Tron Bulls Reassert Dominance – On-Chain Analysis Indicates Increased Buying Interest

While Bitcoin and other leading cryptocurrencies have reached unprecedented highs, Tron (TRX) has been experiencing a period of tight consolidation. Despite the overall market’s upward momentum, TRX remains approximately 66% below its peak from early December. This stagnation has caught the attention of investors and analysts, who are now looking at Tron as a possible candidate for a breakout.

Being one of the standout Layer-1 blockchains in the past year, Tron boasts solid fundamentals. The network excels in stablecoin transaction volume and user engagement, positioning it advantageously for potential growth if altcoins begin to mirror Bitcoin’s movement. Recent on-chain analytics reveal an encouraging trend: the Buy/Sell Pressure Delta, which tracks net buying versus selling activity over the last three months, indicates that TRX has re-entered a zone of buying pressure.

This signal has historically been a precursor to upward price movements, particularly when paired with strong fundamentals and positive market sentiment. If the buying pressure holds and the price breaks through current resistance levels, Tron could see a noteworthy rally to align itself with the broader market trends. At this point, all attention is focused on the ability of this newfound demand to catalyze TRX’s next upward movement.

Tron Demonstrates Resilience as Bullish Sentiment Builds

Tron (TRX) stands out as one of the most resilient altcoins in recent times, demonstrating strength even amid challenging conditions for most non-Bitcoin assets. Since late 2022, TRX has been on a consistent upward path, defying broader market corrections while maintaining solid on-chain fundamentals. The asset is now consolidating around critical technical levels, gearing up for what could be its next significant upward movement.

While Bitcoin continues to dominate the current market cycle—reaching new all-time highs and capturing the bulk of capital—numerous altcoins, including Tron, still lag behind. This discrepancy has led some analysts to speculate about the likelihood of an altcoin season. Most experts suggest that this is a Bitcoin-centric cycle, particularly in light of the inflow into BTC ETFs and existing macroeconomic uncertainties. Nevertheless, there remains a glimmer of hope for a shift towards altcoins.

Supporting this optimistic outlook, insights from CryptoQuant indicate that TRX has once again entered a buying pressure zone. The Buy/Sell Pressure Delta shows a distinct shift away from the selling pressure area. Demand is trending upward, favoring bullish outcomes.

Crucially, TRX hasn’t yet hit historical markers that typically signal price tops. This indicates there is still a potential for growth prior to any caution becoming necessary. If the larger market fosters a rotation, Tron could re-emerge as a leading Layer-1 performer, especially as traders look for robust opportunities beyond Bitcoin.

Technical Evaluation: Bulls Support Higher Lows Above Key Support

The daily chart for Tron illustrates that the asset is consolidating following a significant push towards the $0.28 resistance range. The price action has maintained a clear bullish structure since early April, with consistently higher lows emerging along the 34-day EMA ($0.26), which now serves as dynamic support. The 50, 100, and 200 SMAs are all showing upward trends, closely aligned beneath the current price, suggesting a long-term bullish alignment.

TRX is currently caught in a short-term consolidation phase between approximately $0.26 and $0.28. The price recently tested the upper boundary twice, but it couldn’t break through with sufficient momentum. Nonetheless, support at $0.26 has proven to be robust, indicating that buyers remain in command.

For a breakout confirmation, bulls need to decisively push the price above $0.28 with increased trading volume, which could pave the way for a surge towards $0.30 and potentially revisit December’s highs near $0.36. Conversely, failing to maintain $0.26 could jeopardize this setup, likely leading to a decline towards the $0.2430 region, where the 100 SMA is currently positioned.