Tron (TRX) Analysis: Record $121 Billion Monthly Volume Supports Bullish Case, $0.30 Key
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- 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.
The post Tron (TRX) Analysis: Record $121 Billion Monthly Volume Supports Bullish Case, $0.30 Key appeared first on Coin Edition.
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