|

Tron Foundation reveals secret project, Atlas in the wake of TVM launch: TRX/USD testing July lows

  • Project Atlas, according to “will allow TRON to surpass Ethereum on daily transactions and become the most influential public blockchain in the world.”
  • Tron price is still walloping in selling pressure. Besides, it is currently testing July lows at $0.0311 after breaking below June Lows at $0.033.

For some time now, Tron Foundation and the founder of Tron, Justin Sun have been teasing the community with a project that came to be known as the “Tron secret project.” However, during the launch of Tron Virtual Machine (TVM) on July 31, Justin Sun promised to reveal the identity of the project and also shade some light on it. Consequently, Sun announced on Twitter today that the secret project is called Atlas.

Project Atlas, according to Sun “will allow TRON to surpass Ethereum on daily transactions and become the most influential public blockchain in the world.”

The project is being developed to integrate Tron platform and the recently acquired BitTorrent. The Tron management is currently involved in the development of the Project Atlas to ensure that all the first computing, as well as the updated blueprint, are accomplished in the first 3 months before the announcement is made. More details on the working of the project and even the official launch date are going to be released before the end of this month.

Project Atlas will be very instrumental in the future of BitTorrent. For instance, it will be used to make BitTorrent feature of being a free peer-to-peer service platform event better. In addition to that, Tron intends to introduce rewards for users using the platform to seed torrents that contribute towards the growth of the torrenting ecology.

Tron price analysis

Tron price is still walloping in selling pressure. Besides, it is currently testing July lows at $0.0311 after breaking below June Lows at $0.033. The descending trendline is currently limiting upward movement at $0.0320. It is important that buyers put their best foot forward to avoid a drop below the lows of July. Otherwise, TRX/USD is on the verge of another break down to the area at $0.030.

The trend I strongly bearish, similarly, both the stochastic and the Relative Strength (RSI) is almost into the oversold region to show that the sellers are in control. A support above $0.31 will be in favor of the buyers. A trend reversal will, however, be limited at $0.032 (trendline resistance) and the key resistance at $0.333. But trading above $0.034 could see a spike towards $0.036 in the medium-term.

TRX/USD hourly chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

World Liberty Financial recovers as community votes to unlock treasury funds for USD1 adoption

World Liberty Financial recovers over 3% on Friday, holding ground at a key support trendline. Community begins voting to unlock roughly 5% WLFI treasury funds to incentivize USD1 stablecoin adoption.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.