TRON On-Chain Activity Hits Record as TRX Approaches Key Resistance
TRON’s network usage is surging, setting all-time highs in daily active addresses and signaling growing demand for its decentralized ecosystem. While TRX price action has been modest, technical signals suggest a possible breakout is near.
Network Growth Outpaces Price Reaction
Recent data shows TRON now averages over 8 million daily transactions—a 30% increase since February. Both the 50-day and 100-day moving averages for active addresses have reached record levels, indicating robust user participation and expanding utility across the protocol.
Despite this, TRX is trading at $0.2726, with a 1.2% daily gain and about 10% growth over the last month. The asset remains nearly 36% below its December peak, highlighting a potential lag between fundamentals and price performance.
TRX Eyes Breakout as Technicals Tighten
TRX is testing the upper band of its Bollinger channel, suggesting increased volatility and positioning for a possible breakout. Short- and mid-term EMAs support the trend, with both the 20- and 50-day averages below the current price.
Oscillators, however, are mixed. The RSI sits at 56, reflecting neutral sentiment, while MACD and Momentum indicators show fading strength. A move above $0.278 could trigger fresh upside toward the $0.30 zone. Conversely, failure to hold above $0.264 risks a decline toward $0.25 support.
TRX appears to be at a decision point—its fundamentals remain strong, and if technical resistance breaks, momentum could follow.
Meanwhile, Solana prepares for breakout toward $240 as key support levels hold firm.