USDTUSD Tether USD

Tron (TRX) is retaining its position after a tumultuous weekend in the general crypto space. The token remains close to $0.24, recording a negligible decline of only 0.91% over the last day. Even as there is tame price action, analysts are in close observation looking for indications of a potential breakout, with $0.40 now making an appearance. Related Reading: Bitcoin Set To Gain Over $300 Billion From Companies In Next 5 Years, Analysts Say Price Stuck Between Major Levels TRX has been consolidating between $0.21 and $0.2551. The sideways price action has gone on for several weeks, after plummeting from $0.45 all the way to $0.21 at the end of last year. The token appears to be steadying since the fall. At present, the buyers are exhibiting resilience at the $0.24 mark, which coincides with the 50-day Exponential Moving Average (EMA). Three of the significant EMAs — the 50-day, 100-day, and 200-day — are also in a bullish alignment, which further supports the notion that the token could be positioning for a powerful move upward. The longer TRX remains above these support lines, the greater the odds are that it will break out of this range. Tether minted an additional 1B $USDT on Tron ~4 hours ago! Since April 28 (8 days ago), #Tether has minted 4B $USDT on both #Ethereum and #Tron. Follow @spotonchain for more updates now! https://t.co/SeKwCj1byN pic.twitter.com/xxPA6IosmB — Spot On Chain (@spotonchain) May 6, 2025 Momentum Indicators Suggest Increasing Strength From a technical perspective, the Moving Average Convergence Divergence (MACD) is indicating a possible change. The MACD and signal line are moving close to each other in the positive area. This typically indicates increasing momentum. If purchase volume sets in, analysts predict TRX will breach the $0.2551 ceiling and move towards $0.28, which is where the 23.6% level lies on a trend-based Fibonacci retracement. If things continue to build steam from there, TRX will move as high as the 50% Fibonacci level at $0.39 — just below the much-hyped $0.40 level. 1 Billion USDT Minted On Tron Support for the bullish argument is also emerging from within the Tron ecosystem. Tether has created a further $1 billion USDT on the Tron blockchain. Tether has created 4 billion USDT on Ethereum and Tron combined since April 28. TRX price up in the last week. Source: Coingecko New minting of USDT tends to indicate increased market activity. As these tokens are utilized for trading, swapping, and transferring capital, additional USDT on Tron might translate to greater demand for TRX. It’s not certain, but it is a sign to consider. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off Chain revenue:👇$SOL 41.72%$TRX 24.56$ETH 16.4%$BTC 7.4% pic.twitter.com/kvVcvpkJT8 — Ted (@TedPillows) May 5, 2025 Tron Activity Surpasses Ethereum In Revenue According to statistics reported by analyst Ted Pillows, Tron’s portion of the overall network economic value is nearly 25%. Solana alone is also nearing 42%. Yet in a surprising turn, Tron’s revenue chain is now higher than Ethereum‘s at 16% of total network revenue. According to TronScan, the number of total accounts on the network is also growing. As of now, there are more than 304 million accounts. The total value locked (TVL) across Tron’s platforms has crossed the $20 billion mark. Whether TRX reaches $0.40 anytime soon will have something to do with how it acts around the $0.25 resistance level. At the moment, price action, technical indications, and ecosystem activity all appear to be pointing in the same direction. Featured image from Gemini Imagen, chart from TradingView