TRON Hits Record Highs in Active Addresses – Is TRX Finally Ready for a Breakout?
Well, well, well… it seems TRON has decided to make some noise. It’s hitting all-time highs in daily active addresses, and you can practically feel the excitement in the air. Who would’ve thought, right? 📈
According to a June 3 report by the ever-eloquent CryptoOnChain from CryptoQuant, the 50-day and 100-day moving averages for active addresses on TRON (TRX) have gone through the roof. That’s right, folks, we’re looking at historic highs. And what does that mean? Well, it looks like TRX might just be laying the groundwork for something bigger. Maybe. Don’t get too excited just yet. 😏
Analysis of Daily Active Addresses and TRX Price on Tron Network – All-Time Highs in Moving Averages
“Historically, changes in active address trends tend to precede major price movements.” – By @CryptoOnchain
— CryptoQuant.com (@cryptoquant_com) June 4, 2025
Now, hold on, Darkfost (another genius from CryptoQuant) chimes in with some news that’ll knock your socks off. TRON is now averaging over 8 million daily transactions, up by a whole 30% from early February. No, this is not some random spike. This is on-chain activity we’re talking about, not just some hot air blowing from centralized exchanges. TRON’s decentralized infrastructure is apparently so popular now, you’d think people are queuing up for a ticket to the TRX show. 💥
Despite all this bullish news, the price of TRX is like that one friend who’s always on the fence about everything. Trading at $0.2726 at the moment, it’s up a tiny 1.2% for the day, and maybe 10% for the month. But here’s the kicker: it’s still 36% below its December 2024 peak of $0.4313. So, don’t go popping the champagne just yet. 🥂
From a technical standpoint, TRX is playing hard to get. It’s hanging out near the upper band of its Bollinger channel, showing some increased volatility. Oh, and don’t even get me started on the moving averages. They’re all supporting the uptrend—20-day, 50-day, you name it. But don’t get too cozy; the oscillators? They’re mostly neutral, with a touch of bearish. This could mean a slowdown, or maybe even a consolidation phase. So, buckle up, because we’re not out of the woods yet. 😬
And if you think things couldn’t get more exciting, hold on tight: if TRX can bust through the $0.278 resistance level, we might just see it heading towards $0.30. On the other hand, if it drops below $0.264, we could be in for a ride to the downside with $0.25 acting as the next support level. It’s a real nail-biter, folks. 🙄
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2025-06-05 08:12