Tron (TRX) is on a technical and fundamental tear, breaking past key resistances and capturing attention across the crypto space. As of July 30, the price of TRX is about $0.3385, which is an increase of over 22% in the last 30 days and 34% over the past 6 months.
With this new surge in momentum and solid on-chain factors coming together, analysts believe the rally might continue.
Fundamentals Strengthen TRX’s Bullish Case
A confluence of bullish fundamentals is fueling TRON’s recent strength. On July 29, Tether minted $1 billion USDT on the TRON network, its largest issuance in 2025, coinciding with TRON Inc.’s SEC filing for a $1B hybrid securities offering.
Although the minted USDT remains in a multisig wallet, the dual narrative of stablecoin dominance and regulatory-forward TradFi integration is bullish news for the Tron (TRX) ecosystem.
A new report from CryptoQuant shows that Tron now holds over $82.7 billion in TRC-20 stablecoins. This means Tron is responsible for 47% of all USDT transactions.
It also processes 2.7x more USDT value than Ethereum daily ($21.1B vs. $7.9B), and on June 26, it hit a record $24.6B in daily stablecoin transfers.
Additionally, TRON tops the Layer-1 fee leaderboard with $373.1 million in 30-day network fees, commanding 76.4% market share among L1s, per Token Terminal. Despite gasless transaction options, revenue continues to rise, hinting at sticky user demand and DeFi growth.
Tron Price Targets $0.36–$0.45 Amid Strong Momentum
Technical analyst Ali (@ali_charts) recently pointed out that TRX has invalidated the TD Sequential’s sell signal, a popular reversal indicator, after a green 2 candle closed above a green 1.
This pattern often precedes bullish continuation, with Ali projecting a potential move toward $0.36 if momentum holds. This target is just 6.66% away from the Tron price’s current levels.
Meanwhile, Tom Tucker highlighted TRX’s successful bounce off the ascending trendline and breakout above the 50-day EMA and Supertrend. According to his chart, if volume supports the move, TRX could challenge resistance at $0.4492, potentially a new all-time high.
The charts confirm this sentiment, as the Bollinger Bands are widening and the price is riding the upper band. The daily RSI also sits above 70, indicating overbought conditions but with sustained momentum. The MACD histogram has been positive since July 27, reinforcing bullish pressure.
Tron price is now trading just below a key resistance level at $0.342, which is near the upper Bollinger band and a minor downward trend line.
If buyers manage to turn this level into support, the next targets would be $0.36 as the short-term Fibonacci extension target (23.6%), $0.40 as a psychological resistance and a historical supply zone, and $0.4492 as the major resistance near the peak in December 2024.
On the downside, support is around the 50-day moving average (around $0.292) and the 100-day moving average ($0.278), both of which have helped the price recover in past declines.
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