Tron is experiencing renewed momentum as its native token, TRX, pushes higher—driven by surging network activity and increasingly bullish technical indicators.
The network has now surpassed 13 billion total transactions, marking a major milestone that highlights both its rapid growth and expanding role in the global crypto ecosystem, particularly for stablecoin transfers across Asia and Latin America.
This milestone was spotlighted in a July 6 post by CryptoQuant contributor Darkost, who noted that Tron’s daily transaction count now averages over 8 million. A significant portion of this volume is attributed to Tether (USDT), which has made Tron a vital payment infrastructure for users dealing with unstable local currencies or limited banking access.
In countries like Argentina, Tron functions as an alternative financial system, enabling millions to use stablecoins for everyday purchases. This real-world utility is beginning to reflect in market sentiment.
TRX is currently trading at $0.2886, up nearly 2% in the past 24 hours, with trading volume rising 10% to over $326 million. Derivatives data from Coinglass shows a 2% increase in open interest and a 29% surge in trading volume, suggesting traders are positioning for further upside.
On the technical front, TRX has reclaimed its short-term trendline and is now moving along the upper Bollinger Band—an indicator of strengthening momentum, especially when paired with rising volume. The price is also trading above all major moving averages, including the 10-, 20-, 50-, and 200-day lines, reinforcing the bullish setup.
The Relative Strength Index (RSI) is currently hovering near 63, suggesting that the market remains bullish without entering overbought territory. Meanwhile, the MACD’s upward-sloping signal line and sustained positive momentum further reinforce the strength of the ongoing uptrend, indicating that bulls continue to maintain control. The steady rise in momentum indicators, coupled with supportive trading volume, reduces the likelihood of a false breakout.
Should TRX decisively break above the $0.29 resistance level, the next key upside target lies near $0.31—a price last tested in mid-June. However, if TRX fails to stay above the 20-day moving average, which is currently acting as a support zone, a short-term pullback toward the $0.2770 level could be on the cards.
