TLDR
- TRX trades near $0.331 on the Binance daily chart and remains inside a rising channel.
- Key support sits at $0.328-$0.330, with resistance at $0.348-$0.350.
- The Canary Staked TRX ETF (TRXS) held about $50.18 million in assets as of Oct. 16.
- TRON processed about $2.21 trillion in stablecoin settlement in Q3.
- TRX supply rose by about 148.6 million tokens between July 1 and Oct. 16.
TRON (TRX) is trading near $0.331 on Oct. 19, according to the Binance daily chart. Price is holding inside a broad rising channel, even as the wider crypto market has been weak.
TRX opened near $0.3330 and reached a high of about $0.3331. It dipped to $0.3304 before settling slightly lower, down 0.38% on the day.
The chart looks orderly compared with many other large-cap altcoins. TRX has spent months in an ascending channel, bouncing off the lower boundary and failing near the upper one.
TRX Chart Analysis
TRX is sitting right on the lower channel line, and that $0.328-$0.330 zone has already pulled in buyers on the latest dip. The daily RSI is 44.29, under the neutral 50 line, so buyers are a bit soft. MACD is near flat, but the histogram just flipped slightly positive, which hints that selling pressure may be easing.
If support holds, a bounce toward $0.338-$0.340 is on the table, with $0.348-$0.350 as the tougher wall above. Lose the channel and $0.320 comes into play. What to watch next: a daily close above $0.340.
Analyst Token Talk (@TokenTalk3x) said TRX looks interesting after weeks of rejection inside a descending channel. He noted that TRX is now trying to break out and flip the structure bullish. If the breakout holds, he sees $0.3408 as the first target, then $0.3498.
$TRX looking interesting to me
after weeks of getting rejected inside this descending channel, TRX is finally breaking out and trying to flip the structure bullish
holding above the breakout could open the door to $0.3408 first, then $0.3498
let’s see if the bulls can actually… pic.twitter.com/oPAxbBdXUj
— Token Talk (@TokenTalk3x) October 18, 2026
ETF and Stablecoin Data
The Canary Staked TRX ETF (TRXS) launched in September. It held about $50.18 million in assets as of Oct. 16, up from around $49.3 million earlier in the week.
The fund holds roughly 150 million TRX and includes staking rewards in its structure. Assets have stayed near $50 million, without large inflows or withdrawals.
Stablecoin activity remains TRON’s main strength. The network processed roughly $2.21 trillion in stablecoin settlement in Q3, according to TRONDAO.
Average daily stablecoin volume rose to about $24.05 billion. Combined USDT and USDD supply reached roughly $93.88 billion, up 5.5% from the prior quarter.
TRON also passed $30 trillion in cumulative transaction volume during the quarter. Average monthly active addresses rose nearly 10% to about 18 million.
Q3 total value locked, including staking, reached about $28.21 billion. DeFi TVL excluding staking stood near $13.05 billion.
Analyst Lookonchain (@lookonchain) reported that TRON ranks first among all chains in 24-hour, 7-day and 30-day revenue. Its monthly revenue reached $23.41 million.
Tron ranks No. 1 among all chains in 24-hour, 7-day, and 30-day revenue, far ahead of other chains.
Its monthly revenue reached $23.41M.https://t.co/28rZKzvLEx pic.twitter.com/rM6JuEmmnM
— Lookonchain (@lookonchain) October 19, 2026
One counterweight is supply. TRX supply reportedly rose every day between July 1 and Oct. 16, with about 148.6 million TRX in net new supply as issuance exceeded burns.
Earlier this month, Polygon’s Open Money Stack expanded to TRON, adding access to U.S. payment rails. TRON also added Ethena’s USDe and sUSDe stablecoins.
Most recently, stablecoin balances on TRON have moved toward $95 billion.
