TRX Surges as Trump-Backed USD1 Stablecoin Debuts on TRON

TRON climbs 6.7% as $TRX challenges the $0.2971 resistance. With RSI and MACD signaling bullish strength, a breakout could push the price toward $0.3226.

As bullish sentiment continues across the crypto market, Tron has surged nearly 7% on Tuesday. The extended uptrend now targets a breakout above the $0.30 resistance level.

WLFI Launches $USD1 on Tron

World Liberty Financial Inc., backed by U.S. President Donald Trump, has announced minting its $USD1 stablecoin on the Tron blockchain. Sharing the news in a recent tweet, Tron founder Justin Sun described the launch as a “giant leap for stablecoins.”

Notably, Justin Sun is the largest holder of TRUMP Token, the official meme coin associated with President Trump, and attended a dinner at the White House for major Trump Token holders.

The first $USD1 has officially been minted on TRON —
a small step for $USD1, a giant leap for stablecoins!https://t.co/KMLg8NcXw8

— H.E. Justin Sun 🍌 (@justinsuntron) June 11, 2025

Optimism Surges in Tron with Rising TVL and Open Interest

According to DeFiLlama, the total value locked (TVL) on the Tron blockchain has reached $5.118 billion. On June 6, the network also recorded an influx of 4.58 million returning user addresses.

Data from CoinGlass also shows a significant increase in optimism in the $TRX derivatives market. Open interest surged by 8.25% in the past 24 hours, reaching $329.90 million.

Furthermore, the open interest (OI) weighted funding rate has risen to 0.0097%, reflecting bullish sentiment among derivative traders. Notably, short liquidations over the past 24 hours were nearly double the amount of long liquidations, indicating a major wipeout of bearish positions.

Tron Price Analysis

On the daily chart, $TRX shows a bullish breakout above the intermediate resistance at $0.2860. It is now challenging the critical $0.2971 resistance level, which was marked by two peaks in December 2024.

Currently, $TRX is trading at $0.2923. As the uptrend gains momentum, the daily RSI line approaches the overbought zone, reflecting strong bullish sentiment.

Additionally, a recent positive crossover in the MACD and signal lines has triggered a resurgence in bullish histogram bars. These technical indicators support an optimistic outlook for $TRX.

A potential breakout above $0.2971 could propel the price toward the 50% Fibonacci level at $0.3226, as there are no significant resistance zones above. On the downside, critical support remains at $0.2806, followed by the 23.60% Fibonacci level at $0.2643.