TRON’s TRX Rallies 4.8% and Surpasses Ethereum in USDT Supply
The cryptocurrency market is responding to geopolitical events, creating both opportunities and challenges for digital assets. Recent highlights include:
- TRON's TRX token increased by 4.8%, rising from $0.264 to $0.276 before a slight correction.
- TRON surpassed Ethereum in USDT circulation, reaching $73.8 billion compared to Ethereum's $71.9 billion.
- The White House announced a trade agreement between the U.S. and China, improving market sentiment.
- Coinbase's addition to the S&P 500 reflects growing institutional acceptance of digital assets.
Technical Analysis Highlights
- TRX peaked at $0.276 with above-average volume during key breakout points.
- Support was established at $0.265 with strong buying pressure in specific sessions.
- A resistance zone formed around $0.275, leading to consolidation before a pullback.
- Price action indicates consolidation between $0.273-$0.274, with modest buying near session lows.