TRON Rises 5% Amid Surging Stablecoin Use: Can TRX Break Above $0.255?

The broader cryptocurrency market experienced a sharp rebound following U.S. President Donald Trump’s 90-day pause on “reciprocal tariffs” and a reduction in tariff rates to 10% for non-retaliatory countries.

The move triggered bullish ripples through the market, propelling total crypto market capitalization to $2.6 trillion for the first time in the second quarter (Q2).

Bitcoin led the charge with a return to the $82,000 mark, while major altcoins gained between 5% to 12%.

Among the standout performers was TRON ($TRX), which climbed 5%, briefly pushing its market capitalization to $23 billion.

TRON’s Rising Dominance in Stablecoin Transactions

TRON has evolved since launching as an ERC-20 token on Ethereum in 2017, becoming one of the most widely used blockchains in the crypto space.

According to DeFiLlama , TRON now boasts over 2.5 million active addresses, second only to Solana.

TRON leads Ethereum, Bitcoin, and BSC in active addresses / Source: DefilLama

Stablecoin activity drives this dominance. IntoTheBlock reports that over $1.2 billion in $USDT flowed into exchanges via the TRON network in the past week alone.

Further data from CoinGate reveals that TRON has emerged as the most popular blockchain for crypto payments, with $USDT accounting for 78% of total transactions on the network.

TRON now ranks as the second-largest chain by stablecoin market capitalization, commanding over $67 billion.

The network’s appeal stems from its low fees, fast settlement times, and strong presence in emerging markets, making it the preferred choice for stablecoin-based payments and liquidity.

Security and Expansion: TRON’s Broader Mission

Beyond payments, TRON has addressed illegal activities involving $USDT on its network.

In September 2024, TRON founder Justin Sun announced a partnership with Tether and blockchain analytics firm TRM Labs to enhance monitoring and ensure TRON’s infrastructure is used responsibly.

On March 20, TRON also revealed an integration with the Solana blockchain, aiming to boost its throughput and cost-efficiency by leveraging Solana’s high-speed architecture.

The integration also allows TRON-native applications to tap into Solana’s extensive DeFi ecosystem.

Technical Analysis: $TRX Range-Bound, Eyes $0.30 on Breakout

$TRX currently trades at $0.2412, up 3.75% on the day. The token has consolidated within a well-defined horizontal channel, with support between $0.21 to $0.22 and resistance around $0.25 to $0.255.

$TRX showing indecisiveness from Bulls And Bears / Source: TradingView

This sideways action follows a rally that briefly pushed $TRX above $0.40 in December 2024, after which prices corrected and entered a consolidation phase.

Looking at momentum indicators, the MACD is showing signs of stagnation.

The MACD and signal lines remain flat and hover just above the zero line, with the histogram displaying minimal movement.

However, a breakout above $0.255 could open the path toward $0.30 to $0.33, while reclaiming the psychologically important $0.40 level remains a longer-term objective.

Conversely, a breakdown below the $0.21 support zone could see $TRX retesting the $0.17 region or even the deeper support near $0.14 to $0.15, which served as demand zones earlier in 2024.