TRON traded near $0.349 after a steady three-month rally, with live market data showing a small intraday decline. Summary TRON traded near $0.349 as RSI moved above 75, showing strong but stretched momentum. Santiment said crowd FUD may support TRX as skeptical traders keep doubting the rally. TRON’s USDT role remains a major growth driver, but scrutiny over illicit flows persists. Crypto.news price data also placed TRON (TRX) near $0.351, with a 24-hour range of $0.349241 to $0.352492. The same data showed a market cap above $33 billion and 24-hour volume near $447 million. Meanwhile, Santiment said TRON has gained about 26% over the past three months, while crowd discussion remains mixed. The analytics firm linked part of the rally to persistent doubt around the project and its founder, Justin Sun. The firm said many traders still view TRON as “too risky” or “too controversial” compared with newer crypto themes such as AI and DeFi. It also argued that markets often move against crowd expectations when sentiment becomes too one-sided. TRX chart shows strong momentum TradingView chart shows TRX in a clear uptrend from early February lows near $0.27 toward the $0.35 area. Price action has formed higher lows and higher highs through March, April, and early May. The RSI reading sits at near 76, above the 70 level often used to mark overbought conditions. That suggests strong buying pressure, but it also shows the rally may be stretched in the short term. At the same time, the MACD line sits at 0.00777, above the signal line at 0.00664. That setup still supports bullish momentum, while the histogram remains positive at 0.00112. Source: TradingView However, the latest candles show TRX pausing near the recent high. If buyers keep price above the $0.34 to $0.345 area, the trend may stay supported. A move below that zone would point to a deeper cool-off after the recent climb. USDT activity remains central to Tron TRON’s role in stablecoin transfers remains one of its largest market drivers. Earlier crypto.news coverage said TRON had extended its USDT lead over Ethereum, with rising active addresses and record weekly transaction volumes linked to stablecoin use. That same stablecoin activity has also drawn scrutiny. Crypto.news previously reported that Tether froze USDT across Ethereum and Tron addresses, while a Tether-backed crime unit later froze more than $300 million in illicit assets. Moreover, TRON has also gained wider market visibility. As crypto.news reported, Moscow Exchange plans to add a TRX index from May 13, using pricing data from Binance, Bybit, OKX, and Bitget for professional investors. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
