TRX Surges 2.1% as $2B USDT Mint on Tron Fuels Bullish Momentum and Eyes Key Resistance

TRXUSDT is trading at 0.2727 on Binance, reflecting a 2.10% increase over the past 24 hours from an open of 0.2671. The recent price recovery is primarily attributed to significant market developments, including Tether minting $2 billion USDT on the Tron blockchain, resulting in a net inflow of $1.24 billion in stablecoins to HTX Global, which has boosted liquidity and investor confidence. Additionally, technical analysis highlights a developing bullish "cup and handle" pattern and positive momentum above key moving averages, though mixed signals from RSI and MACD indicate some caution. Market sentiment remains mildly bullish, with traders watching for a breakout above the $0.278–$0.285 resistance range, while immediate support is seen at $0.27. Trading volume and liquidity remain robust, supporting the current consolidation and potential for further upside if resistance levels are surpassed.