TRON's Network Activity Surges, but TRX Price Remains in Consolidation
TRON's network activity has surged, averaging 6–9 million daily transactions. However, TRX's price remains in a consolidation phase, with technical indicators showing neutral to bearish momentum. A bullish turn in Bitcoin's performance may be needed to drive TRX towards higher resistance levels.
Coinccino 
Over the past six months, the TRON network has experienced a significant increase in daily transactions, averaging between 6 to 9 million. This uptick indicates growing adoption and usage of the network.
Despite this growth, TRX's price has remained relatively stable, consolidating around the $0.25 resistance zone. Technical indicators such as the Chaikin Money Flow (CMF) and Accumulation/Distribution (A/D) suggest a neutral to bearish momentum, with capital outflows and increased selling pressure.
The Total Value Locked (TVL) on the TRON network has been declining since December 2024, with a brief spike in mid-May followed by a subsequent drop.
Analysts believe that a resurgence in Bitcoin's bullish momentum could positively influence TRX, potentially pushing it towards the $0.28 support area and aiming for the $0.30 retracement level.
