On January 9, 2025, Justin Sun, founder of Tron, announced via Twitter that groundbreaking AI technology will be developed on both the Tron and Steemit platforms. This announcement comes at a time when Tron (TRX) is trading at $0.12, with a 24-hour trading volume of $1.15 billion, according to data from CoinMarketCap at 10:00 AM UTC. This price marks a 5% increase from the previous day's low of $0.114, reflecting positive market sentiment possibly spurred by the announcement.

Traders are keenly observing the TRX/USD pair, which has shown increased volatility following the announcement. The Relative Strength Index (RSI) for TRX has climbed to 68, nearing the overbought territory, indicating that traders might anticipate a short-term correction if the excitement wanes. Meanwhile, the Moving Average Convergence Divergence (MACD) indicates a bullish crossover, suggesting a potential upward trend continuation. Volume analysis shows heightened activity with a 20% increase in trading volume over the past 24 hours, signaling strong market interest.

In terms of market depth, the order book on Binance for TRX shows significant buy support at $0.115 and resistance at $0.13. These levels are crucial for traders looking to capitalize on short-term price movements. On-chain metrics from Glassnode reveal a 15% increase in TRX active addresses over the last 48 hours, indicating increased user engagement potentially linked to the AI development news. Additionally, the TRX/ETH pair has gained 3% over the past day, suggesting that the news is positively impacting related trading pairs as well. Overall, traders should monitor these technical indicators and volume data closely as the market reacts to this development.