TRX enters a bullish phase: A record in the altcoin season!
With increasing enthusiasm in the cryptocurrency markets, TRON (#TRX), led by Justin Sun, is heading towards a historic turning point. TRX is trading just below its historical resistance level, which has always been in the spotlight for investors. Should this critical barrier be broken, there are rumors that the price could rise to much higher levels.
📊 On-chain data supports TRON
Recently, the number of daily active addresses (DAA) on the TRON network surpassed 2.6 million, marking an all-time high. This massive growth clearly demonstrates the strong demand from TRON's user base. This increase in on-chain activity not only reinforces the network's adoption but also enhances its price growth potential.
The uses of TRON are expanding daily, especially in decentralized finance (DeFi) applications, stablecoin transfers, and the NFT system. This shows that the fundamentals of TRX's price are strengthening.
🎯 Analysts are monitoring the $0.50 range
CryptoQuant analysts point out that TRX faces two critical scenarios:
If a daily or weekly close is achieved above its all-time high, TRX's first target will be the $0.48-$0.52 range. These levels also correspond with price ranges on the chain.
However, if TRX fails to break this range and a downward trend begins in daily active addresses, the bullish sentiment may weaken, and the price may retrace again.
Thus, the fate of TRX entirely depends on whether this resistance level is broken.
🚀 The altcoin season may boost TRON
The long-awaited altcoin season in the cryptocurrency market is on investors' agendas. If Bitcoin's price movements pave the way for altcoins and a new market-wide rally begins, TRON is likely to be one of the projects that benefit the most.
The steady increase in the number of users on the TRON network, the continued vitality of the network, and renewed investor interest make the target of $0.50 for TRON more realistic.
🔮 Conclusion: Has a new era for TRON begun?
The TRON ecosystem, developed over the years under Justin Sun's leadership, has seen a resurgence in interest from both users and investors. If the historical resistance is broken and the bullish trend is confirmed, a new era for TRON may begin.
The price movements of TRON will be one of the most important topics to closely monitor in the coming weeks, not only for investors but for the entire cryptocurrency ecosystem.
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