Tron (TRX) has shown remarkable momentum in Q3 2025, posting record-breaking growth in market capitalization. Despite a sluggish crypto market, it also achieved significant revenue increases.
Speculation about a potential Coinbase listing has further fueled optimism for a new bullish phase. The key question now: Can this excitement translate into a sustainable rally for TRX?
Q3 Performance and Key Figures
According to Messari’s report, by the end of Q3 2025, Tron’s (TRX) market capitalization had increased by 19% quarter-over-quarter to $31.6 billion. Meanwhile, network revenue surged 30.5% to $1.2 billion, marking new all-time highs.
Tron also remains among the top blockchains by monthly revenue, mainly due to its dominance in the USDT stablecoin ecosystem, which accounts for over 50% of the total circulating supply on the network.
Tron network performance. Source: Messari
Meanwhile, recent statements from Justin Sun have stirred speculation about a potential collaboration between Tron and Base. Some community members hope TRX could be the next token on Coinbase, following Binance Coin’s (BNB) listing.
While the potential listing remains uncertain, it could open the door for new capital inflows from US investors. Coinbase remains one of the most regulated and trusted exchanges in that context.
TRX Analysis: Target $0.35
From a TRX technical analysis perspective, several analysts have highlighted TRX’s bounce from its 250-day moving average, aligning with a Mayer Multiple of 1.0. This level has historically marked the start of past bull cycles.
According to a post by Crypto Patel, maintaining this long-term support zone has strengthened investor confidence. This is particularly true among medium-term holders who favor consistent performers amid market corrections.
Another analyst identified a cup-and-handle pattern in the 15-minute timeframe, a classic bullish continuation setup. If confirmed, the projected price target could reach around $0.35 based on the depth of the “cup.”
“Time to go all in. Nothing can beat this pattern, I’m pretty sure this is going to play out soon,” one trader confidently stated.
Analysis TRX/USDT, 15-min chart. Source: X
However, traders should note that this pattern only gains validity when trading volume spikes. The closing price must also break above resistance; otherwise, it risks being a false breakout.
In summary, TRX is currently benefiting from a confluence of strong fundamentals and technical signals. The Coinbase listing rumors act as a powerful short-term catalyst, but they also pose a risk if the news fails to materialize or faces regulatory hurdles.
Still, with network performance hitting all-time highs, sustained whale activity, and favorable chart structures, Tron appears to be reinforcing its position as one of the most profitable and resilient blockchain assets of 2025. If these conditions persist into Q4, the market could witness a decisive breakout that transforms TRX from a steady performer into one of the year’s standout winners in the ongoing TRX analysis narrative.
