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TRON’s price briefly surged past a key resistance level before retracing due to Bitcoin’s sharp decline. Despite the pullback, on-chain metrics and trading activity suggest long-term bullish potential for the altcoin. The announcement of a USD1 stablecoin and a staked TRX ETF application further bolster TRON’s resilience.
- TRON briefly broke past $0.274 resistance but retraced due to Bitcoin's drop, testing support near $0.267.
- On-chain metrics like the Sharpe Ratio (8.36) and daily active addresses signal resilience and bullish potential.
- Key developments include the USD1 stablecoin launch and a staked TRX ETF application, boosting institutional adoption prospects.
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