TRON Surpasses 402M Accounts, But Short-Term Selling Pressure Remains
The TRON network has reached an impressive milestone, surpassing 402 million accounts. This feat makes it one of the leading global stablecoin settlement layers.
According to Token Terminal data, the network has $92.3 billion in USDT, which is close to 50% of Tether's total market cap. The growth in the stablecoin market cap on TRON has outpaced that of every other chain, with a significant increase in unique smart contract deployers since Proposal #104 reduced deployment costs by 60%.
The weekly chart for TRX shows it in a healthy uptrend, despite the crypto market suffering a setback after October 2025. The swing structure has not seen a bullish continuation since then, and the $0.37 swing high from August remains unbroken.
Looking at the short-term price action, the key support level to watch is between $0.2917-$0.3100. A drop below $0.268 would signal a bearish weekly structure shift. The RSI has remained above 50 since March, and the OBV has been trending higher.
Should TRX traders be cautious? The short-term price action suggests there is some selling pressure on TRX. However, a recovery above the $0.335-$0.337 area would indicate a potential bullish continuation for TRON.