- TRX consolidates near resistance with an expanding triangle pattern forming.
- TRON price surpasses 10 billion transactions with rising daily activity.
- A breakout above $0.25 could target $0.30, $0.40, and $0.50.
TRON price remains steady after consolidating throughout the week. It continues to trade above a critical support level, maintaining a bullish structure. The TRX market is now forming an expanding triangle, with the price currently testing a key support zone. Analysts suggest that a breakout could push TRON toward the $0.25 range if the momentum builds.
The broader crypto market also shows recovery signs, with a 0.46% increase in total market capitalization. Meanwhile, Bitcoin is approaching the $100,000 level, indicating rising market strength across major digital assets.
TRON Crosses 10 Billion Transactions as Daily Usage Hits 8.4 Million
According to CryptoQuant’s new information, TRON has successfully executed more than 10 billion transactions. Historical data show that such total transaction numbers represent one of the highest activity records in the blockchain arena.
TRON completes 8.4 million transactions in each daily cycle based on current records. TRON performs among the highest activity levels in the digital asset marketplace through its daily transactions. Statistical records show that bull market growth leads to increased transaction activity.
Analyzed data created by JA_Maartun shows that two major upsurges occurred in 2021 and again in 2023 ,according to the chart. The ongoing information demonstrates that blockchain system activity keeps growing steadily without reaching a maximum point. The system maintains steady growth at all times without showing signs of slowing down in non-market peaks.
The steady user participation in TRON comes from both retail and institutional investor activity. Blockchain adoption growth stimulates higher network usage of platforms that possess high throughput capabilities, such as TRON. The transaction total has surpassed 10.26 billion based on the recorded data in the chart.
TRON’s expanding network activity demonstrates continuously rising interest in its platform as well as its practical use. The transaction count figures increase when markets become speculative, yet remain resilient during market calms.
TRX Price Holds Steady as Market Eyes Breakout Targets
TRON (TRX) trades around $0.2449 after a flat 0.08% daily move. The price shows prolonged consolidation near the $0.25 mark. This level now acts as a crucial pivot as the asset continues ranging between the $0.20 and $0.30 zones.
Volume data indicates 116.19 million TRX traded, confirming steady market interest. A breakout above $0.25 could trigger a possible rally toward the next resistance at $0.30. Beyond that, the technical chart reveals successive targets at $0.40 and $0.50, with a total projected upside of over 104%.
The MACD indicator shows the blue signal line slightly crossing above the orange MACD line. This suggests mild bullish momentum, though not strongly pronounced. TRX needs stronger volume to confirm this trend reversal and extend its upward movement. Additionally, the Chaikin Money Flow (CMF) is holding at 0.01, signaling minor capital inflow into the asset. A sustained rise above this level could reflect growing bullish sentiment, especially if the price pushes past $0.25 resistance with high trading volume.
However, if the price falls from current levels, the nearest support is at $0.20. A breakdown below this threshold could invalidate the bullish outlook. Price stability above $0.25 in the near term will remain key for any substantial continuation.
