TRON’s on-chain activity reached a new milestone, with daily active accounts rising to 26.97 million and daily transactions rising to 385.77 million.
figures it reflects sustained user engagement across the network rather than a brief spike in activity.
Increasing transaction volume He also suggested that decentralized applications and stablecoin transfers continue to attract consistent interaction.
Unlike previous growth phases, both active addresses and transaction volume reached all-time highs, indicating broader expansion of the ecosystem.
However, record network usage failed to trigger an immediate bullish reaction from investors. Market participants continued to approach TRX cautiously despite stronger blockchain fundamentals.
Why were Binance investors still bearish on TRON?
Despite the increase in network adoption, Binance’s top traders continued to favor short positions.
Latest Long/Short Ratio It remained at 0.66, indicating that only 39.77% of positions remained long, while 60.23% opted for short positions. These figures showed that professional traders have not yet adapted to improving on-chain metrics.
Instead, they maintained a defensive stance even after TRON recorded record activity.
However, the rate also remained above the monthly lows, indicating that bearish sentiment has eased somewhat compared to previous sessions. Despite this, sellers still controlled the positioning on the exchange.
Until long-term risk increases meaningfully, derivative sentiment will likely continue to limit the uptrend despite stronger network fundamentals supporting TRX.
TRX support continues, but will buyers regain control?
While writing, TRX It is trading near a key support area near $0.314, while immediate resistance remains near $0.332 and stronger overhead resistance is near $0.376.
Price had previously rejected higher resistance before moving back towards support; This showed that buyers lost power after the rise.
The Relative Strength Index (RSI) has also weakened to 38.70, falling below the neutral 50 level, reflecting reduced buying pressure.
In addition, the Parabolic SAR continued to print points above the price, confirming that the sellers maintained short-term control throughout the recent decline.
However, TRX still defended the lower support instead of breaking below.
If buyers continue to hold this zone, the token could attempt another move towards the $0.332 resistance before challenging higher levels.
To summarize, record growth on the network has strengthened TRON’s fundamental outlook, but derivative investors remain unconvinced.
The price continued to hold the critical support zone despite weakening technical indicators and negative funding.
TRX could challenge the $0.332 resistance if buyers hold the support and sentiment gradually increases. However, bearish derivative positions will need to weaken before a sustained rebound towards higher resistance becomes likely.
Final Summary
- While TRON recorded historic network activity, derivatives traders continued to take bearish positions across Binance.
- Although the weak RSI and negative funding reflected cautious market sentiment, TRX defended key support.
