Tron (TRX) Analysis: Record $121 Billion Monthly Volume Supports Bullish Case, $0.30 Key

• Tron (TRX) shows bullish momentum; on-chain active addresses, volume hit ATHs.
• TRX trades ~$0.2705; a break above $0.30 resistance targets $0.3265 and higher.
• MACD suggests a pause, but strong fundamentals support Tron’s positive outlook.

Tron (TRX) is quietly building bullish momentum under the radar, with  data revealing that the Tron network has hit new all-time highs in multiple key metrics–all while holding above the key support levels of 20-day and 50-day Exponential Moving Averages (EMAs).

On-Chain Fundamentals Point to Growing Tron Network Strength

Active addresses on the Tron network have surged, with the 50-day and 100-day moving averages of this metric both reaching their highest historical levels. This points to a deepening user base and growing interaction with the network , bullish indicators that typically precede price rallies.

Supporting this trend is the record-breaking $121.2 billion in monthly transfer volume, equivalent to over 490.3 billion TRX moved across the network. This indicates sustained transactional demand, further reinforcing investor confidence in the Tron ecosystem.

Technical Analysis: TRX Eyes $0.3265 Target and Beyond After $0.30 Break

Meanwhile, TRX is currently trading around $0.2705 and consolidating just above key Fibonacci levels, as per CoinMarketCap data. The Fib retracement tool, applied from the recent low of $0.2613 to the swing high of $0.3016, outlines a series of potential breakout targets:

• 1.618 Fib Extension at $0.3265
• 2.618 Extension at $0.3667
• 3.618 Extension at $0.4069
• 4.236 Extension peaking at $0.4318

If TRX maintains network momentum and price breaks above the psychological resistance at $0.30, the first Target is $0.3265 with $0.4069–$0.4318 standing as long-term targets. Further, failure to hold the $0.2687–$0.2613 support zone could open the door to further declines to $0.2613 and $0.2450. 

Source: TradingView

MACD, Balance of Power Show Consolidation Before Next Leg Up?

On the other hand, the MACD indicator shows a marginal bearish crossover, with the signal line slightly above the MACD line. This suggests a pause or minor consolidation could occur before the next upward leg. 

Also, the Balance of Power (BoP) remains choppy, oscillating between positive and negative territory. This reflects an ongoing battle between bulls and bears, with no dominant side yet.