Key Takeaways
TRX shows bullish momentum with rising spot demand, strong network activity, and minimal sell pressure. A breakout above $0.35 could push prices toward the $0.371 Fibonacci extension target.
TRON [TRX] recorded over 8.29 million USDT transactions in the previous week, signaling deepening adoption among retail and institutional users.
This growth was driven by mid-sized transactions between $101 and $1,000, which made up nearly 39% of the activity, reflecting increased utility in remittances, freelance payments, and crypto-native commerce.
Meanwhile, microtransactions below $10 declined to just 5.63%, hinting at a maturing ecosystem.
These network trends confirm that TRON is moving beyond low-fee transfers toward more purposeful stablecoin settlements, which could have broader implications for TRX price action.
Will Tron break out as it retests a key resistance level?
TRX has been on a consistent upward trajectory since mid-June, forming a parabolic curve that pushed it from around $0.26 to the current $0.3393 price, at press time.
It now approaches a key resistance zone between $0.344 and $0.351, defined by the 0.786 Fibonacci level and previous rejection wicks.
The next logical target would be the 1.618 Fib extension at $0.371, provided bulls break this barrier. Therefore, the structure remains bullish.
However, any rejection at this zone could trigger a retest of the ascending trendline. The rally’s strength now depends on continued buy pressure and overall market support.
Source: TradingView
Is spot market demand strong enough to push Tron higher?
The 90-day Spot Taker CVD indicator shows dominant Taker Buy activity, meaning buyers have consistently led the action in the spot market.
This kind of buyer dominance typically precedes sustained rallies, as it reflects organic accumulation rather than speculative hype from derivatives.
Unlike limit orders, taker buys represent immediate execution demand, signaling urgency and conviction.
As a result, TRX’s current price levels are supported by strong spot market confidence, not short-term speculation.
This strengthens the case for the ongoing uptrend to continue, especially if TRX can flip resistance into support.
Does high profitability reduce the chance of a Tron sell-off?
TRX’s on-chain data reveald that 96.38% of holders were “in the money,” at press time, totaling over 90 billion TRX.
Only 2.92% were out of the money, suggesting that most participants have little incentive to exit their positions at current prices.
This high profitability ratio creates a favorable psychological backdrop where long-term holders are more likely to stay patient.
Additionally, low levels of underwater holders reduce panic-driven sell pressure, especially near resistance zones. If TRX breaks above $0.35, fewer holders will rush to exit, allowing a smoother breakout.
Will derivatives support the next leg of TRX’s rally?
Derivatives data reinforced bullish momentum, with volume rising 11.77% to $355.86 million and Open Interest (OI) climbing 6.82% to $554.16 million, a t the time of writing.
These metrics suggest renewed trader engagement and positioning in favor of continued upside.
OI growth typically signals confidence among futures traders, especially when accompanied by rising volume. This combination reflects conviction, not indecision.
Therefore, the rally appears to be backed by solid speculative support. However, should funding rates spike, overleveraging could trigger volatility, making the next few sessions critical.
Can TRX turn resistance into support and extend toward $0.371?
TRX’s rally is driven by strong network activity, dominant spot buying, and increasing derivatives volume. With 96% of holders in profit and minimal sell pressure, momentum remains bullish.
If buyers can sustain demand and break above the $0.35 resistance zone, the next target lies near $0.371.
However, maintaining this trajectory will depend on continued conviction across both spot and futures markets in the days ahead.
