Key Insights
- The TVL of TRON reached $6.377 Billion (+5.84% WoW), while active addresses climbed to 18.23M (+2.24% WoW).
- The underlying trend for TRX no longer required confirmation, as it remained clearly positive, often preceded by the current signal. This indicated a new phase of price acceleration.
- TRX price analysis revealed massive consolidation since mid-August, with the 100 EMA confirming that the long-term trend remained intact.
TRON network (TRX) has been among the top 10 cryptocurrencies by market cap, with a 124% gain as of press time. Most of its holders took profits as the market navigated the first quarter of this year.
Recent metrics indicated that the TRX price was setting up for an acceleration. However, the certainty of the timelines was undefined. Chain activity and volume signals were the major factors that could fuel this potential acceleration.
On the day, the price change was approximately 1.58% according to CoinMarketCap data. TRON saw a 28% price increase recently.
However, it remained one of the least traded cryptocurrencies among the top ten by daily volume. TRX commanded a volume of $840 Million. Here are the finer details of why traders could anticipate a run.
Analysis of TRON TVL and Active Addresses
To predict price movements for cryptocurrencies, on-chain data and technical analysis play a key role in determining this prospect. Lookonchain noted that the previous week’s data hinted at this potential to rally.
TRON Total Value Locked (TVL) rose to about $6.377 Billion. It was a spike of about 5.84% for the Week-over-Week (WoW) data.
Similarly, the data revealed a similar trend in chain activity in terms of active addresses. This metric also increased to 18.23 million, representing a 2.24% rise in the same period.
At the same time, CMC TLDR reported that TRON flipped Ethereum (ETH) in issuing the USDT stablecoin. The total market of stablecoins on the chain surpassed $77.26 Billion. This was attributed to its low fees and high speeds relative to those of Ethereum.
Additionally, chain revenue and fees over the past 24 hours have shown consistency. This further supports the surge in chain activity.
Spot Volume Bubble Map Indications
This potential acceleration of the TRX price was backed by the cooling volume as seen in the Spot Volume Bubble Map. The analysts noted that the altcoin remained in a favorable position.
This was because the reading suggested a phase that typically precedes price rallies. But why was this so? In 2021, similar conditions preceded a surge in the TRON price from $0.05 to $0.12. In 2024, a comparable setup led to a jump from $0.15 to $0.43.
To put it into perspective, the cooling indicates a reduction in interest in the altcoin. This was a classic accumulation behavior, as smart money tends to load more tokens in their portfolios. As a result, prices usually stabilize, creating floors that form the basis for rebounds.
TRX Price Analysis And Prediction
TRX price chart also aligns with this prediction, with targets sitting around the previous year’s highs at $0.44. The altcoin confirmed a bullish long-term structure as it bounced off the 100 EMA.
The price action had also seen an EMA cross, indicating a bullish reversal on the daily chart. However, the TRON price was facing a hurdle at the $0.35 level.
A breach of this resistance level at $0.35 could see TRX price accelerate toward the $0.44 zone in Q4 2025. In the meantime, failure would result in TRX retesting the 100 EMA support or consolidating between the marked levels.
Altogether, the two signals of TRX suggested a potential rally was in the making. Still, failure to breach the technical price levels could delay this move. In the event of invalidation, the TRON price would likely revisit levels at $0.31 or lower.
