TRON (#TRON ) has recently attracted prominent projects like Sky,Li,nk from Pl,u,me (focusing on tokenized U.S. Treasury bonds and private credit) and the meme coin featuring Trump via Lay,erZ,ero.
The price is trading at $TRX
At $0.2863, with a bullish pattern of higher highs and higher lows on the four-hour chart. A breakout above $0.2895 could push the price to $0.30.
TRON ($TRX ) is making a significant splash with an impressive influx in on-chain activity and transaction volumes. Recently, the blockchain recorded 13 billion transactions, while its competitor Ethereum lags behind.
Alongside this, over 21 billion USDT transfers are conducted weekly on TRON, which is nearly three times Ethereum's current figure of 8 billion, according to Crypto,Q,uant numbers.
TRON network outperforms Ethereum
This surge can be attributed to the increasing usage and efficiency of TRON's infrastructure. With extremely low transaction costs and a very rapid settlement rate, TRON has emerged as the preferred platform for using stablecoins. This has helped cement TRON as a competitive alternative to Ethereum, especially for developers and users focused on high-frequency transactions and payment-based applications.
On Ethereum, network congestion issues, unstable gas prices, and overall impacts on usability continue to pose challenges for users of this network. Meanwhile, TRON's infrastructure provides a less problematic experience for its end users, as mentioned in our previous article. This has led to increased stablecoin activity, with a significant portion of global USDT minting now occurring on the TRON chain.
Moreover, TRON has recently seen an increasing momentum in the market. Two prominent celebrity projects have joined the TRON ecosystem: SkyLink from Plu,me and the official Trump coin. SkyLink brings real asset tokenization to TRON by investing in U.S. Treasury bonds and private credit issuances. The platform will provide yield-generating financial services on-chain, enhancing TRON's virtual record in the tokenized finance sector.
While the Trump-themed meme coin, launched using Lay,erZ,ero's multichain infrastructure, adds a cultural and political dimension to TRON's growing digital economy. These integrations will not only benefit TRON's popularity but will also demonstrate its potential in the decentralized finance (DeFi) space.
What awaits the price $TRX ?
At the time of publication, the price of TRX was $0.2863, showing a bullish technical pattern on the 4-hour timeframe, as previously reported by CNF. Since late June, the coin has stabilized in a pattern of higher lows and higher highs. Notably, there is significant support near the 50-day simple moving average (SMA) at $0.2834, which has acted as a short-term cushion against the downward trend on multiple occasions.
On the other hand, short-term resistance is at $0.2890. TRX has recently tested this area several times, and a final breakout could see the price reach its previous highs on the chart at $0.2926 and $0.2952. Meanwhile, the Relative Strength Index (RSI) is approaching 60, indicating continued buying strength, but it has not yet reached overbought territory.
Traders note a breakout above $0.2895 to increase the trend, while risk is managed by placing a stop loss below $0.2830. In case of weakened momentum, slight consolidation occurs within the range of $0.2834 and $0.2890. However, as long as TRX remains in its upward channel, bullish conditions may continue.#BinanceTurns8 #BreakoutTradingStrategy #TrumpTariffs #AltcoinETFsWatch