TRON (TRX) set fresh network records, but bearish positioning on Binance kept traders cautious about a stronger TRX recovery.
Key Points:
- TRON daily active accounts rose to 26.97 million, while transactions reached 385.77 million.
- Binance top traders still favored shorts, with 60.23% of positions bearish.
- TRX held support near $0.314, but weak technical signals kept recovery risk high.
TRON Activity
TRON’s latest on-chain data showed daily active accounts rising to 26.97 million, while daily transactions climbed to 385.77 million. The figures marked fresh all-time highs for both measures.
The increase pointed to sustained use rather than a short-lived burst of activity. Higher throughput also suggested that decentralized applications and stablecoin transfers continued to draw users across the network.
The move stood out because active accounts and transaction volume reached record levels together. That combination signaled broader ecosystem growth, not just a single pocket of demand.
Market reaction remained limited despite the stronger blockchain data. Traders continued to treat TRX defensively, showing that network growth alone had not restored confidence in the token’s near-term recovery.
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TRX Pressure
CoinGlass data showed Binance top traders still leaned bearish on TRX. The long-short ratio stood at 0.66, with 39.77% of positions long and 60.23% short.
That split showed professional traders had not moved in line with TRON’s stronger on-chain metrics. Still, the ratio stayed above the month’s weakest readings, which suggested bearish conviction had eased from earlier sessions.
TRX traded near support around $0.314, while immediate resistance sat close to $0.332. A stronger resistance level remained near $0.376, after price had rejected that area and moved back toward support.
Technical indicators also favored caution. The Relative Strength Index fell to 38.70, below the neutral 50 level, while the Parabolic SAR printed dots above price and showed sellers still controlled short-term momentum.
The main test is whether buyers can keep defending the lower support zone. If they do, TRX could make another attempt at $0.332, though a move toward higher resistance would likely require weaker short positioning. TRX’s recent pattern explains why traders remain cautious even as network use improves. The token rejected the higher resistance area, lost buying pressure and returned to support, leaving the recovery dependent on both price defense and sentiment.
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