TRX is currently around 0.329u, with limited volatility. It has been swinging around in a tight range of 0.32 to 0.33u.

Justin Sun’s stablecoin settlement project is doing very aggressively. Last year, the average daily USDT settlement volume exceeded Ethereum, reaching the number one spot across the network. The total stablecoin supply has reached over 80 billion, but the token price here has not kept up with this business growth. As the network gets used more and more, the token price is stuck in place—this divergence is quite obvious.

Recently, there has been a move on the institutional side. Anchorage Digital supported TRX staking this month. Institutions can now directly stake on the platform to earn yield, showing that compliance has advanced another step.

The previous all-time high was around 0.44u, which happened in December of the year before last. That rally was driven by the idea that Grayscale was considering adding TRX to its investment portfolio, along with the sentiment boosted by Justin Sun himself injecting $30 million into Trump’s family WLFI project.

At this level, the short-term moving averages are rising, suggesting the short-term trend is still okay. But the long-term moving averages have been weakening since June, and the medium-term direction is bearish.

Community sentiment right now is mostly bearish. It is underperforming the broader market and similar projects. Any short-term rebound would need a new catalyst to support a breakout #trx $TRX