TRX Price Analysis: Is a Hidden Rally Brewing Beneath the Surface?

TRX Price Stagnates Despite 9 Million Daily Transactions on TRON

TRX Price Analysis – Over the past six months, the TRON (TRX) network has recorded a consistent increase in daily transaction volume, indicating rising user activity and adoption. According to on-chain analyst CryptoOnchain, writing via CryptoQuant Insights, from January to late May 2025, the average daily transactions ranged between 6 to 9 million—a significant metric that highlights growing network demand.

Despite this, data from Token Terminal showed that TRON’s transaction fees are comparable to Bitcoin (BTC) but still considerably higher than Solana (SOL), which also managed to surpass TRX in terms of total transaction count.

TVL Declines Despite Active Usage

Interestingly, DeFiLlama data painted a more cautious picture. The Total Value Locked (TVL) on the TRX network has been on a steady downtrend since December 2024, despite a short-lived spike in mid-May. In the last 24 hours, TVL has dropped once again, signaling potential capital outflows or declining investor confidence.

This divergence between growing network activity and falling TVL suggests conflicting signals regarding long-term user retention and capital commitment within the ecosystem.

TRX Price Momentum Neutral Amid Market Uncertainty

TRX’s recent price action has been directionless, with no clear trend developing over the past two weeks. On the 1-day chart, momentum has shifted from bullish to neutral, unlike early May when TRX consolidated near the $0.25 resistance zone before surging.

At press time, the Chaikin Money Flow (CMF) showed a value of -0.08, indicating strong capital outflows and mounting selling pressure. Similarly, the Accumulation/Distribution (A/D) indicator declined, reinforcing the bearish sentiment.

Still, a Bitcoin recovery could reignite bullish momentum for TRX, potentially pushing it to reclaim the $0.28 support and target the $0.30 retracement level. However, current indicators point toward caution rather than conviction.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.