Tron has surged by 15% in just a week, and TRXUSD is gearing up to break out from a four-month consolidation phase. With the expansion of decentralized finance (DeFi), support from World Liberty Financial, and increased stablecoin activity, there’s buzz about TRX hitting $1 soon.

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At the time of writing, TRX is trading around $0.256, indicating a 15% rise over the past week. However, it has been confined within a price range for four months, with the upper limit at $0.30 and the lower limit at $0.20.

Is TRON Ready to Break Out?

TRX appears poised for a breakout above $0.30 in the upcoming trading days. If it breaks this threshold, it’s anticipated that earlier buyers from Q4 2024 might soon intervene, driving the price upwards of $0.40 in a continuation pattern.

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Trump-Backed World Liberty Financial to Buy TRX

A significant factor behind the bullish sentiment is that World Liberty Financial, which has ties to the Trump family, may invest heavily in TRX among other cryptocurrencies. The amounts and details of the investment remain unclear, but the potential political backing could enhance market sentiment.

“We @trondao continue to increase our investment in World Liberty Financial with an additional $45 million, totaling $75 million.”

— H.E. Justin Sun 🍌 (@justinsuntron)

Expansion of Tron Ecosystem

The Tron ecosystem is witnessing robust growth, with a total value locked (TVL) exceeding $4.9 billion according to DeFiLlama. Should DeFi adoption escalate as seen in 2021, TRX could benefit greatly from this increased demand, particularly for gas fees when transacting.

Recent statistics show daily activity around $120 million in decentralized exchanges, with more than 2.6 million active addresses and a USDT market cap surpassing $68 billion. If new regulations favorable to stablecoins arise under the Trump administration, Tron could lead in the space.

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