TRX Jumps 10% Following $1 Billion Tether Mint on Tron Amid Escalating Global Trade Uncertainty -

TRX Rebounds Sharply as $1B Tether Mint Boosts Confidence Amid Trade Friction

While global trade tensions weigh on investor sentiment, Tron (TRX) is defying broader market uncertainty with a strong price recovery fueled by fresh capital inflows.

Tether’s $1 billion USDT issuance on the Tron blockchain this week has sparked renewed interest, providing a liquidity boost that coincided with a notable rebound in TRX’s price action.

Key Technical Developments:

TRX recovered from a sharp 7.5% correction, climbing from $0.221 (April 7) to $0.243 (April 10).
A double-bottom pattern around the $0.226–$0.227 zone served as the launchpad for the reversal, supported by rising volume.
The pair is now trading firmly in an uptrend, with support at $0.238 and resistance at $0.242, per CoinDesk Research’s technical model.
The recovery retraced over 61.8% of its recent downtrend on the Fibonacci scale, confirming bullish control.
Momentum indicators show strength as TRX approaches the $0.245 resistance, a critical psychological and technical level.
In the past 100 minutes, TRX gained 0.6%, forming a clean ascending channel pattern.
A strong volume spike occurred from 10:52–10:58, with TRX jumping from $0.241 to $0.242.
A minor pullback to $0.241 around 11:15 created a higher low, maintaining bullish structure.
Fibonacci extension analysis places the next potential upside target at $0.243, with immediate support holding at $0.241.