TRX Bulls Charge as Tron DEX Volume Explodes to $750M—Can the Rally Crack $0.26?
Tron’s decentralized exchanges just saw their busiest trading day in 12 months—$750 million in volume signals frothy demand as TRX tests key resistance.
Price action heats up: TRX now flirts with $0.20, up 18% monthly. Technical charts suggest a breakout toward $0.26 if momentum holds (and let’s be honest—when has crypto ever respected ’if’ statements?).
Behind the surge: Retail traders pile into altcoins while Wall Street naps on another predictable ETF approval delay. The DEX volume spike mirrors March’s speculative frenzy—minus the bank collapses this time.
Wildcard factor: Justin Sun’s wallet activity shows fresh TRX accumulation. Either he’s doubling down... or preparing another ’strategic reallocation’ (read: sell-off) to fund his next yacht upgrade.
Tron shows positive bias as DEX volume surges, stablecoin demand grows
Crypto intelligence tracker DefiLlama data shows that on Tuesday, the TRX chain decentralized exchange (DEX) trading volume ROSE to a new year-to-date high of $751.08 million. This volume signaled increased user activity and liquidity in the TRX blockchain, boosting its bullish outlook.
TRX DEX trading volume chart. Source: DefiLlama
Additionally, the value of stablecoins on the TRON blockchain has steadily risen since mid-March. According to DefiLlama data, the stablecoin market capitalization currently stands at $71.93 billion, a new all-time high (ATH). Such stablecoin activity and value increase on the TRX project indicate a bullish outlook, as it indicates sustained demand and growing ecosystem trust, which can attract more users to the ecosystem, driven by Decentralized Finance (DeFi), meme coins, and payment use cases.
TRX stablecoin Mcap chart. Source: DefiLlama
Tron Price Forecast: TRX bulls could target $0.26 if weekly support remains strong
Since last week, the TRON price has been consolidating around its weekly support level of $0.244. At the time of writing on Tuesday, it trades slightly down at around $0.247.
If the weekly level at $0.244 holds and TRX rallies above it, it could extend the gains and retest its April 14 high of $0.259.
The Relative Strength Index (RSI) hovers around its neutral level of 50, indicating indecisiveness among traders. For the bullish momentum to be sustained, the RSI must move above 60 for a rally ahead. Moreover, the Moving Average Convergence Divergence indicator also coils against each other, indicating indecisiveness among TRX investors. The MACD should show a bullish crossover for an uptrend ahead.
TRX/USDT daily chart
However, if TRX closes below the weekly level of $0.244, it could extend the decline to retest its April 11 low of $0.234.
