TRX Pops 10% as Tether Injects $1B Into Tron, Traders Eye $0.245 Breakout
Tron (TRX) is back in the green, notching a strong recovery after a brief pullback—thanks in part to Tether’s latest $1 billion USDT mint on the Tron network. The move comes as global markets remain jittery over mounting trade disputes, but crypto, once again, is charting its own course.
Key Highlights:
- TRX bounced from a low of $0.221 on April 7 to $0.243 by April 10, nearly erasing the earlier 7.5% decline.
- A double-bottom pattern formed near $0.226, accompanied by a notable volume spike, signaling bullish reversal confirmation.
- TRX has broken above the 61.8% Fibonacci retracement level, often seen as the “make-or-break” line in technical circles.
- Support is solid at $0.238, with bulls now testing the $0.242-$0.245 resistance zone.
- Momentum built steadily over the past two days, with a sharp surge in the last trading hour: TRX gained 0.6% in 100 minutes, forming an ascending channel.
- The biggest volume burst hit between 10:52–10:58, pushing the token from $0.241 to $0.242.
- Even a minor pullback around 11:15 maintained a higher low at $0.241, keeping the uptrend alive.
Outlook:
All eyes are on $0.245—a psychological barrier and the next technical extension target. If TRX clears it with volume, a run toward prior highs could be on the table.
Meanwhile, Tether’s minting suggests institutional players remain active despite geopolitical noise. With USDT supply growing on Tron, the network continues to position itself as a key player in cross-border liquidity and DeFi infrastructure.
