TRX Price Prediction: Breaking Out on Technical and Fundamental Strength

#TRX

• Technical Strength: TRX trades above key moving averages with Bollinger Band expansion
• Fundamental Catalyst: Tether's $1B minting on Tron boosts network utility
• Sentiment Shift: Resolution of negative headlines removes downward pressure

TRX Price Prediction

TRX Technical Analysis: Bullish Signals Emerge

TRX is currently trading at 0.28290000 USDT, above its 20-day moving average (0.273585), indicating a bullish trend. The MACD histogram shows a slight positive divergence (0.000124), though the signal line remains negative (-0.002267). Bollinger Bands suggest potential volatility, with the price NEAR the upper band (0.281469). According to BTCC analyst James, 'TRX shows resilience above key support levels, with room for upward movement if it holds above 0.273.'

TRX Market Sentiment: Institutional Adoption Fuels Optimism

Positive news flow surrounds TRX, including Tether minting $1B USDT on Tron's network and Justin Sun's rebuttals of allegations. BTCC's James notes, 'Institutional demand and network growth are key drivers. The DOJ hoax debunking removes short-term FUD, while stablecoin activity signals utility adoption.' Market sentiment leans bullish, aligning with technical indicators.

Factors Influencing TRX’s Price

TRON (TRX) Approaches Breakout as Institutional Adoption Grows

TRON's TRX shows bullish momentum, testing the $0.28 resistance level with a cup-and-handle pattern formation. The asset trades at $0.28, up 0.59% in 24 hours, as network activity reaches record highs—billions in daily stablecoin transfers underscore its robust infrastructure.

SRM Entertainment's $100 million treasury deployment marks a watershed moment, with 365 million TRX staked for potential 10% annual yields. The firm's rebranding to TRON Inc. and proposed dividend distribution from staking rewards signals deepening institutional commitment to the ecosystem.

Market observers note TRON's quiet dominance in transactional throughput, with network fundamentals—millions of active users and sustained stablecoin volume—positioning it as a dark horse in the layer-1 race. The SRM move exemplifies how yield-bearing blockchain assets are attracting traditional finance strategies.

Tron’s Justin Sun, Binance’s CZ Debunk DOJ Hoax

Both Binance founder Changpeng 'CZ' Zhao and Justin Sun, the founder of the TRON Blockchain, have individually debunked rumors that emerged from a Wall Street Journal post. The media outlet claimed CZ is providing evidence against Sun as part of a plea deal with US authorities. On April 11, the Wall Street Journal published a story about Binance executives meeting with Treasury Department officials in March, discussing ways to loosen US government oversight of the cryptocurrency exchange. Additionally, Binance mentioned exploring a business deal with the Trump family crypto venture, World Liberty Financial. However, both CZ and Sun have denied these allegations.

Justin Sun Calls CZ a Mentor, Denies Allegation Awareness

Tron founder Justin Sun has reaffirmed his loyalty to Binance's Changpeng 'CZ' Zhao, calling him a mentor and ethical role model. Sun denied awareness of rumors suggesting CZ cooperated with U.S. prosecutors against him. Sun emphasized strong ties with the DOJ and praised Trump's crypto stance, claiming TRX is positioned to thrive under U.S. policy.

Bitcoin Touches New Heights; Ethereum and TRON Show Movement

Bitcoin’s value has surged to $83,720, a 1.98% increase over the past 24 hours, bolstering its market capitalization to $1.661 trillion. Ethereum, despite a weekly decline of 10.85%, experienced a 2.64% rise over the past day, settling at $1,599. TRON (TRX) saw notable gains, rising by 5.47% daily and 5.75% weekly. The overall cryptocurrency market has reached $2.66 trillion, reflecting robust investor interest and the sector’s expanding influence. The crypto market presents both opportunities and challenges, emphasizing the need for informed investment strategies.

Justin Sun Refutes Allegations by Wall Street Journal Regarding CZ's Involvement

Justin Sun, the founder of Tron, has dismissed rumors that Changpeng Zhao (CZ), the former CEO of Binance, provided compromising information about him to U.S. authorities as part of CZ's judicial agreement. Sun took to social media to refute these allegations, stating that he hadn't heard about the rumors and that CZ remains his mentor and friend. The Wall Street Journal had published an article on April 11, claiming sources stated CZ collaborated with the Department of Justice against Sun.

Tether Mints $1 Billion USDT on Tron Network Amid Rising Stablecoin Demand

Leading stablecoins issuer Tether minted 1 billion USDT on TRON (TRX) network on Saturday, April 12, during the early Western financial markets. According to Paolo Ardoino, CEO of Tether, the 1 billion mint is an authorized but not an issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps. Meanwhile, onchain data shows that 450 million USDT were transferred from Tether treasury to HTX exchange a few hours ago.

Binance Founder Denies DOJ Deal to Testify Against Justin Sun

The crypto spotlight is back on Binance founder Changpeng Zhao (CZ), as a new Wall Street Journal (WSJ) report claims he agreed to provide evidence against TRON founder Justin Sun as part of his plea deal with the U.S. Department of Justice (DOJ). CZ has slammed the WSJ for publishing what he calls another “baseless” attack. Additionally, the report mentions Binance's attempt to persuade the Treasury to remove the appointed monitor overseeing them.

How High Will TRX Price Go?

TRX could test $0.30-$0.32 in the near term, supported by:

James cautions: 'Watch MACD crossover confirmation and 0.273 support for sustained momentum.'

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