Tron Activity Soars, TRX Eyes $0.30 Target
Key Takeaways
The number of daily transactions on the Tron blockchain has nearly doubled within a month – from 4.3 million to 8.4 million. At the same time, the total value of assets locked in Tron protocols (TVL) increased by over 1.6 billion USD. These developments indicate growing usage and increasing trust in the Tron ecosystem. As a result, the price of TRX (Tron Coin) could rise in the short term to as high as 0.30 USD – a level last reached in December 2024.
Strong On-Chain Activity as a Price Driver
Tron is currently showing a significant increase in network activity. According to data from CryptoQuant, the 30-day moving average of daily transactions stands at 8.4 million – nearly double what it was just a month ago. This trend indicates growing usage of the blockchain, which could have a long-term impact on the value of TRX.
However, a high number of transactions alone does not guarantee a price increase. What matters is whether this activity is accompanied by sustainable capital inflows and genuine usage. This is where the analysis of Total Value Locked (TVL) provides important insights.
TVL and Stablecoin Usage Rise Sharply
Tron’s TVL has increased from 5.19 billion to 6.82 billion USD since May 1. This means users have deposited around 1.63 billion USD into Tron protocols in just 22 days. Such an increase suggests long-term trust and capital commitment – not short-term speculative behaviour.
Additionally, the stablecoin volume on Tron reached a new all-time high of 76.19 billion USD. This development shows that Tron is increasingly in demand as infrastructure for stable, fast, and low-cost transactions – particularly in the DeFi (Decentralized Finance) space.
Chart Analysis: TRX Poised for Potential Breakout
A look at the 4-hour chart of TRX reveals a classic bullish pattern: the symmetrical triangle. The price is currently testing the upper resistance line. If a breakout succeeds, the price could initially rise to 0.2801 USD – the upper target of the formation.
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Furthermore, the analysis of the “Global In and Out of the Money” indicator (GIOM) suggests that there is little resistance up to the 0.30 USD level. Selling pressure and profit-taking may only occur at that point. According to GIOM, approximately 8.54 billion TRX are located at this level and could potentially be sold – representing a volume of around 2.3 billion USD.
Our Assessment
The current figures point to a positive development in the Tron ecosystem. The doubling of transactions, the strong increase in TVL, and the record high in stablecoins indicate growing usage and capital commitment. These factors support the assumption that TRX could rise to 0.30 USD in the short term.
However, you should keep in mind: the area around 0.30 USD represents a psychologically and technically significant resistance level. Profit-taking could occur here. If you are invested in TRX or planning to enter, you should keep an eye on this level and monitor further on-chain developments.
| Symbol | TRX |
| Coin type | Alt Coin |
| Transaction Speed | High |
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