Key Takeaways
What boosted TRON in September?
SunSwap Total Transaction topped 30,000, confirming strong network demand for stablecoin settlement and remittances.
Which metrics guided TRX traders toward $0.37?
Exchange outflows of $4.79 million and Futures Taker CVD showed bullish conviction, hinting TRX could challenge key resistance soon.
SunSwap’s Total Transaction Count surged above 30,000 in September, marking the highest level this year and reinforcing TRON’s [TRX] growing role in stablecoin settlement.
Transaction volumes consistently stayed above 15,000, highlighting strong usage and real demand despite market volatility.
This activity strengthened TRON’s case as more than a secondary platform, positioning it as a key settlement network.
Therefore, this consistent growth in network utility adds weight to TRON’s long-term fundamentals and investor confidence.
Can TRX price sustain strength above its ascending trendline?
At press time, TRX traded near $0.33, holding above its ascending trendline support. This structure acted as a reliable pivot during pullbacks, keeping the bullish setup intact.
By contrast, the DMI indicator flashed a bearish signal, hinting at a potential retest of support before another rebound. Resistance levels stood at $0.3526 and $0.3700, which must break for continuation toward $0.40.
Sustaining the trendline remains vital for TRX to maintain its upward trajectory amid near-term volatility.
Source: TradingView
Exchanges outflows reinforce bullish accumulation signals
TRX Spot Netflows recorded consistent outflows in September, including $4.79 million on the 29th of September. This signaled reduced selling pressure on exchanges and led to stronger accumulation among holders.
Sustained outflows often reduce available supply, which can support price strength when combined with healthy demand.
Despite fluctuations in TRX’s Spot chart, the reduction in exchange balances showed conviction in the altcoin’s future upside. This reinforces the idea that traders are not panicking during pullbacks, but instead removing coins from liquid venues.
Source: CoinGlass
Futures sentiment leans bullish
Futures Taker CVD (Cumulative Volume Delta) showed taker buy dominance, signaling bullish lean in leveraged trades. When the taker buys prevailed, it often signaled expectations of higher spot prices.
This derivatives’ activity aligned with SunSwap’s transaction boom and consistent exchange outflows, creating a cluster of bullish indicators.
Market momentum could strengthen if TRX maintains trendline support while traders continue increasing long exposure.
Such positioning suggests speculative players expect TRX to overcome near-term hurdles. The derivatives market is now playing a crucial role in reinforcing overall bullish conviction.
Source: CryptoQuant
Can TRX break above $0.37 for a new rally?
TRX looked poised to clear the $0.37 resistance as strong network activity sustained momentum. Continuous exchange outflows reduce sell pressure, while Futures positioning highlighted bullish conviction.
Holding above the ascending trendline reinforced market structure and strengthened investor confidence. A confirmed breakout above $0.37 would validate a new rally, with $0.40 emerging as the next target.
