TRON Activity Surges as $TRX Eyes Breakout Above $0.32

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• TRON’s 6.23M active addresses signal bullish divergence — $TRX may be on the verge of a major breakout.
  
• Network strength meets price weakness: TRON’s metrics hint at a $TRX recovery above $0.32.
  
• Rising activity, bullish futures, and long bias put TRON in a prime spot for a near-term reversal.

The TRON (TRX) network has witnessed a sharp surge in activity, with Daily Active Addresses jumping to 6.23 million, marking the second-highest figure in its history. This renewed on-chain engagement came even as TRX’s price hovered near $0.29, down from its recent local high of $0.36 — setting up an interesting divergence between fundamentals and price.

Bullish Divergence Signals a Possible Turnaround

While TRX’s price has pulled back over the past few weeks, the growing network participation tells a different story. Historically, such divergences — when network strength rises despite price weakness — often precede market reversals.

Technically, TRX has bounced off the lower boundary of a descending channel that has served as dynamic support since August. The Relative Strength Index (RSI) near 33 indicates the token is entering oversold territory, an area that frequently attracts fresh buyers. A daily close above $0.3236 would confirm the reversal setup and potentially send TRX toward $0.35–$0.37, completing a mid-term bullish pattern.

Futures Data Strengthens the Bullish Case

On-chain optimism is being echoed in TRON’s derivatives market. Data from CryptoQuant revealed Taker Buy Volume dominance, signaling that traders are actively lifting sell orders — a sign of strong confidence in a potential uptrend.

This behavior reflects growing conviction among both retail and institutional players. The 90-day Cumulative Volume Delta (CVD) reinforces this view, showing persistent buy-side aggression — a pattern often seen before price breakouts.

Traders Position for a Rebound

According to Binance data, 59.88% of TRON traders currently hold long positions, compared to 40.12% short, creating a bullish 1.49 long/short ratio. This suggests that most market participants expect a near-term recovery.

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If open interest rises alongside this long bias, TRX could gain further momentum as more traders re-enter. Combined with its surging network activity and technical structure, TRON now stands at a critical juncture — one that could redefine its short-term trend.

TRON’s strong on-chain metrics, taker buy pressure, and long-biased sentiment point to growing confidence in a potential breakout above $0.32. If confirmed, the move could pave the way for a swift recovery toward $0.37, signaling a renewed phase of market optimism for TRX.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.