TRX Price Gains Momentum as SunSwap Activity Surges

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• SunSwap transactions hit a yearly high, boosting TRON’s network strength.
  
• TRX exchange outflows signal strong accumulation by holders.
  
• A breakout above $0.37 could trigger the next rally toward $0.40.

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TRON’s native token, TRX, is holding steady above key support as its network shows signs of real growth. SunSwap, the network’s leading decentralized exchange, processed more than 30,000 transactions in September — its highest level this year. The consistent activity reinforces TRON’s reputation as a settlement hub for stablecoins and highlights growing on-chain demand.

SunSwap Activity Reinforces TRON’s Utility

September’s transaction count wasn’t just a spike — volumes stayed above 15,000 throughout the month. This steady usage suggests that traders and stablecoin users increasingly rely on TRON’s infrastructure, positioning it as more than just a secondary platform. Strong network utility often underpins long-term price fundamentals, making TRX’s current market structure noteworthy.

TRX Price Holds Trendline Support

At the time of writing, TRX traded near $0.33, maintaining strength above its ascending trendline. This technical level has acted as a reliable pivot during market pullbacks, keeping bullish momentum intact. However, resistance sits at $0.3526 and $0.37, and a decisive breakout above these zones could open the door to $0.40. While near-term indicators show mixed signals, holding above trendline support remains crucial.

Exchange Outflows Signal Accumulation

TRX’s spot market data also paints a constructive picture. Exchanges recorded consistent outflows through September, including $4.79 million on September 29. Such movements reduce available supply on exchanges and often suggest accumulation rather than selling. This trend indicates that holders remain confident in TRX’s long-term outlook, even amid market volatility.

Also Read: PEPE Weekly Chart Signals 401% Upside: Key Support Holds Strong

In derivatives markets, TRX futures show buyers in control. The Cumulative Volume Delta revealed strong taker buy dominance, reflecting bullish sentiment among leveraged traders. Combined with exchange outflows and SunSwap’s transaction surge, this paints a cohesive picture of growing conviction behind TRX’s upside.

The key question now is whether TRX can push past $0.37 resistance. Sustained demand, declining exchange balances, and bullish futures positioning all suggest momentum is building. If TRX holds its trendline and breaks resistance, $0.40 could be the next target, reinforcing TRON’s place as a serious player in crypto settlement.

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.