TRON's Stablecoin Empire Boosts TRX Price as Network Activity Surges
TRON's TRX token has finally broken out of its prolonged trading range, with the price clearing $0.34 and establishing a stronger technical structure after weeks of consolidation.
The breakout comes as TRON continues to process massive amounts of USDT transfers, reaching approximately $2.1 trillion in quarterly activity, with a total USDT supply on the network of around $87.9 billion.
This has led some analysts to reevaluate the network's value proposition, which is increasingly tied to payments and stablecoin transfers rather than DeFi speculation.
TRX needs to establish support at $0.35 in order to sustain its breakout and push towards the next major resistance near $0.38-$0.39.