TRON price dips after spike to $0.26: is TRX poised for new losses?

The cryptocurrency market continues to exhibit volatility, with TRON (TRX) down 4% after recently capturing attention with a notable spike to near $0.26. TRX has pared gains as top coins also look to retain positive movements at key levels. If profit-taking falls, downside pressure on the price of Tron could decrease significantly. While Bitcoin and […] The post TRON price dips after spike to $0.26: is TRX poised for new losses? appeared first on CoinJournal.

Apr 15, 2025 - 15:39
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TRON price dips after spike to $0.26: is TRX poised for new losses?
  • The cryptocurrency market continues to exhibit volatility, with TRON (TRX) down 4% after recently capturing attention with a notable spike to near $0.26.
  • TRX has pared gains as top coins also look to retain positive movements at key levels.
  • If profit-taking falls, downside pressure on the price of Tron could decrease significantly.

While Bitcoin and Ethereum hold above $85k and $1.6k, respectively, TRON (TRX) is trading at approximately $0.24.

In the last 24 hours, the price of Tron has dropped more than 4%, trimming weekly gains to 7% and reflecting short-term profit taking.

The downturn in the past day follows the surge to near $0.26.

What this pullback means is that the TRON price is at risk of new losses.

However, trading volume has dropped significantly, down 25% to $588 million, indicating a possible fall in sell-side pressure.

If profit-taking falls, downside pressure on the price of Tron could decrease significantly to allow buyers to target new gains.

Tron price prediction: what’s next for TRX?

TRON’s price outlook could hinge on what happens across risk assets.

Currently, it remains within a broad channel going back to December 2024.

TRX chart by TradingView

 

CoinGlass data highlights active derivatives trading, with high trading volume suggesting both bullish interest and potential distribution.

However, the daily volume’s dip and decreased open interest at -16% with $225 million paints a picture of mixed sentiment.

If TRX revisits support levels, short-term primary targets will be around $0.23–$0.225.

Nonetheless, any correction might present a buying opportunity for investors eyeing TRX’s broader potential in the evolving blockchain space.

AI-powered analytics platform Nansen has also recently pinpointed TronDAO’s growth.

“Over the last 6 months, Tron has been regularly clocking in 7M–9M daily transactions. That’s not just healthy — it remains one of the more active networks in terms of transaction throughput,” Nansen posted.

Tron founder Justin Sun also recently hinted at the new pace of growth, noting in a post on X that this could drive adoption.

Crypto market outlook

The broader crypto market remains dynamic.

Analysts at QCP Capital see a bullish long-term flip.

“BTC has adopted a wait-and-see approach, consolidating within the $80k-$90k range. Near-term flows still show a bias towards downside protection, but further out, sentiment is turning bullish — highlighted by aggressive buying of $BTC 100k calls expiring in March 2026,” they shared via X.

This optimism, coupled with TRON’s ecosystem growth, with billions in stablecoin transactions and hundreds of millions of users, could help TRX push higher.

What investors are likely to watch is the overall market sentiment.

If it remains cautious, with potential corrections in between, sell-off pressure might hinder bulls.

The post TRON price dips after spike to $0.26: is TRX poised for new losses? appeared first on CoinJournal.