TRON (TRX) shows steady trader interest and increased activity on its blockchain. Currently, the TRX price stands at $0.31, gaining 3.20% in the past 24 hours.
TRON Nears Key Price Level
With TRX priced at $0.31, it has risen 3.20% in the past 24 hours and 6.5% over the past week. The price approaches the $0.32 mark, identified by traders as a resistance level. Market data shows a pattern of higher lows forming just below this level. Charts tracking the TRX/USDT pair show an ascending triangle setup, often watched by traders looking for breakouts. CryptoQuant analyst CryptoOnchain highlights this structure as a sign of steady demand from buyers.
Increasing Activity on the TRON Network
Daily transaction counts on the TRON network have exceeded 9 million, reflecting heightened usage across the network. The 100-day average for transactions is approaching record levels. The data suggests that more users are active on the network, with increased usage of TRON-based services including stablecoin transfers and decentralized applications. This level of traffic has historically supported stronger price movements.
Tron Inc.: Largest Public TRX Holder
SRM Entertainment has rebranded as Tron Inc. and will now trade under the ticker $TRON on Nasdaq. The company has shifted its focus to building a crypto treasury with an emphasis on TRX. Tron Inc. currently holds over 365 million TRX, making it the largest public company with exposure to this token. A $100 million equity raise supported the shift, and the company's stock rose 53% after the rebranding.
The current indicators for TRON, including stable price growth and network activity, may signal key changes in the market. The rebranding of SRM Entertainment to Tron Inc. also underscores the company's significance within the crypto industry.
