TRON Hits 6.23M Addresses as TRX Eyes $0.32

Key Points: TRON network activity exploded to 6.23 million daily active addresses on October 27, marking the second-highest level in its history, while TRX price traded near $0.29 after declining from a $0.36 August high. This sharp contrast between surging on-chain engagement and falling price creates a classic bullish divergence that has historically preceded major trend reversals. Technical analysis shows TRX rebounding from the lower boundary of a descending channel with RSI at 33.42, close to oversold territory where reversals typically emerge. Futures market sentiment reinforces the bullish setup, with taker buy volume dominating 90-day cumulative volume delta and a 1.49 long/short ratio showing 59.88% of positions betting on upside. If TRX closes above the critical $0.3236 resistance level, analysts project targets of $0.35–$0.37, with the potential for a larger move toward $1 by 2025 if momentum sustains and institutional adoption continues.

Key Facts at a Glance (As of October 30, 2025)

Current TRX Price: $0.29–$0.30
Daily Active Addresses (Oct 27): 6.23 million (2nd-highest ever)
Price Decline from August High: -19% (from $0.36)
RSI Level: 33.42 (near oversold)
Critical Resistance: $0.3236
Breakout Targets: $0.35–$0.37
Long/Short Ratio: 1.49 (59.88% long positions)
Daily Transactions (Oct 29): 12.6 million (highest since June 2023)
TRON USDT Market Share: 65% of retail transfers under $1,000
Q3 Daily Active Users: 2.6 million (2nd only to Solana)

TRON just did something remarkable, and most people missed it. While crypto traders obsessed over Bitcoin's latest moves and Ethereum's upgrade drama, TRON's network quietly processed 6.23 million daily active addresses on October 27. That's the second-highest activity level in the blockchain's entire history. And it happened while TRX price was sliding down from $0.36 to $0.29.

This disconnect matters. When network fundamentals surge while price drops, smart money starts paying attention. It's called a bullish divergence, and in crypto, these moments often signal that a reversal is brewing beneath the surface.

What's Behind TRON's Massive Network Activity Spike?

The numbers tell a story of real adoption, not speculation. TRON jumped from a baseline of roughly 3.5 million daily active addresses to 6.23 million in a single day. That's not noise. That's a 78% surge in actual users interacting with the network.

According to blockchain analytics platform CryptoQuant, this spike represents genuine network demand. These aren't bots farming airdrops or wash trading artificially inflating metrics. These are wallets sending USDT, executing smart contracts, and moving value across borders.

TRON has carved out a specific niche that larger blockchains often overlook: affordable, high-speed stablecoin transfers. The network handles roughly 65% of all retail USDT transfers under $1,000 globally. For people in Africa, Asia, and South America where access to actual US dollars is limited, TRON provides a lifeline. You can send $50 to family across borders for pennies in fees, and it settles in seconds.

This isn't theoretical adoption. Daily transactions hit 12.6 million on October 29, the highest tally since June 2023. TRON averaged 2.6 million daily active users throughout Q3 2025, ranking second only to Solana and ahead of both Ethereum and BNB Chain. About 74% of those users engage in peer-to-peer transactions, the highest proportion among major Layer-1 blockchains.

Blockchain	Daily Active Users (Q3 2025)	P2P Transaction %	USDT Market Share	Daily Transactions
TRON	2.6 million	74%	65% (retail)	12.6 million
Solana	3.1 million	~45%	~8%	~15 million
Ethereum	525,000	~35%	~52%	~1.2 million
BNB Chain	2.4 million	~52%	~15%	~3.5 million

Why Is TRX Price Falling While Network Growth Explodes?

Here's the paradox keeping traders up at night. TRON's fundamentals are screaming bullish, but the price has been bleeding since August. TRX peaked near $0.36 in late summer and has since dropped to $0.29, a 19% decline that coincided with one of the strongest periods of network growth in TRON's history.

This divergence between price and activity isn't random. It suggests the market is underpricing TRON's real-world utility. While speculative tokens pump on hype and memes, TRON quietly became infrastructure. Over 11.1 billion lifetime transactions have processed through the network, and it now hosts roughly $78.7 billion in USDT, second only to Ethereum's $83.4 billion.

