TRON (TRX) is making waves in the crypto market, surpassing 11.1 billion transactions amid a surge in whale activity and growing institutional interest. The TRX network’s bullish momentum continues, with some analysts setting optimistic long-term price targets.
The global crypto market cap stands at $4.01 trillion, up 0.04% in the last 24 hours, while daily trading volume dropped 25.15% to $215.32 billion. Bitcoin (BTC) leads at $118,094 (+0.05%), while TRX trades at $0.355304, marking a slight 1.22% daily dip, according to CoinMarketCap.
Crypto analyst Davide noted on X that the surge is “fueled by record USDT flows as whales moved $700M off Binance in 48hrs.” He highlighted that TRX has surged over 150% for long-term holders, but current RSI readings suggest a cooldown before the next rally.
Strong Network Utilization
Data from CryptoQuant shows TRON’s transaction counts now range between 6–9 million daily, with historic spikes above 12 million in late 2022 and early 2023. This steady activity points to robust network use despite occasional slowdowns.
Technical Indicators Suggest Short-Term Caution
TradingView data shows TRX has been trending upward since mid-June. Current readings place the Stochastic RSI in the overbought zone (77.14 and 85.74), hinting at a possible short-term pullback. However, the Awesome Oscillator remains in positive territory, reflecting ongoing buying pressure.
While near-term caution is warranted, TRON’s fundamentals, high transaction activity, and whale-driven liquidity suggest that TRX may soon challenge higher resistance levels if bullish momentum persists.
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