TRON Named in 'BEST Chains' Group Amid Stablecoin Flows and Bitcoin Price Surge

TRON has been included in the 'BEST chains' group alongside BNB, Ethereum, and Solana after Visa's on-chain data revealed that these four networks carry the largest stablecoin flows. Tether routing over 60% of its volume through TRON was a significant factor in this selection.

Analyst Rob from the Milk Road podcast highlighted disciplined buying near the 200-week moving average as one reason for the positive sentiment around TRON. He also noted that Bitcoin's recent price action, which saw it rise above $70,000, triggered the biggest short squeeze since 2021.

The price action on the 4h chart shows TRX testing upper Bollinger resistance at $0.34, with an RSI(14) of 60.25 and a MACD confirming a golden cross. The pair is sitting above both EMA50 and EMA200 at $0.33, suggesting that any pullback would likely find support at those levels before continuation.