The price weakness likely stems from broader market conditions. Crypto markets have been consolidating for weeks, with risk appetite muted ahead of Federal Reserve decisions and macroeconomic uncertainty. In these environments, utility tokens with strong fundamentals often get overlooked in favor of Bitcoin and Ethereum, which dominate headlines and institutional flows.

But that creates opportunity. When on-chain metrics surge while price lags, it means the asset's intrinsic value is growing faster than its market valuation. Historically, these gaps don't last forever. They either close through price appreciation or network activity declines. Given TRON's track record of sustained growth and its dominance in stablecoin infrastructure, the former seems more likely than the latter.

How Does the Technical Setup Look for TRX?

Charts are telling a cautiously optimistic story. TRX is trading within a descending channel that has defined price action since August. After weeks of selling pressure, the token recently bounced from the channel's lower boundary near $0.29, signaling renewed buying interest at support.

The Relative Strength Index sits at 33.42, hovering just above the oversold threshold of 30. This is classic reversal territory. When RSI drops below 35 on a sustained downtrend, it often marks the exhaustion phase where sellers lose steam and buyers start accumulating. TRON hasn't quite reached panic-selling levels, but it's close enough that any positive catalyst could trigger a sharp rebound.

The key level everyone's watching is $0.3236. This resistance zone represents the upper boundary of the descending channel and aligns with previous price action where sellers have consistently stepped in. A clean daily close above $0.3236 would break the bearish structure and signal that bulls have regained control.

If that breakout happens, the next targets are clear. First stop: $0.3533. Then $0.37. These levels aren't arbitrary. They're derived from Fibonacci retracement zones and previous swing highs that act as natural profit-taking areas. A move to $0.37 would represent a 27% gain from current levels, wiping out most of the August-to-October decline.

What Are Futures Markets Saying About TRX?

Derivatives data adds another layer to the bullish case. TRON's 90-day Cumulative Volume Delta shows a clear dominance of taker buy volume. That means traders are actively lifting sell orders rather than passively waiting for lower prices. This type of aggressive buying typically signals expectations of continued upside from both retail and institutional participants.

Taker buy dominance matters because it reveals conviction. When buyers are willing to pay the spread and market-buy into resistance, it indicates they believe current prices won't last. This behavior often precedes breakouts, especially when it coincides with improving on-chain fundamentals.

Binance's long/short ratio tells a similar story. As of October 29, 59.88% of positions are long while 40.12% remain short, creating a 1.49 ratio. That's a strong bullish tilt. The majority of traders are betting on a bounce from current support levels rather than further downside.

This positioning is significant because it typically emerges near the end of major corrections. After a prolonged decline, when sentiment finally shifts and longs start outnumbering shorts by this margin, it often marks the transition from distribution to accumulation. The smart money is quietly building positions while price is depressed, anticipating the next leg higher.

What Could Trigger the TRX Breakout?

Several catalysts could push TRON above $0.3236 and toward higher resistance levels. The most immediate is sustained network growth. If daily active addresses remain elevated above 5 million through November, it would confirm that October's surge wasn't a one-time spike but rather a structural shift in adoption.

The Federal Reserve's monetary policy also plays a role. If the Fed signals a dovish stance with continued rate cuts or easing quantitative tightening, it would boost liquidity across risk assets. Crypto markets tend to rally when liquidity conditions improve, and TRON could benefit from that broader trend.

TRON's role as stablecoin infrastructure provides another tailwind. Tether CEO Paolo Ardoino recently celebrated USDT's 500 millionth user, calling it "likely the biggest financial inclusion achievement in history." As USDT adoption grows, TRON benefits directly since it processes a massive share of those transfers. More USDT users means more TRON transactions, which drives network revenue and reinforces the utility thesis.

There's also the wildcard of institutional interest. While TRON hasn't received the same level of Wall Street attention as Bitcoin or Ethereum, its dominance in stablecoin transfers and real-world payments makes it increasingly relevant to institutional allocators looking for blockchain infrastructure plays. Any major announcement around institutional adoption or new partnerships could shift sentiment quickly.

