Good morning everyone, I have been closely monitoring the crypto market, especially the movements of the Tron (TRX) network, for the past few days. Looking at the charts, it may seem that the market is a bit sluggish, but after digging a little into what is happening in the background, I found some interesting information. I felt the need to share it with you.

Src

Basically, Justin Sun and the tTronteam have been quite active lately. But the question is, why is it not reflected in the price of TRX after all this development? Let's take a closer look.

$8 million in new investments and ecosystem expansion

The first thing that caught my eye in my research was a huge strategic move by Justin Sun. I heard that he has invested about $8 million in 'Riverdot Inc.'

Now, the question may arise, what will Riverdot actually do? Simply put, they are bringing 'status' to the Tron network. As a result, users will be able to mint this token at a 1:1 ratio with assets like usdt or USDD. The biggest thing is that this system will be directly connected to Tron's existing platforms—such as JustLend or SUN.io. It seems to me that this will play a big role in increasing liquidity or money flow in the Tron ecosystem. Not only investments, but I have also found two other big pieces of news for Tron network users.

1. WalletConnect Integration: Tron is now officially supporting WalletConnect. This means that over 600 wallets and over 70,000 decentralized apps (dApps) can now easily connect to the Tron network. I believe this will bring huge benefits to users in terms of gaming, NFTs, or payments.

2. Partnership with Blockaid: We all worry about security. Tron DAO (TRX DAO) recently joined the on-chain security platform Blockaid. It will scan transactions in real-time and detect any threats or risks in advance. Such a security system was really necessary to handle such a huge volume of transactions.

Src

After all this good news, I naturally expected to see a big jump in the price of TRX. But looking at the technical charts or TradingView, I was a little surprised. The price of TRX has been moving within a certain range for the past week. I noticed that the price made an attempt to go to the $0.31 zone, but was rejected from there and fell about 4%. It is currently stable around $0.29 to $0.30.

Looking at the indicators, I saw that the RSI is now neutral and the MACD is flat. As a trader, I feel that the market is now in "Wait and See" mode. That is, the price is consolidating or accumulating strength before a major movement.

All in all, the situation is quite intriguing. On the one hand, Tron is strengthening their infrastructure, increasing payments and security; on the other hand, the price action is still quiet. Usually, when fundamental news is strong, it takes a while for it to have an impact on the price. Now it remains to be seen whether TRX can break this range and move higher. I am keeping a close eye on the chart and will definitely update again if I see a breakout.