TRON on May 29, 2025: Bullish Outlook with Institutional Support and Network Growth

TRON rises 1.5% to $0.278, driven by high USDT volume and ETF developments.

On May 29, 2025, TRON (TRX) has risen approximately 1.5% to $0.278, displaying signs of a mildly bullish trend in the cryptocurrency market. This price increase occurs amid broader market volatility driven by Bitcoin fluctuations and macroeconomic factors, yet TRON stands out due to its high USDT transaction volume and institutional support. From a technical perspective, TRON is consolidating between $0.27 and $0.28, forming an ascending triangle pattern on the daily chart, typically a sign of potential growth. The Relative Strength Index (RSI) is around 58, indicating bullish momentum without entering overbought territory. The key support level at $0.27 has been tested multiple times, reflecting strong buyer interest. The primary resistance lies between $0.28 and $0.29, and breaking this could propel TRON toward $0.3. However, derivatives data suggests some sellers are active in this range, potentially slowing the upward move. A primary driver of TRON’s growth is the unprecedented surge in USDT transaction volume on its network. Reports indicate that TRON has achieved a record $600 billion in USDT transactions, surpassing Ethereum. This surge, accompanied by a $2.1 billion increase in the past week, highlights strong demand for TRON’s services, particularly in stablecoins and decentralized finance (DeFi). The SunPump platform, designed for launching meme coins, has also contributed to increased network activity. Institutional demand is another significant factor. Inflows into TRON-related investment products reached over $100 million in May, signaling growing institutional confidence. Discussions around a potential TRON exchange-traded fund (ETF) could further boost demand. Whale accumulation near current price levels also indicates optimism about TRON’s growth potential. However, macroeconomic factors, such as trade tensions and monetary policies, pose potential risks. TRON’s correlation with Bitcoin has decreased from 0.6 to 0.3 in recent months, suggesting relative independence that could benefit it during altcoin seasons. Some analysts predict that with ETF approvals, TRON’s price could reach $0.73 or higher by the end of 2025. Risks remain, including selling pressure at resistance levels and market volatility. Traders should monitor the $0.27 support and $0.28 to $0.29 resistance. Staggered buying near support could be a prudent strategy, but risk management is critical. In summary, TRON on May 29, 2025, is in a strong position. With network growth and institutional support, the mid-term outlook is positive, but traders should remain cautious and monitor market signals.