Tron (TRX) showed impressive momentum in Q3 2025, posting record growth in market capitalization. Despite the downturn in the cryptocurrency market, the company also achieved significant revenue growth.
Speculation about a possible Coinbase listing adds to the optimism for a new bullish phase. The key question here is: Can this excitement translate into a sustainable rise in TRX?
Third quarter results and key figures
By the end of the third quarter of 2025, Tron's (TRX) market capitalization was $31.6 billion, up 19% from the previous quarter, according to a Messari report. Meanwhile, network revenue rose 30.5% to $1.2 billion, a record high.
Tron also maintains its position as the top blockchain 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, Justin Sun's recent statements have sparked speculation regarding potential cooperation between Tron and Base. Some community members are hoping that TRX will become Coinbase's next token following the listing of Binance Coin (BNB).
A potential listing remains uncertain, but it could open the door to new capital inflows from U.S. investors. Coinbase remains one of the most regulated and trusted exchanges in its context.
TRX Analysis: Target $0.35
From a technical analysis perspective for TRX, several analysts have highlighted that TRX has rebounded from its 250-day moving average and is consistent with the Mayer multiple of 1.0. This level has historically marked the beginning of bullish cycles in the past.
According to a post by Crypto Patel, holding this long-term support zone strengthened investor confidence. This is especially true for intermediate-term holders who prefer investors that maintain stable performance even during market corrections.
Another analyst identified a cup-and-handle pattern on the 15-minute time frame, which is a typical bullish continuation setup. If this is confirmed, the expected price target could reach around $0.35, depending on the depth of the 'cup'.
“It's time to go all in. Nothing beats this pattern. I'm sure this will work out in the near future,” said one trader confidently.
Analysis TRX/USDT, 15 minute chart. Source: X
However, traders should note that this pattern will only be valid if trading volume spikes. The closing price must also break above the resistance line. Otherwise, you risk a false breakout.
In summary, TRX is currently benefiting from a combination of strong fundamentals and technical signals. Rumors of a Coinbase listing can act as a powerful catalyst in the short term, but it also poses a risk if the news doesn't materialize or faces regulatory hurdles.
Still, with record network performance, sustained whale activity, and favorable chart structure, TRON appears to be reinforcing its position as one of the most profitable and resilient blockchain assets of 2025. If these conditions persist into the fourth quarter, the market could witness a decisive breakout, transforming TRX from a stable performer to one of the standout winners of the year in the ongoing TRX analysis saga.
The post TRON Market Cap Reaches $31 Billion — Is Coinbase Listing Next?The post appeared first on BeInCrypto.
