TRON’s on-chain activity reached a new milestone after daily active accounts soared to 26.97 million, while daily transactions jumped to 385.77 million.
The numbers reflect sustained user participation across the network rather than a brief spike in activity.
The growing transaction throughput also suggests that decentralized applications and stablecoin transfers continue to drive consistent engagement.
Unlike previous growth phases, active addresses and transaction volume together reached new all-time highs, highlighting a broader expansion of the ecosystem.
However, record network usage failed to trigger an immediate bullish response from traders. Market participants continued to approach TRX cautiously despite the blockchain’s stronger fundamentals.
Why were Binance traders still bearish on TRON?
Despite the network’s high adoption, Binance’s top traders continued to favor short positions.
The last Long/short ratio stood at 0.66, showing that only 39.77% of positions remained long while 60.23% favored short positions. These numbers indicate that professional traders had not yet aligned themselves with improving on-chain metrics.
Instead, they maintained a defensive stance even after TRON saw record activity.
However, the ratio also remained above the month’s lowest values, suggesting that bearish conviction has eased slightly compared to previous sessions. Despite this, sellers still controlled positioning on the exchange.
Until long exposure increases significantly, derivatives sentiment will likely continue to limit bullish conviction despite the stronger network fundamentals supporting TRX.
TRX Support Holds, But Can Buyers Take Back Control?
At the time of writing, TRX traded near an important support zone around $0.314, while immediate resistance remained near $0.332 and stronger overhead resistance lay near $0.376.
Price had previously rejected higher resistance before moving back towards support, showing that buyers lost strength after the rally.
The Relative Strength Index (RSI) also weakened to 38.70, falling below the neutral level of 50 and reflecting decreasing buying pressure.
Additionally, the Parabolic SAR continued to print points above price, confirming that sellers retained short-term control throughout the recent decline.
However, TRX has consistently defended the lower support instead of breaking below it.
If buyers continue to protect this zone, the token could attempt another move towards the $0.332 resistance before challenging higher levels.
In summary, the network’s record growth has strengthened TRON’s fundamental outlook, but derivatives traders remain unconvinced.
Price continued to hold a critical support zone despite weakening technical indicators and negative funding.
If buyers maintain their support and sentiment gradually improves, TRX could challenge the $0.332 resistance. However, bearish derivatives positioning is expected to weaken before a sustainable recovery towards higher resistance becomes more likely.
Final summary
- TRON saw historic network activity while derivatives traders continued to favor bearish positioning on Binance.
- TRX defended key support, although weak RSI and negative funding reflect cautious market sentiment.
