Tron Surges 35% in 8 Weeks, Eyes $0.45 as Network Activity Hits Record
Tron (TRX) is still going strong, trading at $0.359 on Friday after an 8 week 35% run. The run topped out at $0.37 on Thursday.

Quick overview
- Tron (TRX) is currently trading at $0.359 after an 8-week surge of 35%, with a recent peak at $0.37.
- Open interest in Tron futures has reached an all-time high of $610.47M, indicating new capital entering the market.
- On-chain metrics show strong growth, with total transactions exceeding 11.1 billion and daily peaks reaching 10 million.
- Technical indicators suggest TRX could test a high of $0.45, but traders should be cautious of potential corrections.
Tron (TRX) is still going strong, trading at $0.359 on Friday after an 8 week 35% run. The run topped out at $0.37 on Thursday. On-chain activity and technicals look good for more upside, possibly all the way to $0.45.
Latest data from CoinGlass shows open interest in Tron futures has hit an all time high of $610.47M, more than double since early July. Open interest rising often means new capital is entering the market and reinforcing the current trend.
On-Chain Growth Signals Strength
Tron’s on-chain metrics are looking good too. CryptoQuant reports total transactions have surpassed 11.1B, with daily averages of 7-9M and peaks of 10M. That’s a big jump from early 2024 activity, meaning more users and more blockchain usage.
Key growth indicators:
- Transactions: 11.1B total, daily peaks at 10M
- Open Interest: $610.47M, all time high
- Price Performance: +35% since mid-June
This is a network growth trend that often precedes big price moves in the crypto market.
Price Outlook and Key Levels
TRX is trading at $0.35 right now, consolidating after Thursday’s high. Technicals are still bullish: RSI is at 73, overbought and MACD has a bullish crossover with expanding green bars.
If the momentum continues TRX could test the December 4, 2024 high of $0.45. But traders should watch out for corrections – if it can’t hold here it will test $0.34.
Market analysts say sustained open interest growth and high transaction volume is good for more upside, but overbought means short term volatility will increase.
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