- Tron rises 1% on reverse merger news with Nasdaq-listed SRM.
- SRM will invest up to $210M to buy TRON tokens, rename as Tron Inc., appoint Justin Sun as adviser, and prepare for a public listing.
- TRX block reduction and stablecoin dominance also favor bullish outlook.
- TRX/USD stays strong above 50-day SMA, but faces tough resistance between $0.2960 and $0.3060.
Tron (TRX/USD) rose above one percent to $0.2770 during Tuesday’s European session as bulls welcomed hopes of a public listing through the TRON-SRM deal. Although the news broke late Monday, it didn’t get much attention at first, with the price pulling back from the $0.2960–$0.3060 resistance zone but holding Friday’s rebound above the 50-day Simple Moving Average (SMA). Alongside the Financial Times (FT) and Reuters reports, factors like TRX block reduction and stablecoin dominance also support the possibility of TRX/USD making another push to break through this key resistance.
According to Reuters, Nasdaq-listed SRM Entertainment will use a $100 million private equity investment—allegedly from Eric Trump—valued at $210 million if warrants are exercised, to buy Tron’s cryptocurrency. SRM will be renamed Tron Inc., with Justin Sun joining as an adviser.
The Financial Times offers more details while stating that the funds will be injected by Tron itself and that Tron plans to go public in the U.S. through a reverse merger with SRM.
The SRM-TRON deal was arranged by New York-based boutique bank Dominari Securities, which has Donald Trump’s sons, Don Jr. and Eric, on its board. This has sparked speculation about Eric Trump potentially leading Tron Inc.
TRX/USD is rising for the fourth month in a row, gaining over 8% in 2025 so far, supported by its stablecoin dominance and recent block reduction.
TRON analyst Leila (@chimpnzee) tweeted that Tron handles 92% of USDT transactions, with $15 billion minted in 2025 alone. The crypto analyst also highlighted recent votes to cut block rewards by 50% (from 16 to 8 TRX) and voting rewards by 20% (from 160 to 128 TRX). According to Leila, these changes will increase annual deflation from 0.85% to 1.29%.
Elsewhere, the market’s recent preference to the altcoins also underpins bullish bias surrounding TRX/USD as it approaches the key technical resistance zone.
Technical Analysis
The TRX/USD pair’s sustained trading above the 50-day SMA, along with a 14-day Relative Strength Index (RSI) holding above 50.0 and bullish signals from the Moving Average Convergence and Divergence (MACD) indicator, reinforces the recent upside bias.
TRX/USD: Daily chart bolsters bullish bias
Source: Tradingview
With this setup, Tron buyers are likely to attempt another breakout above the six-month-old horizontal resistance zone at $0.2960–$0.3060. A daily close above $0.3060 could open the door to further gains, with the next hurdles at $0.3370 and $0.3400, before targeting the late-2024 record high near $0.4500.
On the downside, TRX/USD bulls may not worry much if the price dips below the 50-day SMA support at $0.2683, as the 100-day and 200-day SMAs converge around $0.2520–$0.2530, offering strong support.
However, if bears manage to break below the $0.2520 confluence and the psychological $0.2500 level, further declines could target the lows from April, March, and February—around $0.2200, $0.2100, and $0.2000, respectively.
Conclusion
Tron has been climbing steadily since March, with bullish momentum now reinforced by the SRM reverse merger news, strong USDT dominance, and deflationary tokenomics. With key resistance in sight, TRX looks poised to challenge its all-time high—provided bulls can clear the $0.3060 barrier.
