- TRON’s network is experiencing record-high daily active addresses and transaction volumes, signaling strong ecosystem growth and rising user demand.
- While TRX’s price remains below its previous peak, technical indicators suggest a potential breakout if key resistance levels are surpassed.
Tron, the decentralized blockchain that baffles the crypto industry with its blistering high-speed and low cost is experiencing a surge in on-chain crypto activity. This milestone may foreshadow a bullish breakout for the digital assets native token.
Data from CryptoQuant analyst has evidenced this milestone stating that the Justin founded digital asset’s metrics are reaching all-time highs. This has further raised specualations that TRX’s price is poised for surge possibly challenging the $0.2800 mark and above.
On June 3, CryptoQuant contributor CryptoOnChain reported that the 50-day and 100-day moving averages for daily active addresses on the TRON network had reached record levels.
This consistent rise in user engagement underscores the platform’s expanding ecosystem and signals growing confidence in TRON’s long-term viability. A healthy increase in active addresses typically reflects heightened interest and usage — key ingredients for price appreciation.
Supporting this sentiment, another CryptoQuant contributor, Darkfost, highlighted that TRON is now averaging more than 8 million daily transactions, marking a 30% increase since February.
Importantly, this uptick isn’t merely the result of centralized exchange activity but stems from genuine on-chain interactions. The increased traffic suggests growing adoption of TRON’s decentralized applications, services, and yield-generating opportunities, which are attracting both users and liquidity.
Despite these strong fundamentals, TRX’s price has yet to break out decisively. At the time of writing, TRX is swapping hands with $0.2723 surging by a mere 0.04% and 11.06% in the past 24 hours and month respectively.
owever, the token remains roughly 36% below its December 2024 high of $0.4313, indicating that it still has significant room for growth.
From a technical standpoint, TRX is showing early signs of potential upside. The price is hovering near the upper band of its daily Bollinger channel, suggesting heightened volatility and a possible breakout attempt. Short- and mid-term moving averages — including the 20-day and 50-day EMAs — are positioned below the current price, reinforcing bullish momentum.
Still, not all indicators are flashing green. Oscillators such as the Relative Strength Index (RSI) sit at 56, signaling neither overbought nor oversold conditions, while Momentum and MACD readings reveal a slight decrease in upward pressure. These mixed signals point to a possible short-term consolidation before the next major move.
The key levels to watch are $0.278 on the upside — a break above which could set TRX on course toward $0.30 — and $0.264 on the downside, with $0.25 acting as crucial support in the event of a pullback.
With on-chain activity booming and technical indicators aligning, TRX may be preparing for a notable price move. If TRON’s network expansion continues to attract users and developers, the stage could be set for a TRX rally in the near future.