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Tron Eyes Recovery As Stablecoin Supply Tops $62B
NAIROBI (CoinChapter.com)—TRON (TRX) shows signs of reaching a local bottom, with key metrics suggesting potential bullish momentum ahead. A surge in stablecoin supply on the Tron blockchain and technical analysis point to promising support levels, bolstering investor confidence.
Stablecoin Supply on Tron Hits Record $62 Billion
The circulating supply of Tether (USDT) on the Tron blockchain surpassed $62 billion, reflecting a staggering 93% growth since mid-2022. This increase highlights the network’s appeal among stablecoin users due to low transaction fees and fast processing times.
TRON Stablecoin Supply Surges to $62B Milestone. Source: CryptoQuant
In 2024, Tron’s USDT supply rose from $48 billion to $61 billion, a 28.7% increase. This growth highlights Tron’s leading position among blockchains. The steady rise of stablecoins like USDC and USDD further reinforces the network’s appeal to users and investors.
Heatmap Metrics and Local Bottom Potential
Tron’s price heatmap analysis indicates a crucial support level at $0.23 (1-year moving average + 2 standard deviations). Historically, this level has acted as a foundation for bull rallies.
TRX Price Heatmap Highlights Key Support Levels. Source: CryptoQuant
If the TRX price remains above this green trend, it could signal the beginning of upward momentum. However, breaching this level may reflect deeper market weakness. For bullish targets, the heatmap suggests resistance at $0.40 (purple trend) and $0.49 (blue trend).
A bullish breakout could drive TRX to retest its 52-week high at $0.45, representing a 75% upside from its current value of $0.2495. Alternatively, a bearish reversal might pull prices back to $0.2251.
Bullish Momentum Ahead?
Despite broader market challenges, TRON demonstrates resilience with a 25% price jump over the past month. Analysts point to the network’s high transaction volumes—bolstered by USDT—as a key driver. TRON also benefits from its dominance in blockchain transaction activity, surpassing competitors like Ethereum, which has faced sell-offs and bearish sentiment.
TRON gains 7.36% in weekly surge. Source: CoinMarketCap
Predictions for 2025 show TRON potentially breaking the $1 milestone, driven by sustained ecosystem growth and strategic positioning in the stablecoin market.
For now, TRON’s short-term price action hinges on holding critical support levels and breaking resistance zones, paving the way for its next rally.