TRON (TRX) Surges 6.7% as Bullish Momentum Targets the $0.30 Resistance

As bullish sentiment continues to sweep across the crypto market, Tron has surged nearly 7% on Tuesday. The extended uptrend now targets a breakout above the $0.30 resistance level.

Tron price is up 6.7% in the past 24 hours as TRX stalls at the $0.2971 resistance.

The RSI and MACD are both showing bullish strength, and a breakout could push the price towards $0.3226.

World Liberty Financial Inc., backed by U.S. President Donald Trump, has announced minting its USD1 stablecoin on the Tron blockchain.

President Trump’s Liberty Token to be Sold as NFTs

The news was shared by Tron founder, Justin Sun, via a recent tweet. According to Sun, the launch of USD1 marks a “giant leap for stablecoins.”

Announcing the minting of the first USD1 on TRON, Sun added that the move is “a small step for USD1.”

The first USD1 has officially been minted on TRON —a small step for USD1, a giant leap for stablecoins!

— H.E. Justin Sun 🍌 (@justinsuntron) June 11, 2025

Notably, Justin Sun is the largest holder of TRUMP Token, the official meme coin associated with President Trump.

Earlier this year, Trump requested a dinner meeting with major Trump Token holders at the same time and place as a dinner for the biggest Bitcoin holders at the White House.

The initiative to create and sell the Trump NFT collection was announced in November 2024, aiming to raise funds for Trump’s 2024 presidential campaign.

The project sold 47,500 units of the Trump NFT collection, priced at $45 each, collecting a total of $2.14 million in 24 hours.

The Trump NFTs included unique images and short video clips of the former president, promising to provide "exclusive access" to the president through a private chat group and a portion of the profits to be donated to a charity focused on veterans.

Tron Price Analysis

On the daily chart, TRX shows a bullish breakout above the intermediate resistance at $0.2860. It is now stalling at the critical $0.2971 resistance level, which was marked by two peaks in December 2024.

As the uptrend continues, the daily RSI line is approaching the overbought zone, indicating strong bullish strength.

Moreover, a recent positive crossover in the MACD and signal lines has triggered a resurgence in bullish histogram bars. These technical indicators support an optimistic outlook for TRX.

A potential breakout above $0.2971 could propel the price towards the 50% Fibonacci level at $0.3226, as there are no significant resistance zones above.

On the downside, critical support remains at $0.2806, followed by the 23.60% Fibonacci level at $0.2643.