Tron (TRX) has a silent performance in recent weeks, as it has been traded at $ 0.3389 at the time of writing this report. This represents a 21.4 % decrease from its highest level at $ 0.4313, and recorded late last year.
Despite the relatively stable price levels in recent days, the lack of an ascending momentum indicates that investors may carefully monitor a stimulus that can determine the next main step for the distinctive symbol.
Amid this market preparation, analysts closely track TON data on the series. One major note comes from Cryptoquant Cryptoonchain, which to examine Network activity and resistance levels.
According to the analyst, TRX is currently testing the historical resistance area, a level that may be decisive whether the original is pushing towards higher goals or risks another fracture.
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TON network activity and potential collapse
Cryptoonchain noted that the activity of the Tron network is at standard levels, as daily active headlines (DAA) exceeds 2.6 million, which is the highest number in its history.
This increase in the user’s activity reflects the main demand for the network, although the TRX price has struggled for a higher fracture. Historically, this growth in headlines was a key driver for price strength, indicating that the demand for Blockchain services in TON are still flexible.
The analyst is highlighted that TRX sits under its historical resistance. If the distinctive symbol has been closed above its highest level ever and maintains this level, the hack goal may range between $ 0.48 and $ 0.52, with alignment with the Trone value scale on the chain.
However, Cryptoonchain warned that this scenario relies heavily on Tron to maintain its active title. The decrease in the DAA can undermine the bullish preparation, which exposes TRX to negative risks.
Expectations are also related to the wider market conditions. The encrypted analyst believes that the potential altseass, a period of great gains via altcoins, can provide the necessary momentum for TRX to make out. In this context, the continued demand for the network and the user’s activity will support more prices.
Pisces activity and stablecoin dynamics
In separate analysisCryptoquant Amr Taha examined Stablecoin flows on TON, especially the large portfolio activity.
The data showed that during the past 24 hours, the wallets carrying more than $ 100 million in Usdt dominated the volume of Tron transactions, coinciding with Bitcoin’s restoration of momentum above the level of $ 110,000.
This concentration of large transportation operations is important because transformations often precede the morale of the broader encryption market. A prominent example occurred on August 12, when a $ 100 million governor moved about $ 3.9 billion in Usdt via TON.
This wave of transfers coincided directly with a 5 % gathering in Bitcoin, highlighting the role of Stablecoin in market courses.
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Taha added that the distribution of daily USDT portfolio changes reinforces this trend. The governor, which exceeds $ 100 million, represents approximately 35-36 % of the total daily activity, which is almost a similar level of August flows.
This whale concentrated activity indicates that Stablecoin on Tron remains a pioneering indicator of location in the market and rotating potential capital to risk assets such as TRX and Bitcoin.
A distinctive image created with Dall-E, the tradingView chart
The post TRON Faces Key Resistance With Potential Breakout Target at $0.50 first appeared on Investorempires.com.
