Altcoins News
By Dan Saada
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TRX Market Cap and Weekly Price Action. The token's market cap sits near $30.5 billion, which puts it eighth among major cryptocurrencies.
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On-Chain Data: Addresses Up, Exchange Balances Down. The on-chain picture is where things get more interesting.
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The $0.31 Line That Could Change Everything. Here's where it gets binary. If TRX holds above $0.31, the technical case stays intact.
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TRX is holding near $0.32. That's it. That's the story — except it's actually a pretty big deal when you stack it against where everything else is sitting right now.
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Bitcoin is still more than 50% off its all-time high. Ethereum has dropped 67% from its peak. Solana is down 78%. And TRX? Just 25% below its record.
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Not a breakout yet. But the setup is there.
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On the daily chart, TRX has been moving inside a rising parallel channel since November 2025. It recently touched the lower boundary of that channel, which lines up with the 0.
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The on-chain picture is where things get more interesting. Active addresses on the Tron network climbed from 2 million in mid-2024 to over 3 million, per Glassnode metrics.
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And then there's the exchange balance data. TRX is moving off exchanges. The net position change is negative, meaning more tokens are leaving exchanges than arriving.
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See also: CoinRabbit Targets Bitcoin and Ethereum Holders With No-Credit Crypto Loans
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That shift matters. It's not just a chart pattern — it's behavior.
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Here's where it gets binary. If TRX holds above $0.31, the technical case stays intact. The ascending triangle on the weekly, the rising channel on the daily, the Fibonacci…
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But a break below $0.31? That flips the script. Momentum shifts back to sellers. The bullish structure breaks down. It's that clean a line, at least on paper.
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The 0.786 Fibonacci level near $0.35 is the next major resistance above current price. Between $0.32 and $0.
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Read also: On-Chain Signals Point to Whale Caution as Bitcoin Dips
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