TRON's TRX Surges 5% as It Overtakes Ethereum in USDT Circulation
By: cryptonews|2025/05/14 14:15:05
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The cryptocurrency market is showing mixed signals as geopolitical developments create both opportunities and challenges for digital assets. TRON's TRX token demonstrated remarkable strength with a 4.8% rally over a recent 24-hour period, climbing from $0.264 to $0.276 before experiencing a slight correction. This uptrend coincided with TRON achieving a significant milestone by overtaking Ethereum as the blockchain with the largest USDT circulation, now hosting $73.8 billion compared to Ethereum's $71.9 billion. The White House's announcement of a recent trade agreement between the U.S. and China has signaled a potential cooling in trade tensions, providing a boost to market sentiment. Meanwhile, institutional adoption continues to accelerate, with Coinbase's addition to the S&P 500 highlighting growing mainstream acceptance of digital assets. Technical Analysis Highlights TRX climbed from $0.264 to a peak of $0.276, representing a 4.8% range with above-average volume at key breakout points. Strong buying pressure established support at $0.265 during the 13:00-14:00 and 19:00 sessions. A notable resistance zone emerged around $0.275, with price consolidating near this level before a slight pullback. Consistent higher lows throughout the period suggest continued bullish momentum. In the last hour, TRX reached a peak of $0.276 at 07:48 before entering a sharp correction phase. Price declined approximately 0.9% from its hourly high to $0.273, with heavy selling volume (11.8M) at 08:08. A new support level was established around $0.274 with multiple failed attempts to reclaim $0.275. Recent price action indicates consolidation between $0.273-$0.274, with modest buying emerging near session lows. Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable. External References "Tron flips Ethereum in USDT supply amid growing on-chain activity", crypto.news, published May 13, 2025. "Tron Price Prediction 2025, 2026 - 2030: Can Tron Reach $1?", CoinPedia, published May 14, 2025.
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