TRON Price Rangebound Ahead of DeFi Boom
TRON's price has been trading within a range of $0.322 and $0.375, with support at $0.322 and resistance at the wedge's upper boundary.
The cryptocurrency is on an upward trendline that has held every pullback since its 2024 breakout, indicating a strong potential for growth.
TRON's DeFi ecosystem is seeing significant adoption, with a total value locked of $5.18 billion and active addresses nearly double those of Binance Smart Chain (BSC), signaling positive prospects for the token in both crypto and DeFi markets.
If TRX holds above $0.322 and breaks above $0.351, it may target $0.375 by September 2026. However, a daily close below $0.322 could send the price toward $0.314.