Despite Bitcoin and other cryptocurrencies reaching all-time highs, TRON (TRX) remains in a consolidation phase, approximately 66% below its all-time high from December 2024. However, technical and on-chain fundamentals suggest that TRX could be ready for a significant rebound.

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📈 Technical Analysis: Is TRX Ready to Break Barriers?

Currently, TRX is trading around $0.2704 USD, with a daily range between $0.2685 and $0.2736. The price remains above the 34-day exponential moving average (EMA) at $0.26, indicating dynamic support. Additionally, the 50, 100, and 200-day simple moving averages (SMA) are aligned upward, suggesting a positive long-term trend.

To confirm a bullish breakout, TRX needs to surpass the resistance at $0.28 with significant volume. If successful, the next target would be $0.30, approaching the highs of December 2024 above $0.36. A drop below $0.26 could weaken this setup and lead to a correction towards the 100-day SMA at $0.2430.

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🔍 On-Chain Indicators: Buying Pressure Returning

The CryptoQuant Buy/Sell Pressure Delta indicator shows that TRX has returned to a buying pressure zone, indicating renewed investor interest. Additionally, TRON leads the liquidation volume of stablecoins and user participation, positioning itself favorably if altcoins follow Bitcoin's momentum.

In terms of payments, TRON has surpassed Bitcoin as the most used blockchain, accounting for 26% of all transactions on the CoinGate platform. Within the TRON network, USDT dominates with 82.5% of transactions, followed by TRX with 17.4%.

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📊 Price Outlook for May 2025

Projections for TRX in May 2025 vary between $0.22 and $0.30 USD. Some analysts suggest that the price could reach $0.27 USD, representing a moderate increase of 10-20% from current levels. However, it is important to consider potential corrections towards $0.22-$0.23 USD if bullish momentum weakens.

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💡 Conclusion

TRON (TRX) shows signs of strength in May 2025, supported by positive technical and on-chain indicators. If it maintains its upward trend and surpasses key resistances, it could approach its all-time highs. However, investors should be cautious of potential corrections and manage their risks appropriately. $TRX