TRON’s TRX Surges Nearly 5%, Overtakes Ethereum in USDT Circulation Amid Easing Trade Tensions
Bullish momentum is gaining traction in the crypto market as TRON’s native token, TRX, hits a key milestone and benefits from improving global trade relations.
Over the past 24 hours, TRX rallied 4.8%, climbing from $0.264 to a high of $0.276 before experiencing a slight pullback. This price action coincides with TRON surpassing Ethereum to become the blockchain with the largest USDT stablecoin circulation — $73.8 billion on TRON’s network versus Ethereum’s $71.9 billion.
The market’s upbeat mood has been supported by the White House’s announcement of a new U.S.-China trade agreement, signaling a potential de-escalation in longstanding trade tensions. At the same time, institutional adoption of digital assets continues to build steam, exemplified by Coinbase’s recent inclusion in the S&P 500 index, marking a step toward mainstream acceptance.
Technical Overview
- TRX’s price moved from $0.264 to $0.276, marking a 4.8% gain with above-average trading volume during key breakout periods.
- Strong buying interest established a solid support level around $0.265 during midday and evening trading sessions.
- Resistance formed near $0.275, where TRX consolidated before pulling back slightly.
- The token showed consistent higher lows throughout, indicating sustained bullish pressure.
- In the final hour, TRX peaked at $0.276 before pulling back about 0.9% to $0.273 amid heavy selling volume of 11.8 million tokens.
- A new support zone settled near $0.274, with several unsuccessful attempts to push back above $0.275.
- Recent price movement suggests consolidation in the $0.273–$0.274 range, accompanied by moderate buying near session lows.
As TRON solidifies its position in the stablecoin ecosystem and macro conditions improve, market watchers will be eyeing whether TRX can maintain its momentum and challenge new highs in the near term.
