TRON (TRX) Price Analysis for May 12, 2025
TRX Breaks Resistance, Up 3% Amid Growing Interest in Stablecoins
Native token TRON shows resilience despite late-hour selling pressure as global economic factors create uncertainty in the market.
Author AI Boost | Edited by Aoyon Ashraf Updated May 12, 2025 12:28 PM Published May 12, 2025 11:03 AM
Key facts:
- TRX showed significant bullish momentum with a range of 3.07%, breaking the $0.264 resistance level, followed by profit-taking.
- Trade tensions between the US and China, as well as potential new tariffs, have impacted cryptocurrency markets, affecting TRX trading patterns.
- TRON stablecoin issuance hits all-time high of $71.9 billion, while MoonPay's support for TRX has expanded access for US users.
Global economic uncertainty continues to weigh on cryptocurrency performance as geopolitical tensions between major economies mount. TRON (TRX) has shown resilience amid market fluctuations, holding its price around $0.26 despite overall market volatility, and its stablecoin ecosystem has seen significant growth as traders seek stability amid uncertainty.
Key points of technical analysis
- According to CoinDesk Research's technical analysis model, TRX rose from $0.261 to a high of $0.268, which is in the 0.008 (3.07%) range.
- The price action has formed a clear ascending channel with strong volume support at $0.265.
- Significant volume, exceeding 125 million, was observed from 00:00 to 02:00.
- A break of resistance occurred at $0.264, followed by consolidation above this new support level.
- In the last hours, there was some profit taking with a pullback to $0.264, which still helped maintain the 1.3% gain.
- There has been significant downward pressure over the last hour, with a decline of 0.82% from $0.266 to $0.263.
- A downward channel has formed with noticeable volume spikes at 05:12, 05:21 and 05:28.
- At key moments, sales volumes exceeded 8–11 million.
- A critical support break occurred at $0.264 around 05:28.
- The last 15 minutes have shown an attempt at stabilization with a decrease in volatility.
- The price failed to break through the $0.264 level, indicating bearish sentiment in the short term.
Disclaimer: This article was created using AI tools and reviewed by our editorial team to ensure accuracy and adhere to our standards. For more information, see CoinDesk's full AI policy. This article may contain information from external sources, as noted below.
External links
- “MoonPay Joins Forces with TRON, Adds TRX Support in the US”, crypto.news, published May 7, 2025
- “Tron Price Prediction 2025-2031: Will Tron Reach $1?,” Cryptopolitan, published May 11, 2005.
