TRX Rallies 10% as Tether Mints $1B on Tron Amid Global Trade Tensions

Amidst escalating trade tensions between global economies, the cryptocurrency market exhibits mixed responses, with Tron (TRX) demonstrating notable resilience. Tether's recent issuance of 1 billion USDT on the Tron network suggests ongoing institutional confidence despite market volatility.

Technical Analysis Highlights

TRX rebounded from a 7.5% correction, recovering from $0.221 on April 7th to reach $0.243 by April 10th. A clear double-bottom pattern formed around the $0.226-$0.227 support level, accompanied by significantly increased trading volume during the recovery, according to CoinDesk Research's technical analysis.

The 48-hour analysis reveals a strong uptrend, characterized by higher lows and higher highs, establishing robust support at $0.238 and resistance at $0.242. Fibonacci retracement levels indicate the current rally has surpassed the 61.8% retracement level of the previous decline. Momentum indicators suggest sustained bullish sentiment as TRX approaches the key psychological price point of $0.245.

Over the last 100 minutes of trading, TRX gained 0.6%, rising from $0.241 to $0.242, forming a distinct ascending channel pattern. Strong buying pressure was observed between 10:52 and 10:58, with TRX surging from $0.241 to $0.242 on above-average volume. A minor pullback to $0.241 around 11:15 established a higher low, reinforcing the uptrend. Fibonacci extension suggests $0.243 as the next potential price target, with immediate support at $0.241.

Disclaimer: This article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, please refer to CoinDesk’s full AI Policy. This article may incorporate information from external sources, listed below where applicable.

External References:

• TheNewsCrypto, "3 More Altcoins to Add to Your Portfolio If You Bought the Solana (SOL) Dip," published April 8, 2025.
• Cryptopolitan, "AI Predicts 22,140% Gains For Mutuum Finance (MUTM) & 405% For Shiba Inu (SHIB), But Says To Sell Tron (TRX) & Ripple (XRP) Fast," published April 7, 2025.
• Bitcoinist, "XRP To Flip Bitcoin This Cycle? Analyst Points To Major Bounce," published April 8, 2025.
• Bitcoin Sistemi, "New Statement from Tron (TRX) Founder Justin Sun on FDUSD Crisis," published April 5, 2025.
• U.Today, "Tron (TRX) May Flip Dogecoin (DOGE) Soon," published April 8, 2025.