Tron Analysis on May 24, 2025: Will TRX Reach a New Peak?

Analysis of Tron’s developments on May 24, 2025, focusing on ETFs, Chainlink integration, and USDT volume.

On May 24, 2025, Tron (TRX) was a hot topic in the crypto market. Its price fluctuated between $0.27 and $0.28, reflecting efforts to consolidate after a recent rally. Several factors, including ETF proposals, Chainlink integration, and surging USDT volume, have contributed to this trend. A key development is Cboe’s application to launch the first U.S.-based spot Tron ETF with staking rewards. This ETF could boost institutional demand and drive prices to new levels, such as $0.35. Additionally, Tron’s recent integration with Chainlink, enhancing data security, led to a 3.4 billion TRX increase in total value locked (TVL) in less than a week, pushing Tron’s TVL to $6.6 billion. The Tron network continues to lead in the stablecoin sector, with over $75 billion in USDT circulating, accounting for more than 50% of the total USDT supply. This has increased demand for TRX, as it’s used for transaction fees on the network. However, a transfer of 100 million TRX by an anonymous whale to Binance has raised concerns about potential selling pressure, though analysts believe strong demand could offset this. From a technical perspective, TRX has formed an ascending triangle pattern on daily charts, signaling continued bullish momentum. Key support at $0.27 and resistance at $0.30 are critical levels to watch. Breaking the $0.30 resistance could drive prices toward $0.35–$0.45. However, risks like global trade tensions and declining trading volume could introduce volatility. Statements from Justin Sun, Tron’s founder, about a bullish outlook and predictions of a new all-time high by June’s end have fueled market optimism. However, some criticism regarding Sun’s activities and their impact on TRX’s price has surfaced. With its robust infrastructure and widespread DeFi adoption, Tron remains an attractive investment, though investors should proceed with caution.