Justin Sun Makes Waves: TRX Overtakes ADA in Market Cap After Nasdaq Bell-Ringing Spectacle

Justin Sun just turned Wall Street into his personal stage—ringing the Nasdaq opening bell as Tron's TRX flipped Cardano's ADA in a market cap showdown. The crypto showman knows how to work a crowd.

TRX surges past ADA—proof that in crypto, marketing muscle often beats technical purity. Meanwhile, traditional finance bros clutch their pearls.

Sun's Nasdaq moment marks another calculated power play. The man who turned 'attention economics' into a bloodsport just gave TRX its Wall Street close-up—while ADA holders scramble to explain how 'peer-reviewed research' lost to meme-friendly momentum.

Let's be real: in a market where dog coins moon and VCs dump on retail, maybe Sun's circus act is the honest scam we deserve. The ticker tape hasn't even settled, and TRX is already the crypto equivalent of a viral TikTok stock.

TRX price technical analysis

TRX price recently attempted a breakout from the ascending channel it’s been trading within since mid-March, reaching an intraday high NEAR $0.34 before quickly pulling back into the channel. The move above the channel’s upper boundary appeared promising at first, as TRX price extended its multi-month uptrend and remained well above the 20-day EMA throughout July.

This EMA now serves as dynamic support, containing the recent pullback from the $0.34 peak. The price is currently hovering just above it, around $0.31. Moreover, the price remains in the upper region of the channel, which increases the likelihood of another breakout attempt.

If support holds between $0.30 and $0.28 — the EMA and channel midpoint — TRX price could base for another breakout attempt. A confirmed close above $0.34 WOULD be needed to validate a fresh leg higher, with an upside target around the psychological $0.40 mark. However, a close below $0.30 would increase the likelihood of continued consolidation within the ascending channel.