- TRON records 6.23M active addresses, signaling strong on-chain growth despite price weakness.
- TRX rebounds from channel support near $0.29, with RSI nearing oversold territory.
- Futures data show bullish sentiment as long positions dominate and buying pressure builds.
The TRON network is buzzing again. Daily active addresses have exploded to 6.23 million, marking the second-highest count in the network’s history. While the broader crypto market struggles, TRON’s rising user activity hints at growing engagement beneath the surface. TRX trades around $0.29, recovering slightly after a steady drop from $0.36. The question now is whether this surge in participation could spark a price turnaround for the veteran blockchain.
TRX Eyes Recovery as Buying Pressure Builds
After several weeks of consistent selling, TRX found strong support near $0.29. The token bounced from the lower edge of a descending channel that has guided price action since August. This rebound suggested renewed interest from traders looking for a potential reversal zone. On the daily chart, RSI hovered near 33, approaching the oversold area where recoveries often begin.
The setup pointed toward quiet accumulation among buyers defending the current range. However, bulls need a close above $0.3236 to confirm growing strength. If that breakout happens, TRX could move toward $0.3533 and even $0.37. These levels have acted as strong resistance before, so clearing them would mark a significant shift in momentum.Supporting this technical setup, the 90-day Cumulative Volume Delta showed a rise in taker buy activity.
This means buyers are actively lifting sell orders instead of waiting for lower prices. Such behavior typically reflects growing confidence among traders expecting upside movement. The combination of increased network activity and stronger buying signals has created a rare bullish divergence. While TRX dropped, engagement soared — often a sign that the market undervalues the asset’s potential.
Futures Data Confirms Rising Bullish Sentiment
The futures market is backing this narrative. According to Binance’s Long/Short Ratio, about 59.88% of open positions favor the long side. That translates to a ratio of 1.49, showing traders expect a rebound from current support zones. Historically, this kind of positioning appears when markets prepare for a relief rally. When long positions rise alongside open interest, upward pressure tends to accelerate.
If that pattern repeats, TRX could challenge the $0.35–$0.37 resistance area soon. Adding to the optimism, sustained taker buy dominance highlights that both retail and institutional traders anticipate higher prices. Combined with surging on-chain engagement, this buying pressure might serve as the next short-term catalyst for TRX.
TRON’s expanding network strength contrasts with the token’s subdued market performance. For now, the jump in daily activity shows user confidence is far from fading. If technical signals align with derivatives momentum, TRX may soon break through the $0.32 resistance and test higher levels. The bulls have something to prove, but they finally have momentum on their side.
