TRON Faces Key Resistance With Potential Breakout Target at $0.50

TRON (TRX) has been experiencing muted performance in recent weeks, trading at $0.3389 at the time of ￰0￱ represents a 21.4% decline from its all-time high of $0.4313, recorded late last ￰1￱ relatively stable price levels in recent days, the lack of upward momentum suggests investors might be carefully watching for a catalyst that could determine the token’s next major ￰2￱ this market setting, analysts are closely tracking TRON’s on-chain ￰3￱ key observation comes from CryptoQuant contributor CryptoOnchain, who examined network activity and resistance ￰4￱ to the analyst, TRX is currently testing its historical resistance zone, a level that could prove decisive in whether the asset pushes toward higher targets or risks another ￰5￱ Reading: Extreme Greed Grips TRON: Could a Market Pullback Be Next?

TRON Network Activity and Potential Breakout CryptoOnchain noted that TRON’s network activity is at record levels, with daily active addresses (DAA) surpassing 2.6 million, the highest figure in its ￰6￱ surge in user activity reflects strong underlying demand for the network, even while TRX’s price has struggled to break higher. Historically, such growth in addresses has acted as a fundamental driver for price strength, signaling that demand for TRON’s blockchain services remains ￰7￱ analyst highlighted that TRX sits just below its historical ￰8￱ the token were to close above its all-time high and sustain that level, the breakout target could range between $0.48 and $0.52, aligning with TRON’s On-Chain Value Bands metric.

However, CryptoOnchain cautioned that this scenario depends heavily on TRON maintaining its active address momentum. A decline in DAA could undermine the bullish setup, exposing TRX to downside ￰9￱ outlook also ties into broader market ￰10￱ CryptoQuant analyst believes that a potential altseason, a period of significant gains across altcoins, could provide the momentum needed for TRX to achieve a ￰11￱ this context, continued high network demand and user activity would support further price ￰12￱ Activity and Stablecoin Dynamics In a separate analysis, CryptoQuant contributor Amr Taha examined stablecoin flows on the TRON network, particularly the activity of large ￰13￱ showed that in the past 24 hours, wallets holding over $100 million in USDT dominated TRON’s transaction volume, coinciding with Bitcoin regaining momentum above the $110,000 ￰14￱ concentration of large transfers is significant because it often precedes shifts in broader crypto market sentiment.

A notable example occurred on August 12, when $100M+ wallets moved approximately $3.9 billion in USDT across the TRON ￰15￱ wave of transfers directly coincided with a 5% rally in Bitcoin, highlighting the role of stablecoin liquidity in driving market ￰16￱ Reading: TRON Spot Market Signals Relief – Seller Dominance Weakens After Cycle High Taha added that the distribution of daily USDT wallet changes reinforces this ￰17￱ with balances above $100M accounted for nearly 35–36% of total daily activity, a level nearly identical to August’s ￰18￱ concentrated whale activity suggests that stablecoin flows on TRON remain a leading indicator for market positioning and potential capital rotations into risk assets like TRX and ￰19￱ image created with DALL-E, Chart from TradingView