TRX Price Analysis: Neutral Momentum, Breakout Potential

TRON (TRX) price currently trades around $0.28, demonstrating stability in a neutral market environment. Open interest hovers at $239.99 million while futures volume remains steady between $180-$200 million, indicating a lack of strong directional momentum. Technical analysis suggests TRX may retest the resistance level between $0.305 and $0.325 before breaking out to reach $0.35-$0.37. However, failure to achieve a breakthrough could lead to a decline towards $0.26, with deeper support close to $0.24-$0.25. The circulating supply of approximately 94.68 billion TRX plays a crucial role in price behavior, requiring strong demand for sustained upward momentum.