TRX Eyes Recovery as USDT Supply on Tron Surpasses $80B Milestone
TRX Shows Signs of Recovery as USDT Supply on TRON Surpasses $80 Billion
TRON Achieves Milestone in Stablecoin Market
As TRON reaches a significant milestone in the stablecoin sector, its native token, TRX, is beginning to exhibit potential signs of recovery.
Surge in USDT Supply on TRON Blockchain
Recent analysis from CryptoQuant contributor Maartunn, dated June 24, reveals that the circulating supply of Tether (USDT) on the TRON blockchain has crossed the $80 billion mark. This achievement positions TRON as the leading network for USDT issuance.
Since late 2020, the supply of USDT on TRON has seen consistent growth, escalating from just under $7 billion to over $39 billion during the bullish market of 2021. Notably, in November 2024, TRON surpassed Ethereum (ETH) for the first time in three years regarding total USDT supply.
The upward trend continued into 2025, with the supply increasing from $59.76 billion at the start of the year to over $80.76 billion by mid-June. However, despite this rapid expansion in stablecoin supply, the total value locked in the network has decreased from approximately $7.5 billion in January to just $4.3 billion, according to data from DefiLlama.
Positive Trading Activity on TRON DEXs
On a brighter note, trading volumes on TRON-based decentralized exchanges (DEXs) have shown a positive trend. Monthly trading volume increased from $4.9 billion in April to $5.5 billion in May, indicating a resurgence in on-chain trading activity.
Current TRX Market Performance
As of the latest update, TRX is trading at $0.2729, reflecting a 2.2% increase over the past 24 hours. The token has fluctuated between $0.2605 and $0.2791 over the week. Despite this recent uptick, TRX remains 36% below its peak of $0.4313, which was achieved in December 2024. Daily trading volume has decreased by nearly 29%, now standing at $939 million, suggesting a cooling in spot trading activity.
Technical Analysis of TRX
From a technical standpoint, TRX appears to be consolidating around crucial support levels. The price has been relatively stable, hovering just below the 20-day simple moving average (SMA). However, it remains above several important exponential moving averages (EMAs) across both short and long timeframes, including the 10-, 30-, 50-, and 100-day EMAs.
This alignment suggests underlying strength in the market trend, even as prices remain range-bound. The Bollinger Bands indicate a slight narrowing, which points to reduced volatility, with TRX closely following the middle band.
The relative strength index (RSI) is currently near the neutral level of 50, indicating a balanced momentum. While momentum and bull/bear power indicators are signaling potential buy opportunities, the MACD remains in a slightly bearish zone.
Potential Price Movements for TRX
Should TRX successfully break above the 20-day SMA and surpass the $0.28 threshold, it could trigger a bullish breakout, potentially leading to a retest of the $0.30–$0.32 range. Conversely, if the token fails to maintain its position above $0.265, it may face further declines toward the lower Bollinger Band, which is around $0.262.
