Tron (TRX) is experiencing bullish momentum driven by rising spot demand and strong network activity, suggesting a potential breakout above $0.35.
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TRX recorded over 8.29 million USDT transactions last week, indicating deepening adoption.
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Mid-sized transactions between $101 and $1,000 accounted for nearly 39% of activity, reflecting increased utility.
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96.38% of TRX holders are in profit, reducing sell pressure and supporting price stability.
Tron (TRX) is showing bullish momentum with rising demand and strong network activity, indicating a potential breakout above $0.35. Read more for insights.
| Key Metrics | Value | Comparison |
|---|---|---|
| USDT Transactions | 8.29 million | Week-over-week increase |
What is the current trend for Tron (TRX)?
The current trend for Tron (TRX) indicates bullish momentum, characterized by rising spot demand and strong network activity. This trend suggests a potential breakout above the $0.35 resistance level.
How does network activity impact TRX price?
Increased network activity typically correlates with higher demand for TRX. Recent data shows that mid-sized transactions have surged, indicating broader adoption among users. This trend supports a bullish outlook for TRX prices.
Frequently Asked Questions
What is the significance of TRX’s transaction volume?
TRX’s transaction volume is significant as it reflects growing adoption and utility within the crypto ecosystem, indicating a healthy demand for the token.
How does the current market sentiment affect TRX?
The current market sentiment is bullish, driven by strong buying activity and low sell pressure, which supports TRX’s price stability and potential growth.
Key Takeaways
- TRX shows bullish momentum: Rising spot demand and strong network activity indicate potential price increases.
- High transaction volume: Over 8.29 million USDT transactions last week highlight growing adoption.
- Profitability among holders: 96.38% of TRX holders are in profit, reducing sell pressure.
Conclusion
In summary, Tron (TRX) is experiencing a bullish phase driven by strong network activity and rising demand. With a significant percentage of holders in profit, the outlook remains positive as TRX approaches key resistance levels. Continued market support will be crucial for sustaining this momentum.
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Tron (TRX) is experiencing bullish momentum driven by rising spot demand and strong network activity, indicating a potential breakout above $0.35.
-
TRX recorded over 8.29 million USDT transactions last week, indicating deepening adoption.
-
This growth was driven by mid-sized transactions between $101 and $1,000, which made up nearly 39% of the activity.
Tron (TRX) is showing bullish momentum with rising demand and strong network activity, indicating a potential breakout above $0.35. Read more for insights.
Will Tron break out as it retests a key resistance level?
TRX has been on a consistent upward trajectory since mid-June, forming a parabolic curve that pushed it from around $0.26 to the current $0.3393 price, at press time.
It now approaches a key resistance zone between $0.344 and $0.351, defined by the 0.786 Fibonacci level and previous rejection wicks.
The next logical target would be the 1.618 Fib extension at $0.371, provided bulls break this barrier. Therefore, the structure remains bullish.
However, any rejection at this zone could trigger a retest of the ascending trendline. The rally’s strength now depends on continued buy pressure and overall market support.
Source: TradingView
Is spot market demand strong enough to push Tron higher?
The 90-day Spot Taker CVD indicator shows dominant Taker Buy activity, meaning buyers have consistently led the action in the spot market.
This kind of buyer dominance typically precedes sustained rallies, as it reflects organic accumulation rather than speculative hype from derivatives.
Unlike limit orders, taker buys represent immediate execution demand, signaling urgency and conviction.
As a result, TRX’s current price levels are supported by strong spot market confidence, not short-term speculation.
This strengthens the case for the ongoing uptrend to continue, especially if TRX can flip resistance into support.
Source: CryptoQuant
Does high profitability reduce the chance of a Tron sell-off?
TRX’s on-chain data revealed that 96.38% of holders were “in the money,” at press time, totaling over 90 billion TRX.
Only 2.92% were out of the money, suggesting that most participants have little incentive to exit their positions at current prices.
This high profitability ratio creates a favorable psychological backdrop where long-term holders are more likely to stay patient.
Additionally, low levels of underwater holders reduce panic-driven sell pressure, especially near resistance zones.
Source: IntoTheBlock
Will derivatives support the next leg of TRX’s rally?
Derivatives data reinforced bullish momentum, with volume rising 11.77% to $355.86 million and Open Interest (OI) climbing 6.82% to $554.16 million, at the time of writing.
These metrics suggest renewed trader engagement and positioning in favor of continued upside.
OI growth typically signals confidence among futures traders, especially when accompanied by rising volume.
This combination reflects conviction, not indecision.
Source: CoinGlass
Can TRX turn resistance into support and extend toward $0.371?
TRX’s rally is driven by strong network activity, dominant spot buying, and increasing derivatives volume. With 96% of holders in profit and minimal sell pressure, momentum remains bullish.
If buyers can sustain demand and break above the $0.35 resistance zone, the next target lies near $0.371.
However, maintaining this trajectory will depend on continued conviction across both spot and futures markets in the days ahead.
