Tron Price Prediction – TRX Eyes $0.30 After Reverse Merger Deal

Highlights:

• Tron has breached the $0.274 resistance and holding above it intraday 
• Rising bullish sentiment puts $0.30 in focus
• Tron’s positioning in institutional circles could push such a rally in the short term 

Tron (TRX) is one of the few cryptocurrencies on the market today. That’s on a day when the market is quiet, with Bitcoin showing little price change. Tron was trading at $0.277 when going to press, up by 2.12% in the day. Tron’s trading volumes are also rising by 274.76% in the day, to stand at $1.53 billion. The strong showing that Tron is making today has a lot to do with the news that Tron is going public in the US via a reverse merger.

Advertisement

TRON In a Reverse Merger Deal with SRM Entertainment

Under the deal, TRON is going public through a reverse merger with SRM Entertainment. Under the agreement, SRM Entertainment will add Tron tokens to its treasury, akin to what Strategy has done with Bitcoin, making it part of its balance sheet. The deal’s specifics are that SRM Entertainment will add $210 million worth of Tron to its balance sheet, in a deal arranged by Dominari Securities, an entity linked to US President Donald Trump.

Tron is preparing to list on Nasdaq just four months after the SEC closed it's investigation into founder Justin Sun.

According to reports, Tron will merge with SRM Entertainment via a reverse takeover (RTO) arranged by investment bank Dominari Securities. pic.twitter.com/NCOLi1jJEc

— Nomy (@NomyFinance) June 16, 2025

This is a big deal for two reasons. First, it means Tron joins Ethereum and Bitcoin as cryptocurrencies that institutions believe are worth adding to their balance sheets. It means they see a future in Tron, which will likely inspire investors to get into Tron more confidently.

There is also the fact that the deal involves a company linked to Trump. This means Tron has approval at the highest levels in the US, a factor that could see the level of institutional and retail investments shoot up over time. The excitement the deal has elicited so far indicates that investors see Tron as a cryptocurrency that could do well in the future.

Tron Founder’s Strategic Moves Inspire Investor Confidence In TRX

Investor confidence in Tron could also be driven by the fact that it has a founder who is constantly looking for ways to drive it further and improve it.

For instance, in late 2024, Justin Sun, Tron’s founder, was one of the early investors in Donald Trump’s World Liberty Finance. This move saw Tron become one of the top performers in the cryptocurrency rally that followed in December 2024. This time, Justin Sun is positioning Tron in the emerging trend where institutions include cryptocurrencies in their balance sheets. Such a move points to a forward-thinking leader and could draw investors looking for altcoins that offer sustainable long-term growth. 

We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let's go! pic.twitter.com/cISTsVYP1f

— H.E. Justin Sun 🍌 (@justinsuntron) November 25, 2024

Broader Market Favors a TRON Rally

Tron also stands to benefit from the macro environment’s increasingly bullish outlook. The market appears to have recovered well after the recent geopolitical scare in the Middle East. The fact that the market did not crash hints at an increasingly long-term view amongst investors. With Tron’s current positioning in the market, rising confidence in cryptocurrencies as an asset class could see its value go up over time.

Bitcoin continues its recovery.. above $108k pic.twitter.com/rv45MFQsOq

— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 16, 2025

Technical Analysis – TRX Price Trending Towards Resistance After Breakout

From the charts, Tron consolidated between the $0.274 resistance and $0.267 support for the better part of the weekend. However, yesterday, June 16, a breakout saw Tron rally to the $0.298 weekly resistance.

While the move was quickly rejected, Tron is still trading above $0.274, now support, a signal that bulls are still in control. If bulls take control with high volumes, then a retest and a possible rally through the $0.298 resistance is likely. On the other hand, if bulls lose momentum, Tron could consolidate around the $0.274 area in the short term. With all the bullish factors around Tron, a rally to $0.298 seems more likely in the short term.

Advertisement