$TRX bulls are trapped in a five-month chokehold. The token has flat-lined near $0.28 after a 38 % slide from the March 5 peak at $0.45, and traders are watching for a decisive move.
The stagnant price action leaves $TRX hovering at $0.275, its $26 billion market cap essentially frozen. Extended consolidation here could indicate accumulation or, conversely, fading interest, so the next major swing remains in question.
USDT on TRON Gains Traction in Europe — What It Means for $TRX Price
Many crypto experts think $TRX could bounce back soon. If it does, the price might climb toward $0.30. Reaching this level could potentially push Tron past Dogecoin, which is currently worth around $28 billion, unless DOGE experiences a sudden rally.
Tron’s sluggish price action hasn’t hindered its growth and adoption, especially within the stablecoin sector.
Artemis data show that between January 2023 and February 2025, more than $94 billion in stablecoins changed hands, with Tron handling 55 % of that volume, well ahead of Ethereum, BNB Chain, and Polygon.
Demand from European users, particularly in the U.K., France, Belgium, and Switzerland, now drives much of Tron’s volume. This surge has lifted the network’s stable-coin market cap past $78 billion, roughly ten times Solana’s total.
Solana still leads with 4.5 million active wallets, yet Tron’s 2.4 million wallets, fueled mainly by stable-coin transfers, indicate a rapidly expanding user base.
Institutional Momentum Builds: Trump-Affiliated Stablecoin Launches on TRON
Momentum is not limited to retail flows. On June 11, World Liberty Financial (WLF), a firm with ties to the Trump business network, launched its USD1 stablecoin on Tron.
Wallet-infrastructure provider Privy followed suit, extending Tron support to its 50 million-plus users.
These integrations could materially influence $TRX’s price trajectory, echoing the 96 % surge recorded last December after a wave of similar partnerships.
$TRX Chart Shows Inverse Head & Shoulders Pointing to $0.30
Technically, a larger inverse head-and-shoulders pattern formed between 2018 and 2023 hints that the long-term downtrend may be ending.
The setup projects an initial target zone of $0.28 to $0.30 and, if buying pressure persists, a possible extension to $0.35.
Historically, a support band between $0.045 and $0.065 has withstood repeated retests, providing a sturdy floor.
On the 4-hour chart, $TRX is making higher highs and higher lows within an ascending channel; a breakout above a descending trendline in early May sparked the initial impulse.
Price has since coiled between $0.26 and $0.28, then pierced the range top, retested the lower channel boundary, and printed a fresh higher low. With the retest complete, bulls now eye the $0.2995 barrier; a daily close above that mark would open the door to $0.30 and beyond.
Where Next for the $TRX Price?
Whether Tron’s expanding stable-coin footprint translates into lasting price appreciation will hinge on continued network usage and broader macro sentiment.
For now, the convergence of on-chain momentum and bullish chart structures sets a clear line in the sand at $0.30: a decisive break could propel $TRX into its next up-leg. At the same time, a rejection would consign the token to another chapter of consolidation.
The post Tron ($TRX) Primed for Lift-Off After Range Breakout—Bullish Channel Points to $0.30 appeared first on Cryptonews.
