Tron Bulls Regain Control – On-Chain Data Shows Fresh Buying Pressure
Bitcoin and major cryptocurrencies have reached new all-time highs, while Tron (TRX) remains 66% below its December peak, consolidating in a tight range. Despite this, Tron is gaining attention as a potential breakout candidate due to its strong fundamentals and position as a leading Layer-1 blockchain. The network excels in stablecoin settlement volume and user activity. Recent on-chain data indicates that TRX has entered a buying pressure zone, historically linked to bullish price movements. Analysts note that if buying pressure continues and TRX breaks resistance levels, a significant rally could occur. Although Bitcoin dominates the current cycle, there is optimism for a potential rotation into altcoins like Tron, which has shown resilience and steady growth since late 2022. TRX's demand now exceeds supply, suggesting further upside potential before reaching historical price thresholds.
