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. This growth places Tron among the top blockchains in terms of monthly revenue, largely due to its dominance in the USDT stablecoin ecosystem, which accounts for over 50% of the total circulating supply on the network.
Recently, statements from Justin Sun have stirred speculation about a potential collaboration between Tron and Base. This has led some community members to hope that TRX could be the next token listed on Coinbase, following the successful addition of Binance Coin (BNB).
The potential listing, while still uncertain, could pave the way for new capital inflows from US investors. Coinbase stands as one of the most regulated and trusted exchanges, making it a significant factor in the equation.
TRX Analysis: Target $0.35
From a technical analysis perspective, several analysts have noted TRX’s rebound from its 250-day moving average, coinciding with a Mayer Multiple of 1.0. Historically, this level has indicated the beginning of previous bull cycles. According to a post by Crypto Patel, this long-term support zone has bolstered investor confidence, especially among medium-term holders looking for stability amid market fluctuations.
Another analyst has identified a cup-and-handle pattern within the 15-minute timeframe, a classic bullish continuation setup. If this pattern is validated, the projected price target could be around $0.35, based on the cup’s depth.
“Time to go all in. Nothing can beat this pattern, I’m pretty sure this is going to play out soon,” one confident trader stated.
However, it’s crucial for traders to remember that this pattern will only gain credibility if there’s a notable surge in trading volume. Additionally, for the analysis to hold, the closing price must break above key resistance levels; otherwise, there’s a risk of a false breakout.
In summary, TRX stands at a confluence of robust fundamentals and promising technical signals. The rumors surrounding a Coinbase listing are acting as a potent short-term catalyst, but they also pose a risk if the news fails to materialize or faces regulatory scrutiny. With network performance hitting historical highs and consistent whale activity, Tron is reinforcing its reputation as one of the most promising and resilient blockchain assets of 2025. If these trends continue into Q4, we could see a decisive breakout, potentially transforming TRX into one of this year’s standout performers.
