TRON Consolidates at Key Levels — A Big Move Could Be Coming
The post TRON Consolidates at Key Levels — A Big Move Could Be Coming appeared on BitcoinEthereumNews.com.
Altcoins TRON (TRX) has been swinging sharply in recent weeks, but its network activity suggests that the project’s long-term story is stronger than ever. While the token has cooled from its multi-year highs, on-chain data shows that TRON is cementing its role as one of the main settlement layers for Tether (USDT). USDT Transactions Hit Record Levels According to blockchain analyst Darkfost, TRC-20 USDT flows from centralized exchanges recently surged to historic highs, signaling unmatched demand for stablecoin transfers on TRON. On August 22 alone, more than $13 billion worth of USDT moved through TRON from exchange wallets — the third-largest daily tally ever for the network. This activity highlights the chain’s efficiency in handling stablecoin liquidity. Binance accounted for more than 65% of the movement, followed by HTX at 18% and Bybit at 5%, showing how much major platforms depend on TRON’s infrastructure for rapid, low-cost settlement. Why Adoption Keeps Growing The appeal lies in TRON’s speed and cheap fees, combined with a growing ecosystem of services around the chain. These features have made TRON the go-to option for both institutional players and retail traders moving stablecoins. While rival blockchains compete for market share, TRON’s grip on the USDT market gives it a unique advantage and an increasingly systemic role in crypto finance. Price Holds Despite Pullback TRX is currently trading around $0.348, consolidating after a retreat from highs near $0.37. The token recently tested its 200-day moving average near $0.342 and bounced, a sign that buyers are still defending key levels. For bulls, reclaiming the $0.354–$0.356 range — where the 50-day and 100-day averages cluster — will be crucial to regaining momentum. A move above that zone could set up another attempt at $0.36 and possibly $0.37, the ceiling from the last rally. Failure to hold the 200-day…
Filed under: News - @ August 29, 2025 11:28 am