TRON’s TRX Outpaces Ethereum with 5% Gain in USDT Circulation

TRON’s TRX Climbs Nearly 5% as It Tops Ethereum in USDT Circulation Amid Trade Optimism

TRON’s native token, TRX, continues to display strong bullish momentum, hitting a key milestone in the stablecoin market while benefiting from positive developments in global trade relations.

Over the past day, TRX surged 4.8%, moving from $0.264 to a peak of $0.276 before settling into a minor correction. This price advance aligns with TRON overtaking Ethereum as the leading blockchain for USDT circulation, with $73.8 billion now held on TRON’s network compared to Ethereum’s $71.9 billion.

Investor sentiment received a boost following the White House’s announcement of a fresh trade agreement between the U.S. and China, signaling a potential easing of trade tensions that have weighed on markets. Additionally, institutional adoption remains robust, highlighted by Coinbase’s recent entry into the S&P 500, underscoring the growing acceptance of cryptocurrencies in mainstream finance.

Technical Highlights

• TRX rallied from $0.264 to $0.276, supported by higher-than-average trading volumes during breakout phases.
• The $0.265 level emerged as a firm support point during mid-afternoon and evening sessions.
• Resistance was encountered near $0.275, where the price briefly consolidated before experiencing a slight pullback.
• A series of higher lows throughout the session reflects sustained buying interest and positive momentum.
• TRX peaked at $0.276 shortly before 8 AM, then corrected roughly 0.9% to $0.273 amid increased selling pressure of 11.8 million tokens.
• A new support range was established around $0.274, with multiple attempts to reclaim $0.275 failing so far.
• Recent price action indicates a consolidation phase between $0.273 and $0.274, accompanied by moderate buying near session lows.

With TRON solidifying its position in the stablecoin arena and trade tensions easing, TRX appears well-positioned for continued strength, though traders will be watching closely for signs of further momentum or potential pullbacks.

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