TRX Approaches All-Time High as Network Activity Hits Record 2.6M Addresses
The post TRX Approaches All-Time High as Network Activity Hits Record 2.6M Addresses appeared on BitcoinEthereumNews.com.
Daily active addresses reach 2.6 million peak while TRX trades near $0.45 high 60% fee reduction approved by Super Representatives to boost adoption rates Analysts warn breakout depends on maintaining support above critical levels Tron’s native token TRX is approaching its all-time high of $0.45 as network activity reaches record levels with 2.6 million daily active addresses. CryptoOnChain analyst highlighted this surge in user participation as evidence of growing demand and network utilization that could support a breakout to new price records. The cryptocurrency currently trades around $0.33, positioning it within striking distance of historical resistance levels that have previously capped rallies. Network metrics show sustained growth in user engagement, creating fundamental support for potential price appreciation beyond previous peaks. Technical Setup Creates Make-or-Break Scenario Bullish Banter analyst argues TRX has followed institutional accumulation patterns, with breakout structure confirmed through successful support retests near $0.351. He identifies $0.37 as the next liquidity target while emphasizing that $0.3289 must hold as support for continued upward movement. An Coldly points to TRX’s position near the critical $0.45 all-time high level, describing it as a decisive moment for price discovery. He notes that successful breakout could trigger fresh price exploration, while failure might result in correction toward lower support zones. The widening gap between TRX’s current price and realized price indicates large unrealized gains that could prompt profit-taking activity. This technical backdrop creates both opportunity and risk as traders position for potential breakout attempts. Fee Reduction Strategy Targets Long-Term Growth Tron founder Justin Sun announced that Super Representatives approved a 60% network fee reduction effective August 26, 2025, marking the largest cut since blockchain launch. This decision prioritizes user accessibility over short-term revenue generation to drive adoption growth. The fee structure will be reviewed quarterly based on TRX price movements, network activity levels,…
Filed under: News - @ August 30, 2025 4:26 am