TRON News on July 17, 2025: Can TRX Hit $0.50?

TRON trades near $0.31 on July 17, 2025. Can this crypto make a big leap?

TRON (TRX) is making waves in the crypto world on July 17, 2025, and it’s hard not to take notice. Trading around $0.31, this blockchain darling has been climbing steadily, sparking chatter among traders. Is this just a fleeting pump, or the start of something bigger? Let’s break down the key drivers, market trends, and what might be next for TRON. Over the past week, TRX has jumped 9.4%, rising from $0.285 to $0.3120. This surge follows a consolidation phase where it formed a bullish ascending triangle pattern. Daily charts show TRX testing a key resistance at $0.32. The RSI, sitting at 63, suggests buyers are in control but not yet overextended. A break above $0.32 could target $0.35 next. If it falters, support levels at $0.302 and $0.285 might hold the line. Trading volume, hitting $937 million in the last 24 hours, points to strong market activity. A major catalyst behind this rally is TRON’s recent public listing via a $210 million reverse merger, bringing it to Nasdaq. This move has boosted liquidity and opened doors to institutional investors, turning heads in the crypto space. Posts on X also highlight TRON’s massive $694.5 billion in USDT transaction volume in May, dwarfing many competitors. Numbers like that are hard to ignore, but can they translate into sustained growth? Fundamentally, TRON’s ecosystem is thriving. Designed for decentralized content and apps, it boasts over 300 million active wallets. A recent community-approved TRX supply reduction could ease selling pressure, potentially lifting token value. TRON’s dominance in USDT transactions has made it a go-to for global transfers, outpacing many rival blockchains. That said, some worry that heavy reliance on USDT could be a double-edged sword if regulatory scrutiny on stablecoins intensifies. Technically, TRX remains in a long-term ascending channel, maintaining higher highs and higher lows. However, a hidden bearish divergence in RSI hints at a possible short-term pullback. Whale movements, like a recent $3 million TRX transfer to exchanges, have sparked concerns about profit-taking, which could fuel volatility. Compared to peers like Ethereum or Solana, TRON’s low fees and fast transactions give it an edge. But the blockchain space is cutthroat. Can TRON keep its momentum? Some analysts predict TRX could hit $0.50 or even $0.70 by the end of 2025, driven by stablecoin adoption and dApp growth. These forecasts, though, come with the usual crypto caveat—nothing is certain in this volatile market. For investors, timing is critical. Jumping in now might be risky if a correction looms. Waiting for price consolidation or a confirmed breakout could be smarter. If you’re holding profits, reassessing your exit plan might be wise. TRON has a knack for surprising the market, and its story is far from over.