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Cryptocurrency News Articles
TRON (TRX) Price Prediction: Will This USD1 Stablecoin Launch Send the Token Toward $0.3230?
Jun 12, 2025 at 01:00 pm
Tron's blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next.
In the ever-evolving landscape of cryptocurrency, staying ahead of the curve is crucial for traders seeking to capitalize on emerging trends. As we delve into the realm of TRX, the native token of Tron, recent developments have sparked traders’ interest, setting the stage for potential opportunities.
Rising From the Dust
Following a 6% climb on Tuesday, TRX broke through the resistance at $0.2875, paving the way for a potential rally toward the 50% Fibonacci retracement level at $0.3230. A clean break past the 23.6% Fib mark of $2645 could propel the token to hit the 50% Fib at $0.3230. However, if sellers manage to maintain control and push the price below the support at $0.2808, it could open the door for a decline to the 38.2% Fib level of $0.2485.
As of 07:00 ET on Tuesday, TRX was trading at $0.2920.
A Giant Step For Stablecoins
The first USD1 has officially been minted on TRON – a small step for USD1, a giant leap for stablecoins!
— H.E. Justin Sun 🍌 (@justinsuntron) June 11, 2025
The move comes after World Liberty Financial Inc.’s new USD1 stablecoin went live on the blockchain. The issuer has ties to former US President Donald Trump, and Justin Sun, founder of Tron and the largest holder of the Trump Token meme coin, described the launch as a “giant leap for stablecoins.”
Sun also attended a White House dinner for top Trump Token holders. This, combined with the stablecoin launch, has brought fresh attention to Tron’s ecosystem.
DeFi Llama stats showed that the total value locked on Tron crossed the $5 billion mark. On June 6, the network saw 4.50 million returning user addresses. This suggests that users are returning to Tron’s decentralized finance apps, but it remains to be seen if the funds will stay put or if users are chasing higher yields on other chains.
Derivatives traders upped their bullish TRX bets, CoinGlass data showed. TRX derivatives open interest rose by 8.25% in the past 24 hours to $329 million. The weighted funding rate on derivatives surged to 0.098%, indicating that bullish long positions outweighed short positions.
Short liquidations were almost double that of longs in the past day, settling a bearish wave that began when TRX broke the $0.2780 support.
Technical analysis showed that the Relative Strength Index (RSI) on the daily chart was approaching the overbought region, suggesting increased buying pressure. A recent MACD crossover pushed the histogram bars into positive territory, indicating that momentum favored the buyers.
Bitcoin pullback could drag altcoins lower, while a fresh rally could lift TRX even more. For now, the combination of a big-name stablecoin launch, rising TVL, swelling open interest and positive technical signals gives Tron fans reason to watch for a potential breakout.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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