TRON (TRX) Sees Strong On-Chain Growth Amid Low-Key Rally
TRON (TRX) is quietly staging a comeback. Since September 2023, the network’s daily transaction count has nearly doubled, jumping from under 5 million to nearly 9 million. This rising activity reflects a strong recovery from the bear market, even if the headlines have been focused elsewhere.
More daily transactions = more network utility = stronger long-term fundamentals.
At the time of writing, TRX is trading around $0.2713, testing resistance while backed by subtle but bullish underlying data.
Whales and Mid-Tier Investors Accumulate TRX
A deep dive into TRX wallet behavior shows that whales have increased their holdings by 9.38% over the past month. More notably, mid-tier investors (non-retail, non-whales) boosted their holdings by 43.01%, suggesting rising confidence in TRX’s mid-term potential.
Retail wallets showed minimal growth at 3.57%, hinting that mainstream participation is still pending—a potential bullish wildcard if sentiment shifts.
This imbalance suggests that TRX may still be in an early accumulation phase, with room to run if broader participation increases.
Social Sentiment and Futures Data Send Mixed Signals
Social buzz is reviving, with TRON’s Social Dominance temporarily crossing 1.4%, reflecting renewed community interest. However, funding rates remain volatile, flipping between positive and negative—signaling uncertainty among futures traders.
This hesitation helps keep leverage in check, which can actually strengthen the sustainability of upward price moves.
TRX Faces Key Resistance at $0.28 – Can It Break Through?
Technically, TRX is boxed in between resistance at $0.275–$0.283 and support near $0.260–$0.265. This narrow range is packed with leveraged positions, increasing the chance of volatile price moves if either boundary is breached.
Breaking above $0.28 could trigger liquidations of short positions, potentially fueling a strong bullish breakout.
Conclusion: Under-the-Radar Momentum Building for TRON
While TRX price action remains range-bound, the underlying metrics are improving. With network activity surging, whales accumulating, and social chatter growing, TRON is quietly building a bullish foundation.
If retail investors enter and derivatives stabilize, TRX could break through resistance and chart a new leg higher. For now, TRON stays firmly on the radar of smart money—and perhaps soon, the wider crypto market.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.