TRON’s on-chain activity is hitting record highs, with sustained growth in active addresses hinting at an upward shift in TRX market momentum.
According to a June 3 analysis by CryptoQuant contributor CryptoOnChain, the 50-day and 100-day moving averages for daily active addresses on the TRON (TRX) network have hit their historic highs. This sustained climb in user participation points to steady network expansion and ecosystem health, suggesting TRX may be building a base for further appreciation.
Darkfost, another CryptoQuant contributor, echoed this expansion, pointing out that TRON is now averaging over 8 million daily transactions, a 30% rise from early February. This increase reflects activity taking place on-chain and is not confined to centralized exchange flows.
This trend, according to Darkfost, indicates real usage and rising demand for TRON’s decentralized infrastructure, as appealing yields and services attract liquidity and new users.
Despite the bullish fundamentals, the price performance of TRX has been relatively muted. Trading at $0.2726 as of press time, the token is up 1.2% for the day and about 10% for the previous month. TRX is still roughly 36% below its December 2024 peak of $0.4313 even though these gains suggest a gradual recovery.
On the technical side, TRX paints a mixed picture. The token is trading close to the upper band of its daily Bollinger channel, indicating increased volatility and a potential breakout attempt. Most short- and long-term moving averages are supporting the uptrend, with the 20- and 50-day EMAs both below the current price.
However, oscillators are primarily neutral or slightly bearish, pointing to a possible short-term slowdown or consolidation phase. The relative strength index is at 56, well outside of overbought territory, while the Momentum and MACD readings show a slight waning of upward pressure
If the immediate resistance level at $0.278 is broken, it could open the door for more upward movement and possibly bring $0.30 into view. On the other hand, a drop below $0.264 would expose TRX to a deeper retracement, with $0.25 acting as a critical support level.
