Price forecast for TRON: TRX is targeting a 40% breakout as Tether mints 1 billion USDT on the network:

The bullish structure of TRX aims for a 40% move to reach a record level of $0.4501, after a rally of 54% from April's lows.
Tether conducted an additional minting of 1 billion USDT stablecoins on the TRON blockchain, increasing the total supply to 83 billion USDT.
Investor interest in TRX remains strong, supported by a stable funding rate and high open interest in futures.
TRON (TRX) price continues to rise confidently, trading at a price of $0.3227 on Monday. The smart contract token shows a growth of 54% compared to the April lows, with an increase of 17% since the beginning of July.

Interest in TRX appears to remain stable, based on key trends and indicators in the derivatives market, particularly the funding rate of futures and open interest (OI). At the same time, technical indicators confirm a bullish sentiment, significantly increasing the likelihood that TRX will continue its breakout to its record level of $0.4501.

Tether produces 1 billion USDT on the TRON blockchain
The company Tether, which issues the largest stablecoin USDT, has created an additional 1 billion USDT on the TRON blockchain, according to on-chain data presented by Spot on Chain.
"In the last 25 days, Tether has issued a total of 8 billion USDT on both TRON ($2 billion) and Ethereum ($6 billion)," emphasized Spot On Chain on X.

Currently, the circulating supply of USDT on the TRON protocol is approaching 83 billion tokens, highlighting the role of blockchain in the Tether ecosystem.

It is expected that the demand for stablecoins will sharply increase in the coming months following the passage of the GENIUS Act into law in the US earlier this month. The legislation aims to regulate the development and issuance of stablecoins in the US at both the state and federal levels.

Consumer and stakeholder protection is a key aspect of the GENIUS Act, which is expected to foster financial innovation and connect the crypto industry with the traditional financial system.

As for TRON, interest in the token is steadily growing, as evidenced by the weighted funding rate chart below. The consistent increase in this fundamental indicator indicates bullish momentum, supported by higher demand for long positions compared to short positions. This also means that more traders have a bullish sentiment, using leverage to bet on price increases.

The subsequent increase in open interest for futures (OI), which represents the nominal value of all outstanding futures or options contracts, enhances the growing confidence in the ecosystem, especially considering the increase in the supply of the stablecoin USDT from Tether in the network.

After peaking at around 541 million dollars on July 23, the OI averaged 492 million dollars on Monday. Traders should keep an eye on the chart below in the coming days to assess investor confidence in TRX, especially with bulls aiming for a breakout to record values of 0.4501 dollars.

Technical forecast: TRX bulls maintain control
The price of TRON remains bullish, supported by growing interest in the derivatives market, steady increases in spot volume, and reliable technical signals.

The MACD indicator ( convergence/divergence of moving averages ) ( suggests to maintain the position, as the buy signal was activated on July 7, when the blue line crossed the red signal line on the 3-day chart.

The price of TRON continues to move upwards, despite a steady rise in the Relative Strength Index )RSI(, which is currently in the overbought zone at 76, but shows no signs of fatigue. This means that the bulls still have the opportunity to push the token to higher levels, aiming for a record high of $0.4501.

Since the RSI is overbought, traders should also temper their bullish expectations. Extremely overbought RSI levels are often precursors to sudden pullbacks. In the case of a prolonged correction, traders may need to broaden their horizons to the 50-period exponential moving average )EMA( at $0.2703, the 100-period EMA at $0.2416, and the 200-period EMA at $0.1992 for preliminary support on the 3-day chart.

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