TRON Smashes 354 Million Accounts: Is $0.288 the Next Stop for TRX?
TRON's network just hit a milestone that would make most traditional banks blush—over 354 million accounts are now active on its blockchain.
Network Growth vs. Price Action
That's a user base larger than the population of the United States, yet TRX's price hasn't quite reflected the sheer scale of adoption. The network keeps adding accounts at a blistering pace, but the token's valuation seems stuck in a holding pattern, watching from the sidelines like a cautious Wall Street analyst who missed the crypto memo.
The $0.288 Question
So, what gives? Fundamental growth this massive typically lights a fuse under an asset's price. The 354 million figure isn't just a vanity metric; it represents real utility, transactions, and a sprawling ecosystem. History shows that when a network's fundamental metrics break records, its native token often follows—after the suits finally catch on, of course.
All eyes are now on that key resistance level. If this user growth translates into sustained network activity and locked value, the path toward higher valuations clears. Otherwise, it's just another case of 'build it and they will come,' while the price action takes a nap.
TRX Price Rising Pattern Signals Buyer Support
TRX is forming a steady rising pattern, where price is moving higher after a period of consolidation. The latest chart developments include higher lows, and it can be observed that buyers are supporting the price, and thus their overall outlook remains constructive. Although there isn’t any strong upside momentum, prices are steady, implying that there is accumulation and not distribution at current levels.
Source: TradingView
Momentum indicators are consistent with this perspective. The MACD is positive with an increasing histogram, indicating strengthening bullish momentum, although this strength has now eased somewhat. RSI is in the middle 50s after a retreat from recent highs, indicating temporary consolidation while the underlying bullish pattern persists.
TRON Faces Short-Term Pullback After Rejection Near Highs
On the TRX 4-hour chart, a strong MOVE from $0.281 to $0.288 is observed, after which a rejection at the level of the upper Bollinger Band is seen. A subsequent correction towards the mean level indicated profit-taking in TRX. Price is halted temporarily by the EMA clusters in the upper region.
Source: TradingView
Despite the rejection, structure is constructive. Price is still above the 50 and 100 EMAs, with the Bollinger Bands indicating the expansion of volatility after a period of consolidation. The immediate area of support is found around $0.283-$0.281, while a more distant support area exists around $0.278. Maintaining these levels keeps the short-term uptrend intact and may shift the trend above $0.288.
Also Read: TRON (TRX) Hits $0.28 Consolidation As The Network Expands into Base Network
