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The TRON price climbed 2% in the last 24 hours to trade at $0.2768 as of 4:12 a.m. EST on trading volume that skyrocketed 475% to $16 billion.
This uptick in the TRX price comes as Donald Trump’s ally Justin Sun’s crypto company is set to go public through a reverse merger with SRM Entertainment, a manufacturer of custom toys and souvenirs for the world’s largest theme parks.
Following the merger, Nasdaq-listed SRM Entertainment stock has increased by 533% in the last 24 hours. All this happened after the US stopped its probe against Sun on allegations of selling unregistered securities and market manipulation.
So, how will TRX’s price react to these new developments?
TRON Price In A Rising Channel: A Bullish Continuation Or Reversal Looms
The TRX price on the daily chart has been trading within a rising channel pattern. This structure indicates a steady bullish trend with higher highs and higher lows.
The TRON price has consistently respected both bounds of the channel, oscillating between them over the past several months.
TRX is trading near the mid-to-upper region of the channel, suggesting a possible retest of the upper resistance zone. The TRON price has bounced from the lower trendline recently, which signals ongoing bullish momentum.
Meanwhile, the price of TRX is currently trading above both the 50-day Simple Moving Average (SMA) ($0.2679) and the 200-day SMA ($0.2522), as GeckoTerminal data shows.
Moreover, the Relative Strength Index (RSI) stands at 52.96, reflecting a neutral stance. This position suggests the asset is neither overbought nor oversold and still has room to move in either direction.
A clean breakout above the rising resistance around $0.29 could propel the price toward $0.34, representing a 21.70% gain.
On the flip side, if TRX gets rejected at the upper boundary, a pullback toward the channel’s lower edge, near $0.24, becomes plausible, a 14% decline.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER is one of the best crypto ICOs to buy now.
Bitcoin Hyper Presale Closes On The $2 Million Mark – Next 100X Crypto?
The Bitcoin Hyper presale continues to gain traction in the crypto space, with investors rapidly accumulating the HYPER token. Over $1.34 million has been raised since the presale began, reflecting strong demand.
The Bitcoin Hyper project aims to address scalability challenges in Bitcoin, enhancing its usability. By leveraging the high-speed infrastructure of Solana, it transforms BTC into a fee-efficient, practical payment method for daily use and global commerce.
The magic happens through the Solana Virtual Machine (SVM). This is the same engine that powers Solana’s lightning-fast transactions and low fees.
Simple steps to keep your funds safe and your wallet protected. 🛡️
Keeping your crypto secure starts with a few non-negotiable habits. Whether you’re new to the space or not, these are the basics every user should follow:
1️⃣ Never share your private key
This is the master key… pic.twitter.com/gKdTtPuDHT— Best Wallet (@BestWalletHQ) June 5, 2025
Meanwhile, BTC payments on the Bitcoin Hyper platform settle instantly with low fees, making them ideal for micropayments and global transactions.
For investors seeking a secure platform, this may be the perfect project, as it utilizes a Canonical Bridge that supports layer-2 speed and cost efficiency.
The project is also offering investors an impressive 563% annual percentage yield (APY) for purchasing and staking the tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.011925 each using crypto or a bank card.
Buy before the next price increase in about 33 hours.
Visit the Bitcoin Hyper Token website.
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