During Wednesday’s U.S. market session, the Bitcoin market recorded a notable outflow following President Trump’s decision to implement 25% tariffs on the European Union.

As selling pressure accelerated, most major altcoins, including TRX, extended their correction trend. However, the TRON price is nearing major support amid its growth in transaction volume, indicating the potential for a bullish turnaround.

President Trump’s decision to impose 25% tariffs on the European Union during Wednesday’s U.S. market session triggered a significant outflow in the Bitcoin market.

As this selling pressure unfolded, most major altcoins continued their correction, but one cryptocurrency is approaching a key support zone amid a surge in transaction volume, hinting at a potential bullish turnaround.

TRON (TRX) has taken the lead in altcoin transactions with a 41.6% share of the total market, a recent CryptoQuant report noted.

The large volume of USDT transfers and DeFi activity on TRON contributed to its dominant role in the blockchain ecosystem.

The attached chart, which tracks transaction percentages across major altcoin networks (excluding Solana and Binance Smart Chain), shows that TRON has consistently maintained around 40% of the total share.

If this trend persists, TRON will become the preferred blockchain for high-frequency transactions, ultimately attracting more developers and investors.

These developments should prevent TRX from undergoing major corrections and key support zones.

Channel Pattern Correction Hints Potential Rebound For TRX Price

The TRON price shows a slight downward trend as it moves within two trendlines amid the broader market volatility. A series of lower highs and lower lows formed a falling channel pattern on the daily chart.

These trendlines typically act as dynamic resistance and support before buyers accumulate enough momentum to break out to higher prices. But in a three-day fall, the TRON price dropped from the upper trendline at $0.249 to $0.225, falling 9.5%.

If the pattern holds, the altcoin could fall 12% to reach support at the lower trendline. As long as this support holds, TRX buyers could regain momentum and break out of the resistance trendline for a larger recovery.

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