TRON’s TRX Surges Nearly 5%, Edging Past Ethereum in USDT Circulation as Trade Relations Improve

TRON’s TRX token has shown notable strength, gaining nearly 5% in the past 24 hours amid a favorable backdrop of easing geopolitical tensions and positive market sentiment.

The price of TRX climbed from $0.264 to $0.276 before a slight pullback, marking a 4.8% increase. This rally coincided with a significant milestone for TRON, which has overtaken Ethereum as the blockchain hosting the largest amount of USDT stablecoins — $73.8 billion compared to Ethereum’s $71.9 billion.

Market optimism was buoyed by the White House’s announcement of a recent U.S.-China trade deal, suggesting a thaw in trade tensions that have long weighed on investor confidence. Meanwhile, institutional adoption remains strong, exemplified by Coinbase’s entry into the S&P 500 index, signaling growing mainstream acceptance of cryptocurrencies.

Technical Snapshot:

• TRX surged from $0.264 to $0.276, supported by higher-than-average trading volumes at critical breakout points.
• Key support formed near $0.265 during midday and evening trading sessions.
• The $0.275 level acted as resistance, with TRX consolidating around this price before a modest correction.
• The token showed consistent higher lows, indicating ongoing bullish momentum.
• TRX peaked at $0.276 before retreating about 0.9% to $0.273 amid heavy selling volume of 11.8 million tokens.
• A fresh support level emerged around $0.274, with several failed attempts to reclaim $0.275.
• Price action is currently consolidating between $0.273 and $0.274, with moderate buying near session lows.

With TRON’s growing dominance in the stablecoin space and improving macroeconomic conditions, TRX appears poised for further gains, though traders remain cautious amid near-term consolidation.