TRON Accumulation Phase Detected—Major Price Surge Coming
Tron (TRX) has experienced a 2.6% increase over the past two weeks, currently trading at $0.2495, with a 0.7% rise in the last 24 hours. This stability contrasts with muted price movements in major altcoins. On-chain analysis indicates an accumulation phase for Tron, with declining new wallets and transaction fees suggesting a cooldown in activity rather than weakness. Despite reduced gas usage and stagnant wallet growth, historical patterns indicate this could precede stronger market movements. Conversely, Tether (USDT) activity on Tron has surged, reaching over $71 billion, second only to Ethereum. This growth in stablecoin supply reflects strong demand for value transfer on the network, bolstered by low transaction costs, enhancing Tron's role in decentralized finance (DeFi).
