Key Takeaways

Active addresses on the TRON network surged to 6.23 million, indicating a strong recovery despite a price decline.
The Taker Buy Dominance and a Long/Short Ratio of 1.49 suggest traders are positioning for a breakout above $0.3236.
A notable increase in network activity, even amidst price weaknesses, signals a potential bullish divergence in TRX.

The TRON [TRX] network has recently experienced remarkable activity, with daily active addresses climbing to 6.23 million—marking one of the highest levels in its history. This surge occurred as TRX traded around $0.29, following a steady decrease from its local high of $0.36 at the time of writing. The rising network activity juxtaposed with a price downturn hints at a bullish divergence, suggesting that the asset's inherent value could be higher than current market prices. Historically, such divergences indicate zones of potential reversal, indicating that TRON's ecosystem engagement might be setting the stage for a near-term recovery.

TRX Seeks Recovery from Channel Support

In the weeks following sustained selling pressure, TRX has rebounded from the lower boundary of a descending channel that has functioned as a dynamic support since August. The recent bounce near $0.29 has indicated renewed interest from buyers. As of this writing, the RSI on the daily chart was noted at 33.42, approaching the oversold territory, where reversals often occur. This situation reflects accumulation efforts by traders defending this key support level. However, for momentum to gain strength, TRX must successfully close above $0.3236. A breakout past this point could trigger an upward movement toward $0.3533 and $0.37, forming a potential mid-term reversal pattern.

TRX Daily Chart

Taker Buy Dominance Supports Bullish Divergence

Market sentiment within the futures arena aligns closely with TRON’s improving technical and on-chain outlook. The 90-day Cumulative Volume Delta (CVD) reveals a clear dominance of Taker Buy Volume, indicating that buyers are actively lifting sell orders rather than waiting for lower prices. This trend typically signals an expectation of continued upward movement from both retail and institutional traders. The increased aggressive buying coincided with a rise in TRON’s network usage—a combination often seen before trend reversals. Ongoing taker buy pressure may serve as the next short-term catalyst, pushing TRX towards higher resistance levels.

TRX Futures Taker CVD

Long Positions Outnumber Shorts as Traders Bet on Recovery

TRON’s derivatives data reinforces the bullish sentiment that is gathering momentum. As per Binance’s Long/Short Ratio, 59.88% of positions are long, compared to 40.12% that are short, reflecting a ratio of 1.49 at the time of reporting. This indicates that a majority of traders are anticipating a bounce from the current support levels. A strong long bias typically arises toward the end of major corrections, portraying market participants' expectations for a relief rally. This sentiment is further bolstered by the control of Taker Buy activity. Additionally, if Open Interest rises along with this long bias, TRX could experience an accelerated push towards the $0.35–$0.37 range as momentum traders re-enter the market.

Long/Short Ratios

Is TRON Ready for a Bullish Breakout?

TRON’s rebound from channel support, combined with its increasing active addresses, confirms its bullish recovery setup. A daily close above $0.3236 would officially confirm the reversal, opening the path for TRX to reach the $0.35–$0.37 area. The alignment of on-chain growth, Taker Buy dominance, and positive sentiment in derivatives positions TRX for a potential breakout, provided that momentum remains strong.