Tron Network Sees Record-Breaking Stablecoin Supply

The recent increase in stablecoin supply on the Tron network is drawing attention to the potential for TRX to stage a meaningful recovery.

According to data from CryptoQuant, the USDT supply on Tron's TRC20 network has surpassed $86.7 billion, marking a new all-time high.

This surge in liquidity has led to speculation about whether TRX can break above its resistance level of $0.35 and potentially reach the next technical cluster around $0.38-$0.40.

However, it's worth noting that the price structure is still uncertain, and a breach below $0.30 could accelerate selling towards $0.27.