Tron’s network activity is on the rise as TRX price action displays strong bullish signals. The latest data reveals increased user engagement, while technical indicators suggest an imminent breakout.
Analysts highlight a key pattern, hinting at a potential trend reversal. Market sentiment remains optimistic, but confirmation through volume and resistance break is crucial.
The Tron network has experienced a notable increase in active addresses, signaling growing adoption.
Ali, a top crypto analyst, shared on X that Tron’s active addresses have reached a two-month high of 2.94 million. This uptick in network activity reflects strong user engagement, potentially influencing TRX’s price movement.
#TRON network activity is heating up, reaching a two-month high of 2.94 million active addresses! pic.twitter.com/0fig0QFfoa
— Ali (@ali_charts) March 6, 2025
Historically, increased activity has often preceded major price actions in the crypto market.
What you'll learn 👉
Bullish Patterns Emerge on TRX Price Chart
CryptoBusy, a well-known market analyst, identified multiple bullish formations on the TRX chart. The analysis highlights an inverse head and shoulders pattern on higher timeframes and a smaller version on lower timeframes.
Both indicate a potential upside if TRX breaks key resistance levels. Furthermore, strong buying activity is also indicated by the RSI’s bullish convergence close to the 30-level. A breakout may be in the horizon if TRX maintains current momentum.
TRX is currently testing a descending trendline that has historically acted as resistance. CryptoBusy’s analysis suggests that a break and close above $0.2465 could confirm a bullish breakout. The next resistance zones lie between $0.26 and $0.28.
🚀 $TRX: Bullish Patterns Everywhere!
— CryptoBusy (@CryptoBusy) March 6, 2025
We're seeing a clear inverse head & shoulders on the higher timeframe, plus a mini inverse H&S on the lower TF, both signaling potential upside!
Now, $TRX is also touching RSI 30 with convergence, adding more strength to the bullish bias.… pic.twitter.com/gfwysut1ro
On the downside, support levels at $0.2350 and $0.2250 could hold in case of rejection. Traders are watching volume confirmation as an essential factor in determining the breakout’s strength.
Read also: Dogecoin (DOGE) Could Still See a 30x Price Surge to $6: Here’s How
Market Sentiment and TRX’s Next Steps
Despite a minor 0.75% decline in the past 24 hours, TRX has gained 5.36% over the past week. At publication, TRX trades at $0.241, according to CoinGecko.
Analysts stress the importance of patience, as a confirmed breakout requires sustained volume and a successful retest of broken resistance. If these conditions align, TRX could see substantial upward movement.
Tron’s growing network activity and bullish chart patterns position TRX for potential gains. However, traders will need to monitor key resistance levels and volume signals before confirming the next major move.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
