Tron Price Soars 1% as Powell Speech at Jackson Hole Ignites Bullish Momentum – Bulls Eye 21% Gains

Highlights:

• Tron price soars 1% to $0.35 as the crypto market flashes green.
• This comes as Powell’s speech ignites bullish sentiment in the market.
• TRX bulls target 21% gains if the volume holds strong.

The Tron price has shown signs of life, pumping 1.53% to $0.35. Its daily trading volume is showing notable strength, up almost 1% to $1.14 billion. The recent surge comes as  Federal Reserve Chair Jerome Powell, in his speech at the Jackson Hole Economic Symposium, has raised an important controversy, as far as monetary policy is concerned, for the future.

Powell has noted that there is a changing scale of risks, and the central bank might have to make policy changes to confront mounting downside risks to employment. He has noted that labor supply is adjusted in accordance with the demand. This situation may cause pressure on the labor market.

SUMMARY OF FED CHAIR POWELL'S JACKSON HOLE SPEECH

1. Shifting balance of risks "may warrant adjusting policy"

2. Suggests downside risks to employment are rising

3. Labor supply has softened in-line with demand

4. Fed abandoning flexible average inflation targeting framework… pic.twitter.com/4q52rybGlr

— Real World Asset Watchlist (@RWAwatchlist_) August 22, 2025

In addition, Powell has declared that the Fed would let go of its flexible average inflation targeting regime. He has added that stable inflation expectations cannot be presumed, which indicates that the Fed is getting ready to cut the rates again in September. The actions by the Fed may determine the overall economic outlook in the future. 

Meanwhile, TRON is leading the charge in the development of stablecoins in the U.S. This comes as it recently came into the limelight with the passing of the Genius Act, which sets forth more direct guidelines by the United States government. The TRON network, which is already a leader in many aspects globally concerning the operation of stablecoins, has positioned itself to be a beneficiary of the changes. 

The GENIUS Act put stablecoins in focus in the U.S.

Globally, the #TRON network is already leading as the rail that makes them work.

Dive into the thread from @luganodes. https://t.co/H4SRrR92Nt

— TRON DAO (@trondao) August 21, 2025

This step is projected to lead to an increased mainstream adoption of blockchain technologies.

Tron Price Eyes 21% Gains as Bullish Sentiment Bolsters

In recent statistics, the derivatives platform of TRON is on a positive trend, although the trading volume has fluctuated slightly. The open interest on the platform has increased by 5.44%.  The long-to-short ratio as of the past 24 hours sits at 0.89, where long positioning exceeded the short positions.

A quick look at the Tron price daily chart shows TRX consolidating within a rising parallel channel, between $0.34-$0.37. The 50-day Simple Moving Average (SMA) at $0.32 is trending upward, crossing the 200-day SMA (blue line) at $0.26, signaling a bullish golden cross. This further upholds a long-term bullish outlook in the Tron market.

Zooming in, the Relative Strength Index (RSI) sits at 66.59, creeping toward overbought territory. However, there is still some room to run before TRX is considered overbought. The Moving Average Convergence Divergence (MACD) shows a looming buy signal, as the MACD line seeks to fly above the orange signal line. If this outlook is manifested, the Tron price could rally further. 

If Tron price stays above the key support zones, the altcoin will be in good shape. But if it falls below that, it could drop to around $0.32 safety net. However, if the trading volume stays strong, the price could rise 21% to reach $0.44.