TRON is gaining momentum as institutional interest grows and network activity stays strong. With millions of active wallets and large amounts in the treasury, analysts point to strong resistance levels that could soon test the $0.42 mark if the current support holds.
At the time of writing, TRX is trading at $0.3356, down 1.62% in the past 24 hours. Its market cap is $31.76 billion, and daily trading volume dropped 10.24% to $724.96 million. With 94.66 billion TRX in circulation, it holds the ninth spot on CoinMarketCap.
TRX breakout signals potential rally toward $0.75 target
Investors felt more confident when Tron Inc., listed on Nasdaq, bought $110 million more TRX, doubling its total to over $220 million. This shows strong commitment, lowers the chance of selling, and makes it harder for others to push the price down.
With TRX holding around $0.33, the weekly chart shows it breaking out of a long-term range. Prominent crypto analyst EmilioCryptoBojan said TRX might test support or continue rising. If the breakout holds, it could reach $0.50–$0.75 in the coming months.
From a technical view, $0.352 acts as a key support level. Analysts see $0.37 as the next target, with resistance at $0.405 and $0.422. If TRX stays above these levels, it could gain momentum for a bigger rally in the coming weeks.
TRON leads blockchain with 2.48M active addresses
On-chain data shows TRON’s strong position. Lookonchain recorded 2.48 million active addresses, making it the most used blockchain. With 45 active protocols and over $6 billion in DeFi, TRON keeps seeing high usage that supports its market value.
TRON has actually removed upside liquidity, with $0.352 being the foundation upon which the subsequent rally will be established. With continued momentum, the token can probe $0.37 thereafter, touching $0.40 and $0.42, placing the possibility of retesting broader Fibonacci extension levels around $0.50.
