TRX News July 23, 2025: Can Tron Reach $0.5?

TRX news on July 23, 2025: 19.78% monthly gain and ETF rumors.

TRX News on July 23, 2025: Can Tron Reach $0.5? Tron (TRX), a standout blockchain in the crypto world, is making waves again. As of July 23, 2025, TRX is trading at around $0.31829, with a 19.78% gain over the past month. This strong performance has turned heads, sparking a big question: Can Tron climb to $0.5 soon? Let’s dive into what’s fueling this momentum and what the future might hold. Technical Analysis: Is TRX Gearing Up for a Surge? Price charts show TRX forming an ascending triangle pattern, often a sign of a bullish continuation. It’s currently testing a key resistance at $0.32. Some analysts believe breaking this level could propel TRX toward $0.5 or beyond. But does the market have the momentum to pull it off? The Relative Strength Index (RSI) is at 65, indicating bullish momentum but not yet in overbought territory. Trading volume has jumped 36% to $1.36 billion in the last 24 hours, signaling strong investor interest. The 50-day moving average recently crossed above the 200-day, forming a golden cross—a bullish sign for the long term. However, if TRX fails to break $0.32, it could slip back to support at $0.27 or even $0.26. Stablecoin Dominance and DeFi Growth Tron’s biggest strength lies in its dominance in stablecoins, particularly USDT. In 2025, Tron has processed over $694.5 billion in USDT transfers in May alone, outpacing Ethereum by more than five times. With transaction fees under a cent and speeds of up to 2,000 transactions per second, Tron is a go-to for stablecoin transfers. Could this cement Tron’s role in global payments? Tron’s DeFi ecosystem is also thriving. The total value locked (TVL) in Tron’s DeFi protocols has reached over $8 billion, with platforms like JustLend and SunPump gaining traction. A recent partnership with a global payments provider on July 15, 2025, to expand USDT use for cross-border transactions further highlights Tron’s growth. ETF Rumors and Mainstream Integration Buzz about a potential Tron ETF is stirring excitement. Some reports estimate a 70% chance of ETF approval by the end of 2025, which could bring significant institutional capital to TRX. Imagine major financial firms piling into Tron—this could push prices to new heights. Additionally, Tron’s reverse merger with a Nasdaq-listed company, aiming to create a $210 million TRX treasury, has caught investors’ attention. This move could position TRX as a corporate reserve asset, though some critics point to Tron’s centralized control as a potential risk. Risks and Challenges Despite the optimism, TRX isn’t without hurdles. The crypto market is inherently volatile, and a recent 0.08% dip in the last 24 hours hints at possible corrections. Regulatory uncertainties, particularly in the U.S., could pose challenges, with past allegations against Tron’s founder, Justin Sun, over unregistered securities still lingering. Competition from blockchains like Solana and Ethereum also threatens Tron’s market share. Market Outlook: Rally or Pullback? In the short term, TRX will likely wrestle with the $0.32 resistance. A breakout could pave the way for a run to $0.5, but a rejection might see prices drop to $0.27 or lower. Long-term, factors like ETF prospects, USDT dominance, and DeFi growth could make TRX a more stable asset. Some predict TRX could hit $0.73 or higher by the end of 2025, though this depends on several variables. Final Thoughts: What’s Your Next Move? Tron’s blend of speed, low fees, and stablecoin leadership makes it a compelling crypto project. If you’re eyeing an investment, keep tabs on key technical levels, ETF developments, and ecosystem growth. But tread carefully—crypto markets are full of surprises. So, what’s your take? Is TRX poised for a new all-time high?