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"TRX Price Prediction: Reversal or Further Decline?"

"TRX Price Prediction: Reversal or Further Decline?"

TRX News
Author:
TRX News
Release Time:
2026-06-13 11:37:12
0
[TRADE_PLUGIN]TRXUSDT,TRXUSDT[/TRADE_PLUGIN]

#TRX

  • TRX price trades below 20-day MA at $0.3168, with MACD signaling weakening bullish momentum.
  • Emirates' crypto adoption drives positive sentiment, offset by BitTorrent bridge shutdown and U.S. government liquidation overhang.
  • Critical support at $0.3005; a hold could trigger a rebound to $0.3373, while a break risks decline to $0.2800.

TRX Price Prediction

TRX Price Breaks Below 20-Day MA: Is the Bull Run Over?

TRX is currently trading at $0.3168, slipping below its 20-day moving average of $0.3373, signaling a short-term bearish shift. According to BTCC financial analyst Robert, 'The MACD reading of +0.0046 shows momentum is fading, but it’s still positive territory.' The Bollinger Bands show the price near the lower band at $0.3005, suggesting TRX is in an oversold zone. Robert adds: 'A bounce from $0.30 could reignite the uptrend, but a break below this level would open the door to further downside.' The upper band at $0.3741 remains the key resistance for any recovery attempt.

TRXUSDT

Mixed Signals: Bullish Adoption vs. Bearish Liquidation

The crypto market is sending conflicting messages for TRX. On the bullish side, Emirates' decision to accept 30+ cryptocurrencies, including TRX, for flight bookings via Crypto.com is a massive adoption win. 'This is a clear vote of confidence for crypto utility,' says BTCC analyst Robert. However, headwinds persist: BitTorrent Chain’s phased shutdown of the BTTC bridge by June 18 creates uncertainty for the Tron ecosystem. Simultaneously, the U.S. government’s continued liquidation of seized FTX and Alameda assets via Coinbase adds supply pressure. Robert notes: 'While the Emirates news is fundamentally bullish, the liquidation overhang tempers near-term sentiment.'

Factors Influencing TRX’s Price

Emirates to Accept 30+ Cryptocurrencies for Flight Bookings via Crypto.com Partnership

Emirates Airlines has taken a decisive step toward cryptocurrency adoption by signing a Memorandum of Understanding with Crypto.com. The agreement, witnessed by Chairman Sheikh Ahmed bin Saeed Al Maktoum, positions Emirates to become the largest airline accepting direct crypto payments by 2026.

The partnership goes beyond token conversions, integrating crypto natively into Emirates' payment systems. Over 30 digital assets will be accepted—including BTC, ETH, and major stablecoins—with transactions secured under enterprise-grade compliance protocols. This contrasts sharply with competitors' third-party liquidation models.

Market observers note the 2026 implementation timeline coincides with projected institutional crypto adoption cycles. The move signals confidence in blockchain settlement efficiency for high-volume industries, particularly as travel demand surges post-2025.

BitTorrent Chain Initiates Phased Shutdown of BTTC Bridge, Sets June 18 Deadline for Token Migrations

The BitTorrent Chain team has activated contingency protocols for its cross-chain bridge, marking June 13 as the cutoff for deposits and June 18 for withdrawals. This strategic withdrawal from bridge services follows a risk assessment of the gateway infrastructure—though notably, the underlying blockchain continues operating at full capacity, including staking mechanisms.

TRX_e and TRX_b token holders face immediate operational pressure. These mapped assets must revert to native chains before the deadline expires, as the bridge will cease processing transactions irreversibly. The narrow five-day window underscores the project's shift toward minimizing cross-chain exposure while maintaining core chain functionality.

Market observers note the shutdown reflects broader industry trends toward self-custody solutions after the 2022 bridge exploit epidemic. BitTorrent's measured approach—providing advance notice but enforcing strict deadlines—mirrors Ethereum's early infrastructure sunsetting strategies during its Proof-of-Work transition.

U.S. Government Continues Liquidation of Seized FTX and Alameda Assets via Coinbase

The U.S. government has transferred another $984,000 worth of seized FTX and Alameda-linked cryptocurrencies to Coinbase. The latest batch included Chainlink (LINK), Aave (AAVE), Chiliz (CHZ), and Balancer (BAL). Earlier the same day, 98,591 LINK tokens valued at $768,000 were moved from the same wallet cluster.

Government-linked wallets have been actively offloading assets for weeks. On May 29, approximately $800,000 in Bitcoin (BTC), Basic Attention Token (BAT), Yearn Finance (YFI), and 0x (ZRX) were transferred to new wallets and Coinbase. Two days prior, $1.9 million in tokens—including Uniswap (UNI), Render (RNDR), The Sandbox (SAND), Mask Network (MASK), Axie Infinity (AXS), and ApeCoin (APE)—plus $2.656 million in DAI stablecoin were sent to the exchange.

The Department of Justice began liquidating FTX's seized portfolio in November 2025, with activity intensifying well before May 2026. A December 2025 transaction involved 1,934 WETH ($6.43 million) and $13.58 million in BUSD. The sell-off reflects ongoing efforts to monetize assets tied to the collapsed crypto entities.

How High Will TRX Price Go?

Based on current technicals and news, TRX’s upside potential remains capped near-term. The key support at $0.3005 must hold to avoid a slide to $0.2800. If buyers step in, a rebound toward the 20-day MA at $0.3373 is likely, with resistance at $0.3741. The table below summarizes the critical levels:

ScenarioPrice TargetProbability
Bullish breakout (above $0.3741)$0.420025%
Base case (range-bound between $0.30 and $0.34)$0.316850%
Bearish breakdown (below $0.3005)$0.280025%

BTCC analyst Robert concludes: 'Near-term, the path of least resistance is sideways to slightly down, but the underlying adoption narrative supports a bullish medium-term outlook.'

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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