TRON strengthens its position: $11.4 billion in USDT and new horizons

The TRON (TRX) network continues to gain momentum in the field of processing stablecoin transactions. According to blockchain data, over the past 24 hours, the volume of USDT transfers in the network amounted to $11.4 billion, of which $1.83 billion were sent to centralized exchanges.

The total number of transactions reached 1.89 million, which confirms the high liquidity of the network. Among the key factors of popularity are low fees and high speed of transactions. Exchange transfers account for 6.17% of the total number of transactions, which emphasizes the strategic role of TRON in the crypto ecosystem.

TRX is currently trading at $0.2336, which is 4.11% lower than the previous day, but the weekly increase was 1.46%. Market capitalization is $20.12 billion, daily trading volume is $1.37 billion.

Technical indicators are signaling a possible increase in volatility. Bollinger Bands (BB) are narrowing, indicating a quick price movement. The resistance level is $0.2369, support is $0.2259. In case of an upward breakout, TRX may rush to $0.25, but if it consolidates below the support, a long consolidation is likely. Stochastic RSI at 58.30 demonstrates a moderately bullish sentiment, and Aroon Indicator at 71.43% confirms the dominance of the uptrend.

Statistics show that 91% of TRX holders are in profit, and only 5% have recorded losses. This means that most investors purchased the asset at lower levels, which reduces the likelihood of sharp sell-offs.

At the same time, 79% of the total TRX volume is concentrated in the hands of large holders, which can ensure rate stability, but also create risks when they decide to take profits. Over the past week, the volume of transactions over $100,000 reached $2.13 billion, which indicates significant activity from institutional investors.

A net outflow of TRX from exchanges of $68.72 million was also recorded, which is traditionally considered a bullish signal.

Interest in TRON is not limited to financial indicators. Recent rumors hint at the possible integration of TRX into new cryptocurrency initiatives, but there is no official confirmation yet. The attention of market participants is riveted on further developments that could affect the trajectory of the asset.