Tron Price Reaches $0.29 as Stablecoin Deposits Exceed $80 Billion
Tron (TRX) reached $0.29 on July 3, driven by increased crypto inflows as Bitcoin approached its all-time high. Key points include:
- TRX gained 1.4%, outperforming major cryptocurrencies.
- Stablecoin deposits on the Tron network surpassed $80 billion, up from $77 billion a month ago.
- Capital inflows into multiple chains were influenced by Bitcoin's price movements.
- Current TRX price is $0.286, with bullish momentum suggested by technical indicators.
Price predictions indicate minimal resistance between $0.286 and $0.30, with potential for a breakout. If TRX faces rejection, support may be found at $0.2745 or $0.2648. The Parabolic SAR and MACD indicators suggest an ongoing uptrend, supporting a retest of $0.30.