What next for TRX after Tether freezes $344 million USDT? | Credit: Hameem Sarwar
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Key Takeaways
TRX is facing short-term pressure after Tether froze $344 million on the Tron network, raising regulatory concerns.
Despite the pullback, the Tron coin price still holds a bullish structure, but momentum is weakening near resistance.
Losing support around $0.32 could lead to a deeper drop toward $0.30, while reclaiming $0.33 may resume the uptrend.
Tron and Tether have been so closely linked for years that most TRX holders see them as part of the same story.
That’s why a US directive pushing Tether to freeze $344 million on the Tron network is weighing heavily on TRX right now.
At the time of writing, TRX is hovering around $0.33. But that level may not hold if the pressure continues.
Here’s what’s driving the move—and what could come next for TRX.
TRX Retraces Amid USDT Freeze
TRX’s recent pullback appears linked to renewed regulatory-driven market caution following Tether’s freeze of over $344 million in USDT across two wallet addresses.
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The action, carried out with the US Office of Foreign Assets Control and law enforcement, raised concerns about compliance risks and the movement of stablecoin liquidity across networks, including the TRON network.
“Tether maintains a zero-tolerance policy toward the criminal use of our financial products, including USDT, and has long followed OFAC guidelines regarding the Specially Designated Nationals (SDN) List,” the company noted.
As a result, some traders likely reduced exposure, triggering short-term weakness despite the altcoin’s broader bullish structure.
TRX Holds Critical Support
TRX is pausing beneath a critical resistance zone after a sustained climb, but the structure still leans constructive.
At the time of writing, the price has continued to print higher lows on the 4-hour chart, suggesting buyers remain active despite recent hesitation.
The asset has held above the $0.32 region even as upside momentum cooled. That defense keeps the broader bullish structure intact.
Meanwhile, TRX’s price remains compressed just below the $0.33 resistance ceiling, where repeated rejections have so far capped breakout attempts.
Notably, the altcoin has dropped below the middle line of the ascending parallel channel.
That setup matters. Prolonged consolidation under resistance often precedes expansion, especially when support keeps rising underneath TRX’s price.
The Moving Average Convergence Divergence (MACD) is flattening and leaning bearish, with histogram bars slipping deeper into negative territory.
That points to fading near-term upside momentum.
At the same time, the Relative Strength Index (RSI) has drifted below the 50 zone, reflecting neutral-to-bearish conditions.
The first support to watch sits near $0.32, while broader structural support rests around $0.30.
A loss of those levels would weaken the bullish thesis and shift focus toward a deeper corrective move.
TRX Price Analysis: Indicators Predict Pullback
TRX is holding firm near $0.33 after extending a steady multi-week uptrend, signaling that bullish momentum remains largely intact.
Price recently broke above the key $0.322 Fibonacci resistance level and briefly tested the $0.333 region before easing slightly.
Even so, buyers continue to defend higher levels, which keeps the broader structure constructive.
Notably, TRX’s price has respected a rising trendline since February, while consistently printing higher lows. That pattern often reflects sustained accumulation.
Meanwhile, the Awesome Oscillator (AO) histogram remains above the zero line, although bars have turned red.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
