Crypto Express

07/24 01:03

TRON (TRX) – Growing User Base Supports Breakout

TRON (TRX) – Growing User Base Supports Breakout Setup

TRX is making a quiet but powerful push both on-chain and on the charts. With a 42% increase in daily mindshare, it’s emerging as one of the most fundamentally backed large-cap plays.

On-Chain Fundamentals

TRON now has over 188 million holders, per TRONSCAN, steadily climbing from under 140M a year ago.

Daily active users and stablecoin volume remain among the highest in crypto.

TRX is moving within a clean ascending channel. The current structure shows price bouncing from the lower trendline and heading toward resistance near $0.40. Beyond that, a move toward the December 2024 high around $0.45 could play out.

Current price: $0.315

Channel support: $0.27–$0.29

Resistance levels: $0.334 (mid-line), $0.40, $0.45

EMAs: 20/50/100/200 all support bullish momentum

This setup offers a measured move that could bring TRX toward its prior highs if momentum holds.

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