TRON accelerates as TRX continues to be bullish and trading surges.

In recent weeks, TRX – the native token of the Tron network – has been witnessing an impressive bounce back, with strong growth not only in value but also in trading metrics. This is not a fleeting bullish surge, but a clear mark affirming Tron’s position as a real competitor in the crypto world, with a strong platform and outstanding development potential.

Important milestone: 13 billion transactions

As of this week, the Tron network has officially processed over 13 billion transactions – a colossal number that cannot be overlooked. This is not only an impressive milestone but also demonstrates the robust and stable operational capability of Tron in practice. This becomes even clearer as Tron has become one of the main vehicles for stablecoin transactions, especially between Asia and Latin America, regions that are increasingly demanding stable, fast, and cost-effective currency transactions.

A large part of this success comes from the strong integration of Tether (USDT), which has become the main payment medium on the Tron network. Especially in countries like Argentina, where the local currency is highly volatile, people are gradually shifting to using USDT for basic transactions. This not only demonstrates the practical application of blockchain technology but also affirms that Tron plays a key role in everyday value transfer.

In terms of trading, TRX has witnessed significant growth. On July 6, TRX recorded a growth of up to 10%, bringing the trading volume to over 326 million dollars, with the current trading price reaching 0.28 dollars, an increase of about 1% for the day. This indicates that not only long-term investors but also derivative traders are actively participating in the market, with open contracts and trading volume both experiencing strong growth, especially on platforms like Coinglass.

TRX still has bullish growth potential

Technically, TRX is showing a very positive outlook. Currently, the value of TRX is approaching the upper Bollinger Band, which typically signals an increase in momentum and a strong bullish trend. At the same time, TRX is maintaining a stable position above all important moving averages such as MA 10, MA 20, MA 50, and MA 200 – a strong signal indicating a bullish trend and market stability.

The current RSI index is at 62.4, indicating a clear bullish trend, but it has not yet entered the overbought zone, meaning there is still plenty of growth potential.

In addition, the MACD is currently in a bullish trend, strongly reinforcing the view that the buyers are still in control of the market and may push the price higher.

TRX 1-day price chart | Source: TradingViewIf TRX can break through the $0.29 level, the next target is $0.31, a price level that TRX last reached in mid-June. However, if it cannot maintain support from the 20-day moving average, we may see the price drop to $0.27 before having a chance to bounce back.

The strong development of Tron in recent times, along with impressive trading metrics, not only proves that TRX is becoming a reliable platform but also serves as a strong affirmation of the practical application of cryptocurrency in international transactions. Although TRX currently has strong momentum, the market is still highly volatile, and investors need to closely monitor technical signals to take advantage of opportunities. However, if this growth momentum continues, TRX may rise to become one of the leading cryptocurrencies in the near future.

Taylor