TRX Price Prediction: Can the Trump Meme Coin Rally and Tether Move Propel TRX to $1?

#TRX

• Technical Breakout: TRX trading above 20-MA with converging MACD suggests bullish momentum
• Tether Consolidation: USDT focusing on TRON blockchain increases fundamental utility
• Political Catalyst: $100M TRUMP meme coin commitment creates speculative demand

TRX Price Prediction

TRX Technical Analysis: Bullish Signals Emerge Above Key Moving Average

TRX is currently trading at $0.2998, firmly above its 20-day moving average of $0.280975, suggesting bullish momentum. The MACD histogram shows narrowing bearish momentum at -0.004064, while price sits NEAR the upper Bollinger Band ($0.298161), indicating potential overbought conditions. 'When TRX holds above the 20-MA with MACD convergence, we typically see continuation patterns,' says BTCC analyst Michael.

TRX Gains Fundamental Support From Tether Consolidation and Political Meme Coin Boom

Tether's decision to focus USDT issuance on TRON and ethereum creates structural demand for TRX as the primary gas token. Combined with Justin Sun's $100M TRUMP meme coin commitment, 'we're seeing perfect storm conditions for TRX adoption,' notes BTCC's Michael. The Trump tariff announcement adds macro volatility that historically benefits crypto.

Factors Influencing TRX's Price

Tether to Discontinue USDT on Five Legacy Blockchains, Focusing on TRON and Ethereum

Tether, Inc. announced it will sunset support for USDT on five legacy blockchains—Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand—effective September 1. All remaining tokens on these chains will be frozen as the stablecoin issuer shifts focus to its most active networks, TRON and Ethereum.

The MOVE reflects Tether's strategy to optimize infrastructure based on usage trends. Chains like EOS, with just 4.3 million USDT in circulation, will need to rebuild stablecoin liquidity. Omni and SLP hold significantly larger balances at 87 million and undisclosed amounts, respectively.

'As the digital asset ecosystem evolves, Tether remains committed to adapting alongside it,' said CEO Paolo Ardoino. The decision prioritizes scalability and developer activity, aiming to drive the next phase of stablecoin adoption.

Holders of legacy USDT must migrate assets before the freeze. Tether will allow reissuance on supported chains, though users may need third-party tools for swaps depending on storage methods.

Trump's Tariff Announcement Sparks Market Movements, Crypto Mentioned

Former President Donald TRUMP announced new trade tariffs targeting Brazil and 21 other countries, including a 50% duty on imported copper effective August 1. The move triggered immediate market reactions, with the Dow Jones Industrial Average gaining 0.5% and the S&P 500 rising 0.2%. The Nasdaq Composite briefly hit a record high before stabilizing.

In a Truth Social post, Trump celebrated market performance, declaring "CRYPTO, 'Through the Roof!'" alongside record highs for tech and industrial stocks. The statement comes as Nvidia shares have surged 47% since Trump's previous tariff measures. The former president framed the tariffs as economic strengthening, claiming the U.S. is taking in "Hundreds of Billions" while experiencing "NO INFLATION."

Brazilian markets reacted sharply to the 50% tariff announcement, with the iShares MSCI Brazil ETF (EWZ) dropping 2%. President Luiz Inacio Lula da Silva vowed to respond using Brazil's economic reciprocity laws. The tariffs were partially framed as retaliation against legal proceedings targeting former Brazilian President Jair Bolsonaro.

Tron Founder Justin Sun Commits $100M to TRUMP Meme Coin Amid Blockchain Integration

Justin Sun, the founder of Tron, has announced a $100 million investment in the TRUMP meme token. The move follows reports that TRUMP will soon integrate with the TRON blockchain, signaling a strategic push into politically themed digital assets.

The commitment underscores the growing intersection of cryptocurrency and cultural narratives. Meme coins, once dismissed as speculative novelties, are increasingly attracting institutional-scale capital and infrastructure support.

Will TRX Price Hit 1?

While TRX shows strong technical and fundamental momentum, reaching $1 would require a 234% surge from current levels ($0.2998). Key factors to watch:

'The $1 target is achievable but requires sustained capital inflows and ecosystem growth through 2026,' says BTCC's Michael. 'Watch the $0.35 resistance level as first confirmation of breakout potential.'