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TRON price spikes due to stolen funds swapping, then corrects amid bearish trend.

Technical Signals
03 Nov 2026, 00:00 WIB
AMBCrypto
View Source
Neutral
TRON price spikes due to stolen funds swapping, then corrects amid bearish trend.

TRON (TRX) prices surged from $0.328 to $0.365 on October 29 as attackers swapped stolen USDT from Binance wallets into TRX to avoid freezing by Tether. This artificial demand caused a $234 million USDT to TRX swap at a premium price, pushing TRX up quickly. However, the price reversed after hitting a key technical resistance level, entering a bearish market structure with potential further declines to $0.30 or $0.27. A short-term bounce to around $0.33 is possible, but investors should be cautious of the ongoing downtrend.

Following the recent volatility in TRON triggered by a large USDT-to-TRX swap, TRX continues to show modest strength on Pluang. As of November 3, 2026, 05:21 WIB, TRX trades at Rp5.794 with a 1.10% gain over the past day. Market activity leans more towards buying, with 62% of orders on Pluang favoring purchases, and typical holders keep their TRX for about 76 days, indicating a moderate-term interest despite recent price swings.

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