What Are the Risks Preventing TRX from Breaking Out?

Not everyone's convinced the breakout is imminent. Despite bullish on-chain metrics, TRX faces legitimate headwinds that could delay or derail a move higher. First, competition is intensifying. Ethereum, Solana, and emerging Layer-1 chains are all vying for stablecoin market share. New platforms like Plasma have already started chipping away at TRON's dominance, which dropped from 32% of total stablecoin market cap in July to 26% by September.

Regulatory uncertainty remains a constant threat. While TRON operates in a legally compliant manner, the broader crypto industry faces increasing scrutiny from global regulators. Any adverse regulatory actions, particularly around stablecoins or decentralized networks, could impact TRON's growth trajectory and dampen investor sentiment.

Technical risks also exist. While the descending channel support has held so far, a break below $0.29 would invalidate the bullish structure and open the door to deeper losses. The 200-day moving average sits near $0.301, acting as dynamic support. Losing that level would shift momentum decisively bearish and could trigger a cascade toward $0.25 or lower.

Market volatility is another factor. Crypto markets have a habit of whipsawing violently, and TRON isn't immune. Even with strong fundamentals, external shocks like a Bitcoin crash, macro crisis, or geopolitical event could drag TRX lower regardless of its network metrics.

Frequently Asked Questions About TRON Price and Network Activity

What caused TRON active addresses to surge to 6.23 million?

The surge to 6.23 million daily active addresses on October 27 reflects genuine network adoption driven by TRON's dominance in affordable USDT transfers. TRON handles 65% of global retail stablecoin transfers under $1,000, particularly in regions where US dollar access is limited, making it infrastructure rather than speculation.

Can TRX reach $1 by 2025?

Multiple price prediction models suggest TRX could reach $0.50–$0.73 by end of 2025, with $1 as a longer-term target by 2029-2030. Achieving $1 would require sustained network growth, continued institutional adoption, favorable crypto market conditions, and breakout above current resistance levels at $0.32–$0.37.

What is the significance of the 1.49 long/short ratio?

A 1.49 long/short ratio means 59.88% of futures positions are betting on upside, indicating bullish sentiment among traders. This dominant long bias typically emerges near the end of major corrections when market participants expect a relief rally, especially when combined with taker buy dominance showing aggressive accumulation.

Why is TRON price falling despite strong fundamentals?

The divergence between rising network activity and falling price stems from broader market consolidation and risk-off sentiment ahead of macro events. This creates a bullish divergence where intrinsic value outpaces market pricing, a pattern that historically precedes trend reversals once sentiment shifts.

What This Means for TRON and the Crypto Market

TRON sits at an inflection point. The network is firing on all cylinders with record activity, sustained user growth, and dominant market share in stablecoin infrastructure. Yet the price remains depressed, creating a rare opportunity where fundamentals and technicals are misaligned.

For traders, the setup is clear. A daily close above $0.3236 would confirm the reversal and open a path toward $0.35–$0.37 in the near term. The confluence of oversold RSI, descending channel support, and bullish futures positioning suggests the risk/reward favors the long side.

For investors, TRON's long-term thesis remains intact. The network isn't chasing hype or speculative trends. It's solving a real problem for millions of people who need fast, affordable access to dollar-denominated value. As global digital payments continue expanding and stablecoin adoption accelerates, TRON's infrastructure advantage becomes more valuable, not less.

The broader crypto market is watching to see if TRON can convert network strength into price momentum. If active addresses remain elevated and TRX breaks resistance, it could trigger a wave of momentum traders piling in. But if support fails and network activity fades, the bullish thesis weakens considerably.

Final Takeaway: TRON's 6.23 million active address surge creates a bullish divergence with price trading near $0.29, down 19% from August highs. Technical analysis shows TRX rebounding from descending channel support with RSI at 33.42, while futures data reveals 59.88% long positions and taker buy dominance, targeting $0.35–$0.37 above $0.3236 resistance.

About Spino: Spino delivers real-time crypto market intelligence and research for traders worldwide. For more analysis on TRON price action and network metrics, visit spino.io.

Sources: