Overview
- TRX is consolidating around $0.34–$0.36 after a clean breakout above $0.30 that flipped long-term resistance into support, with analysts flagging $0.42–$0.50 as mid-term targets.
- The token shows relative resilience versus broader market pullbacks, maintaining higher lows after an eight-week run of gains and a push toward $0.37.
- Stablecoin activity continues to anchor demand, with USDT representing about 61% of TRON transactions since 2022 and roughly $860 million recently flowing to exchanges, led by OKX.
- Adoption catalysts include Kraken extending its xStocks tokenized equities to TRON and MetaMask adding TRX support, broadening access for large user bases.
- Year to date performance exceeds 115% with a 2.66% weekly gain versus Bitcoin, as Justin Sun considers transaction cost adjustments to keep fees competitive.