USDT on Tron surpasses 80 billion USD – Will TRX break through?

TRON (TRX) is currently holding steady around $0.270 at the time of writing on Tuesday, following an impressive 3.5% rally in the previous session. This recovery momentum is driven by an important milestone for the network: the total supply of Tether's USDT stablecoin on the Tron blockchain has officially crossed the $80 billion threshold — a clear demonstration of its rapid growth and increasing adoption. With the bullish momentum still being maintained, technical signals continue to reinforce expectations for a fresh recovery, aiming for a short-term target of $0.29.

Stablecoin supply on Tron reaches a new all-time high

Data from Token Terminal shows that Tether's USDT stablecoin supply on the Tron blockchain has been constantly growing, officially hitting a record $80 billion on Tuesday – an all-time high, equivalent to an increase of $20 billion since the beginning of the year. This strong expansion not only reflects the growing demand for stablecoins on the TRX network, but is also an optimistic signal for the entire ecosystem. The increase in the value and activity of USDT is driving the utility of the Tron network, opening up opportunities to attract more users, especially in the fields of (DeFi) decentralized finance, digital payments, and the growing wave of meme coins.

Source: Token Terminal/X## TRON Price Forecast: TRX bounces back after testing the 100-day EMA

After dropping 2.7% on Sunday and retesting the 200-day (EMA) exponential moving average at $0.259 — coinciding with the key support zone on the daily frame — the TRX price rebounded sharply by 3.49% in the next session. As of the time of writing on Tuesday, TRX is trading around $0.272.

! TRX/USDT Daily Chart | Source: TradingViewAs long as the 200-day EMA at $0.259 continues to act as a solid buffer, TRX has a chance to extend the rally to the next resistance zone around the $0.296 mark.

The (RSI) relative strength index is currently at 49, approaching the neutral level of 50 — a sign that selling pressure is weakening. If the RSI can break above this level, the bullish momentum will be strengthened, opening up a clearer recovery prospect in the short term.

On the contrary, in a negative scenario, if TRX loses the support level at the 200-day EMA and closes below the mark of $0.259, the correction trend may continue, with the target returning to the bottom area on May 7 at $0.243.

SN_Nour