Tron (TRX) exhibits strong bullish indicators amid growing adoption and favorable on-chain metrics, suggesting a potential price breakout above $0.35. The momentum is driven by heightened network utility and overwhelmingly profitable positions among holders.
Last week, TRX processed over 8.29 million USDT transactions, signaling robust ecosystem usage and deepening adoption. Concurrently, 96.38% of TRX holders currently profit from their positions, substantially reducing sell pressure and providing underlying price stability.
Technically, TRX approaches a critical resistance zone between $0.344 and $0.351. A decisive breach could propel prices toward the next Fibonacci extension target at $0.371. Market sentiment is further buoyed by the 90-day Spot Taker CVD indicator, which shows sustained Taker Buy dominance—a historical precursor to extended rallies.
Derivatives markets echo this optimism, with TRX trading volume climbing 11.77% to $355.86 million. Open Interest simultaneously rose 6.82% to $554.16 million, confirming accumulating trader conviction in continued upward momentum.