Tron: Price Surge Fueled by USDT Dominance and Network Staking

Analysis of TRX’s trend on June 29, 2025, focusing on staking, USDT growth, and technical factors.

Tron (TRX), the native token of the Tron blockchain, is trading at approximately $0.2744 as of June 29, 2025, down 1.4% in the past 24 hours. However, the cryptocurrency has garnered significant attention in recent months due to the substantial growth of USDT supply on the Tron network and increased staking activity. Technical analysis indicates that TRX is currently forming a cup and handle pattern on the daily timeframe, which could signal a potential bullish move. The price has recently faced selling pressure at the $0.29 resistance zone, failing to break through. This level is significant due to multiple unsuccessful breakout attempts. If TRX cannot surpass this resistance, it may retreat to support levels at $0.26 or $0.23, which have historically acted as price reversal points. The RSI is currently at 48.4, signaling a neutral market but with early signs of bullish momentum forming. From a fundamental perspective, the increase in USDT supply on the Tron network to over $80 billion in June 2025 has significantly driven demand for TRX. Reports indicate that approximately 46% of all TRX tokens are staked, with a large portion supporting USDT transactions. This not only reflects confidence in the Tron network but also reduces circulating supply, creating upward pressure on the price. Additionally, the average gas fees on the Tron blockchain have decreased from 2.72 TRX in September 2023 to 0.79 TRX in June 2025, making Tron an attractive platform for low-cost transactions. Speculation about Tron’s potential entry into traditional markets, such as Wall Street, has also boosted investor optimism. However, geopolitical tensions, particularly in the Middle East, have impacted market sentiment, increasing selling pressure in the crypto market. These factors, combined with chart patterns like descending wedges and false breakouts, suggest market indecision. Nevertheless, TRX’s positive correlation with Bitcoin, which is currently trading near its all-time high, could act as a positive driver. If Bitcoin continues its upward trend, TRX may benefit from this momentum. For traders, the recommended strategy is to wait for confirmation of a breakout above $0.29 or a pullback to key supports. Given the market’s high volatility, strict risk management and trading on reputable exchanges like Binance and Coinbase is advised. Traders should monitor chart patterns like the cup and handle and indicators like MACD to avoid potential bull or bear traps. Overall, Tron is at a critical juncture. While the short-term outlook appears bearish due to resistance pressures, USDT growth, network staking, and long-term technical signals suggest bullish potential in the mid-term. Traders should closely monitor the market and prepare for potential volatility.