Tron TRX Becomes Worst Weekly Performer Despite Multiple Bullish Signals
Tron (TRX) was the worst-performing asset among the top 10 cryptocurrencies last week, trading around $0.315 with a 1.5% weekly decline and a 10% drop over the past 30 days. Despite this, several bullish indicators emerged. Daily transactions on Tron surpassed 14.3 million, a new record, indicating strong network demand. Stablecoin value on Tron reached $90.96 billion, a record high, rising 4.9% since Q1 end. DEX volume also increased 28% over the past 30 days. Institutional accumulation continued, with Tron Inc. buying 159,118 TRX, bringing its holdings above 700.3 million TRX. Regulatory access improved with TRX listing on Bitnomial (CFTC-regulated US exchange) and OKX Europe offering TRXUSD perpetuals. Technically, TRX trades within an ascending triangle on the weekly chart, with resistance near $0.365. A breakout could lead to further gains.
Key facts
- TRX fell 1.5% weekly and 10% monthly, worst among top 10.
- Daily transactions hit record 14.3 million, network demand robust.
- Stablecoin value on Tron reached $90.96 billion, a new record.
- Institutional accumulation: Tron Inc. bought 159,118 TRX, holdings above 700.3M.
- TRX listed on US regulated exchange Bitnomial and OKX Europe perpetuals.