Tron’s TRX token has outperformed the broader crypto market so far in 2026, up circa 15.5% versus the sector’s 35% drop. Can these gains continue in July?
The TRX/USD pair appears to be forming a cup-and-handle pattern after holding firm through the post-May correction. The token built a rounded base near $0.3150 in June before rebounding toward the neckline at $0.3339.
A decisive daily close above $0.3339 would confirm the pattern and open the door to an 8% rally toward $0.3552, based on the measured move from the cup structure, in July.
Failure to clear the neckline, however, could keep TRX range-bound near its handle support area.
For now, TRX remains one of the few major crypto assets showing both relative strength and a clear bullish continuation setup in an otherwise weak market.
TRON’s strength is not purely technical. The network remains one of the main rails for USDT transfers, giving it a utility-driven demand base even during broader market stress.
TRON processed about $2.0 trillion in USDT transfers in Q1 2026, accounting for 36.3% of all USDT transfer volume across tracked chains, according to Messari. Its average daily USDT transfer volume stood at $21.9 billion during the quarter.
That activity matters for TRX supply.
TRON burns a portion of transaction fees, linking network usage directly to TRX supply dynamics. However, the network was not net deflationary in Q1 2026. TRON DAO reported 352.3 million TRX minted versus 281.8 million TRX burned, resulting in about 70.5 million TRX in net issuance for the quarter.
Still, TRON’s high stablecoin throughput, large transaction count, and fee generation help explain why TRX has held up better than most crypto assets during the broader market correction.
TRX is forming a rising triangle on the two-week chart, a bullish continuation setup marked by flat resistance near $0.35 and higher lows along an ascending trendline.
The structure shows buyers steadily absorbing sell pressure while defending dips above the 20-period EMA near $0.3135. TRX also remains well above its 50-, 100- and 200-period EMAs, confirming that the broader trend still favors bulls.
A decisive two-week close above the $0.35 resistance zone would confirm the triangle breakout. Based on the pattern’s measured move, TRX could then target the $0.69 area, implying a potential 110% upside from current levels.
The RSI near 56 suggests momentum is constructive but not overheated, leaving room for another leg higher if volume expands on the breakout.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.