Tron (TRX) has been on a remarkable upward trajectory, gaining significant attention from the crypto community following recent developments. According to CoinGecko, TRX has surged by 14% over the past week, and this bullish trend may persist as major cryptocurrencies like Bitcoin and Ethereum continue to pull altcoins upward.
With the current favorable market conditions, Tron is well-positioned to achieve substantial gains this week. A contributing factor to this outlook is a recent tweet from Mobilum, which highlighted Tron’s robust network and its extensive use in transactions across the globe.
Tron Users Drive Mobilum’s Global Operations
Mobilum, a crypto banking platform, shared statistics showcasing the significant contribution of Tron users to its operations worldwide. According to the post on X (formerly Twitter), Tron users have been pivotal in driving transactions on Mobilum’s platform, with the largest share of these transactions coming from Asia, accounting for over 39%. The United States and Europe followed closely behind. This development marks a crucial turning point for Tron as it gains traction in real-world use cases, further solidifying its position in the crypto ecosystem.
Tron Reaches New Annual Transaction Highs
In addition to its growing adoption, Tron’s network has demonstrated impressive performance, with Into The Block recently reporting nearly 8 million transactions per day, averaging 7 million daily transactions. This high throughput has significantly contributed to TRX’s long-term growth. The platform’s focus on stablecoins has also been a key driver of its success, with four stablecoins—USDT, USDJ, TUSD, and USDC—currently in use on Tron.
TRX Faces Resistance but Remains Resilient
Despite its bullish momentum, TRX may encounter challenges in the coming days. The token has reached a ceiling of $0.1472, which could prove difficult for TRX bulls to break through in the short term. A temporary pullback to more sustainable levels is possible, with a rebound likely to follow.
As of now, TRX appears to be slightly overpriced after several days of gains. The Relative Strength Index (RSI) indicates that the token is at its peak, signaling a potential loss of momentum in the near future. This could result in a decline to $0.14, and if bearish pressure intensifies, TRX might dip further to $0.13.
Outlook for TRX Investors
However, $0.13 is expected to be the lowest point TRX will reach. As Tron’s low correlation with Bitcoin begins to increase, the token could regain lost ground once the current bullish run stabilizes. For now, holding TRX may be the best strategy for investors and traders, as they closely monitor broader market trends and price swings.
