Tether: Mints 1B USDT on Tron
Tether minted 1B USDT on Tron at $0.33 TRX price, boosting liquidity amid bullish trends; TRX price prediction sees potential upside.
SourceAnalysis
Tether just minted another 1B USDT on the Tron blockchain, signaling fresh liquidity injection into crypto markets as Bitcoin (BTC) hovers near key levels.
This latest issuance follows a pattern of aggressive USDT expansions on Tron, which handled over $50B in transfers last quarter alone, underlining its dominance in stablecoin flows and potential ripple effects on TRX price prediction amid rising crypto market volatility.
From a technical confluence standpoint, TRX trades at $0.33 right in the upper Bollinger Band resistance, testing exhaustion while the MACD flashes a bullish golden cross at 0.0, confirming upward momentum. With RSI neutral at 54.28, price holds above the EMA50 support at $0.32 and well clear of the EMA200 at $0.22, setting up for a probable push higher if liquidity from this USDT mint fuels buying—watch for breakout above $0.33 to target fresh highs in this bullish trend.
Lookonchain
@lookonchainLooking for smartmoney onchain