Tron (TRX) shows bullish momentum; on-chain active addresses, volume hit ATHs.
TRX trades ~$0.2705; a break above $0.30 resistance targets $0.3265 and higher.
MACD suggests a pause, but strong fundamentals support Tron’s positive outlook.
Tron (TRX) is quietly building bullish momentum under the radar, with data revealing that the Tron network has hit new all-time highs in multiple key metrics–all while holding above the key support levels of 20-day and 50-day Exponential Moving Averages (EMAs).
On-Chain Fundamentals Point to Growing Tron Network Strength
Active addresses on the Tron network have surged, with the 50-day and 100-day moving averages of this metric both reaching their highest historical levels. This points to a deepening user base and growing interaction with the network, bullish indicators that typically precede price rallies.
Supporting this trend is the record-breaking $121.2 billion in monthly transfer volume, equivalent to over 490.3 billion TRX moved across the network. This indicates sustained transactional demand, further reinforcing investor confidence in the Tron ecosystem.
TRX Hits $121.2B Monthly Transfer Volume — New …
The post Tron (TRX) Analysis: Record $121 Billion Monthly Volume Supports Bullish Case, $0.30 Key appeared first on Coin Edition.
