The post TRX Price Rebounds On Trump-Backed Stablecoin Launch: Can Bulls Break $0.30? appeared first on Coinpedia Fintech News Tron hosts a USD₵1 stablecoin backed by World Liberty Financial, linked to Trump and Justin Sun. Stablecoin market cap on Tron surged $1.86B in 7 days, now at $79.04B. Justin Sun joined Trump’s pro-crypto dinner circle in May 2025. TRX is showing signs of fading momentum near the $0.286 resistance level. On-chain data shows 60.03% of holders remain in profit, lowering sell pressure. TRX is consolidating near $0.275, and bulls must reclaim $0.286 to regain trend control. Trump-Backed Stablecoin Sparks TRX Momentum TRX price regained investor attention after World Liberty Financial launched the Trump-linked USD₵1 stablecoin, backed by Justin Sun. Minted on Tron, it coincides with th e TRX testing $0.286 resistance. Justin Sun confirmed the launch on X, with on-chain validation via TRONSCAN. Network metrics surged, with Tron’s stablecoin cap rising from $77.18B on June 10 to $79.04B on June 12, a $1.86B increase in just two days, alongside a new user activity peak. Justin Sun the Founder of TRON cryptocurrency was among the top contenders invited to Trump’s crypto dinner in May 2025, signaling deeper alignment with U.S. pro-crypto policy and boosting sentiment around the TRON ecosystem. TRX/USD Loses Steam After Rejection Compared to earlier in June, when Tron Coin was attempting a clean breakout above $0.286 with bullish momentum behind it, the current setup presents a more cautious tone. Previously, TRX was in the midst of a rally, gaining over 7.45% weekly and pushing toward the $0.30 psychological level. As of now, price has retreated back to $0.274, testing key trendline support. The failure to close above $0.286 — now a confirmed multi-test resistance — signals exhaustion rather than continuation. Momentum Divergence: RSI (14) has declined from 61.89 to 57.59, reflecting waning bullish strength. While still above neutral, the negative slope hints at declining momentum. Stochastic RSI is flattening after a recent bullish crossover, with the gap between 65.85 and 43.74 narrowing. This shows indecision among short-term traders. MACD histogram is fading, and the crossover curve has flattened — unlike the sharper positive divergence seen earlier this month. Resistance: $0.286 (multi-test), $0.290 (short-term breakout), $0.30 (psychological). Support: $0.275 (trendline), $0.268–$0.276 (accumulation zone). Momentum indicators suggest a stall. If $0.275 fails, downside may accelerate. On-Chain Metrics: Confidence Builds, But Resistance Holds DeFiLlama shows 2.31M returning users on June 12 — slightly below the June 6 peak of 4.58M, signalling decline in network activity. According to IntoTheBlock, 60.03% of TRX holders are currently in profit, up roughly 3% since the stablecoin news, while 32.18% are at breakeven and 7.80% remain in loss. This suggests reduced sell pressure from profitable holders, though the high concentration of breakeven wallets around $0.281–$0.290 may still act as near-term resistance unless volume and sentiment strengthen. This reduces selling pressure. Still, many breakeven holders near $0.281–$0.290 reinforce resistance. TRON’s stablecoin market cap is now $79.04B, rising $1.86B in 7 days. USDT dominates with 99.01% share, confirming Tron’s relevance in stablecoin flows. TRX Outlook: Can the Rally Sustain or Is a Cool-Off Inevitable? TRX sits at a pivotal zone where technical fragility meets growing on-chain strength. If bulls reclaim $0.286 and trigger a daily close above, momentum could rapidly accelerate toward $0.290 and $0.30 zones that would validate the recent breakout narrative. Should this move coincide with an uptick in whale activity or stablecoin inflows, expect broader market confidence to follow, possibly pushing the price even higher. In that scenario, $0.32 becomes a feasible short-term extension. However, if the price continues to hover below $0.286 without new volume or catalyst support, consolidation could extend. A breakdown below $0.275 would open the path to $0.268, especially if momentum metrics like MACD and RSI continue to weaken. As of now, TRX holds in a neutral-bullish structure, but time is running short for buyers to defend the trend. The next 48–72 hours will likely dictate whether TRX rallies or rolls into deeper correction
