strong market interest.

While tron (TRX) remains a top altcoin, trading at $0.28, Mutuum Finance is stealing the spotlight as a low-cap contender with the potential to surge past $1. TRON's high-throughput blockchain and dominance in dApps and stablecoin ecosystems keep it relevant, but its short-term path to $1 appears challenging. Meanwhile, Mutuum Finance's rapid presale progress and growing holder base suggest it could outperform in the coming rally.

Is TRX a good investment?

TRX shows promising technical and fundamental indicators. The price is above the 20-day MA, and the MACD suggests potential for upward movement. Positive news flow around TRON's integration with Plume Network and broader crypto market optimism further supports a bullish outlook.