crypto.news 2025-07-07 06:51:20

Tron eyes new local highs after 13B transactions and RSI surge

Tron is gaining fresh momentum as TRX surges, backed by rising transaction activity and increasingly bullish trading signals. The network has now handled more than 13 billion transactions. This is a significant milestone that shows both raw growth and a growing role in the global use of cryptocurrencies, particularly in stablecoin transfers between Asia and Latin America. The figure was confirmed in a July 6 post by CryptoQuant contributor Darkost, who highlighted that Tron’s ( TRX ) daily transaction count now averages over 8 million. Much of this volume comes from Tether ( USDT ), which has turned Tron into a practical payment rail for users facing volatile currencies or limited access to traditional banking. Tron is already a parallel financial system for millions of people in nations like Argentina, where stablecoins are used to buy household goods. The market is beginning to reflect this practical application. You might also like: Bitget Wallet cuts on-chain TRON USDT transver costs by 50% With a 10% increase in volume to over $326 million, TRX is currently trading at $0.2886, up almost 2% over the past day. Activity is also rising on the derivatives side, as evidenced by a 2% rise in open interest and 29% surge trading volume, as per Coinglass data . This points to more traders bracing for further gains. From a technical perspective, TRX has recovered its short-term trendline and is currently trading along the upper Bollinger Band, which is an indication of rising momentum especially when supported by volume. Price is above all of the major moving averages, which include the 10-, 20-, 50-, and 200-day ones. TRON price analysis. Credit: crypto.news The relative strength index, which is close to 63, indicates that the market is still bullish without going into overbought territory. The MACD’s upward-pointing signal line and continued positivity support the notion that bulls are still in charge. There is less chance of a false breakout because momentum indicators are gradually rising and volume is supporting the trend. If TRX can easily break through resistance at $0.29, the next upward target is around $0.31, a level that was last tested in mid-June. If the price is unable to hold above the 20-day moving average, which is currently serving as a cushion, a short-term retest of support near $0.2770 may take place. Read more: SRM completes $100m TRON staking push, eyes shareholder payouts