Tron – How TRX’s move to $0.37 depends on THESE levels

Key Takeaways

TRX seems to be feeling itself with a bullish surge, driven by skyrocketing spot demand, network activity that’s almost showing off, and a serious lack of sell pressure. If it can break through the $0.35 mark, we might see the price tiptoe toward the $0.371 Fibonacci extension. Who’s betting?

TRON [TRX] logged a whopping 8.29 million USDT transactions last week, sending a clear message: it’s not just retail investors anymore, institutional folks are jumping in too. And they’re not playing small ball.

Interestingly, it’s the $101 to $1,000 transactions that are making the waves, accounting for nearly 39% of the action. This is the kind of growth we like to see when remittances, freelance payments, and crypto-native commerce are casually strutting their stuff in the limelight.

Meanwhile, microtransactions (those under $10) took a dip, now just 5.63%, suggesting the ecosystem is maturing. Someone, call the maturity police!

These trends suggest that TRON is stepping away from low-fee transfers and strutting confidently toward more meaningful stablecoin settlements. And guess what? This could spell BIG things for TRX’s price, or at least, it should.

Will Tron break out as it retests a key resistance level?

TRX has been climbing up with the elegance of a circus acrobat since mid-June, soaring from around $0.26 to $0.3393 at the time of writing. What’s next, you ask? A date with resistance at $0.344 to $0.351, courtesy of the 0.786 Fibonacci level and some previous rejection wicks-nothing like a little déjà vu to spice things up.

The next logical stop on this rollercoaster ride is the 1.618 Fib extension at $0.371, provided that the bulls don’t hit snooze. But beware, if the price gets rejected here, we could be in for a detour back to the ascending trendline. Decisions, decisions…

Is spot market demand strong enough to push Tron higher?

The 90-day Spot Taker CVD indicator is telling us that Taker Buy activity is still the star of the show, with buyers leading the pack. That’s usually a good sign, as it suggests organic accumulation, not just people jumping on the speculative hype train.

Unlike those cute little limit orders, taker buys are the real deal, executing immediately. The kind of demand that says, “I want in, NOW.” And folks, that’s the kind of action that supports a solid uptrend, not some flash-in-the-pan craze.

So, TRX’s price is feeling pretty good right now, backed by some solid confidence in the spot market, not some wild, short-term guessing game.

Does high profitability reduce the chance of a Tron sell-off?

Turns out, TRX holders are living the dream, with 96.38% of them sitting pretty “in the money.” That’s over 90 billion TRX, folks, so don’t expect them to just toss it all away because of a little price dip.

Only 2.92% are “out of the money,” which means there’s very little incentive for people to run for the hills. And you know what that means? Fewer panic sellers. If TRX breaks above $0.35, we might just see a nice, smooth breakout.

Will derivatives support the next leg of TRX’s rally?

The derivatives market is coming in hot, with volume up 11.77% to $355.86 million and Open Interest (OI) climbing 6.82% to $554.16 million. Traders are getting their game faces on, and you can bet they’re positioning for more upside.

OI growth is usually a sign of confidence, not confusion. It shows that futures traders are feeling good about things, so don’t expect them to panic anytime soon. It’s a combo of conviction and confidence, folks.

But don’t get too comfortable. If funding rates start spiking, overleveraging could cause a little chaos. So, the next few sessions are going to be crucial.

Can TRX turn resistance into support and extend toward $0.371?

TRX’s rally is looking pretty sharp, backed by strong network activity, dominant spot buying, and a growing derivatives volume. With 96% of holders in profit and no signs of panic, momentum is still strong.

If the bulls can keep up the pressure and break through the $0.35 resistance, the next target is looking like $0.371. But can they maintain this pace? Time will tell, and as always, the market will have the final say.

2025-08-07 18:00