TRON hits 10B transactions as bulls target $0.25 breakout

Since its launch in June 2018, Tron has reached an important step by exceeding 10 billion transactions in total.

According to a May 1st analysis By the cryptocurrency contributor Maartun, the network currently manages approximately 8.4 million transactions each day. Although the activity culminated during bull races 2021 and 2023, Tron (Trx) Daily use has increased regularly. Maartun stressed that this level of chain traffic is often overlooked but remains a strong bullish signal.

The data on the chain show that Tron is gaining momentum in several areas. According to Defillama dataThe total value of the locked network is currently $ 5.03 billion. A recent activity suggests a recovery trend, even if it is still below 7 billion dollars recorded at the start of the year. The decentralized exchange volume, however, reached its highest monthly level this year, going from $ 3.4 billion in March to $ 4.9 billion in April.

In addition, the position of Tron on the Stablescoin market continues to grow. The market capitalization of the Stablecoin of the network increased from $ 58 billion in Janyary to more than $ 70 billion. At the end of April, there was a significant increase of $ 2.17 billion added in a single week. It included the attachment (USDT) Eliminate $ 1 billion USDT on April 21.

On the technical side, TRX is trade Almost $ 0.245, just below the crucial resistance level of $ 0.25. The price is always greater than several key mobile averages, such as 50 days and 100 days, a functionality which is generally considered as a bull.

At 51, the relative resistance index is neutral, but the indicator of divergence of mobile average convergence is slightly down. Most other oscillators remain flat, suggesting an expected approach to the market.

The next ascendant targetwhich complies with the upper Bollinger strip is located between $ 0.26 and $ 0.265. It could be reached if the bulls are able to transform $ 0.25 into support. Ventilation less than 0.243 could invalidate the upward configuration and retest the support area from $ 0.239 to $ 0.240.

Meanwhile, the fundamentals of Tron continue to improve. On April 30, the provider of web 3 p2p.org stringer services was approved as a super representative Tron, allowing participation in block production and institutional implementation. Earlier in April, Canary Capital filed a TRX ETF spot with implementation characteristics, signaling an increasing interest in traditional finance.

The founder of Tron Justin Sun also expressed optimism, forecast that the TRX market capitalization will reach a new record level in T2 2025. It has cited an increasing correlation with Bitcoin (BTC) as a sign of maturation market behavior.