TRX Price is Fixin’ to Breakout Big Time 🚀

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The sun was setting over the crypto market, casting a warm glow over the TRX price. It had been a long and arduous journey since April 2025, but the token had shown a resilience that would put even the most seasoned traders to shame. While the global market was busy imploding, TRX was quietly outperforming its peers, a testament to its underlying strength.

But what was behind this remarkable run? Some said it was the bullish sentiment building around the acquisition of SRM Entertainment via reverse merger. Others claimed it was the high on-chain revenue and technical strength that was driving the price up. Whatever the reason, one thing was clear: TRX was on the cusp of something big.

The token had entered a transformative phase, one that would change the game for both traders and long-term investors. It was a time of great optimism, and the TRX price was reflecting that.

TRX Price: The Fundamentals are Strong, the Optimism is Real

Analysts were quick to point out that the TRX price had been in a consistent uptrend since April, navigating the choppy waters of May and June with ease. Even the U.S.-Israel-Iran conflict couldn’t bring it down, a testament to its underlying strength.

And then, like a shot of adrenaline straight to the heart, the announcement of a ceasefire brought renewed momentum to the entire sector. TRX, along with its friends XRP, ADA, and others, continued to push higher, leaving the competition in the dust.

But the real catalyst was Justin Sun’s acquisition of SRM Entertainment, a move that marked a significant step in TRON’s strategy to blur the lines between Web3 innovation and Wall Street’s traditional financial infrastructure. It was a bold move, and one that would pay off in the long run.

The market responded swiftly, with SRM stock surging over 40% from $7.50 to $10.50, while TRX price gained nearly 5% in a single session. It was a good day to be a TRX holder, that’s for sure.

On-Chain Strength: The Revenue is Rolling In

But beyond the headlines, the on-chain data told a story of its own. Research on CryptoQuant revealed that TRON was generating an average of $2 million in daily revenue, entirely through network fees alone. It was a staggering figure, one that put TRX in the top tier of profitable blockchains.

And it wasn’t just the revenue that was impressive. Daily transaction counts had soared beyond 9 million, with the 100-day moving average of transactions nearing all-time highs. It was a sign of sustained user engagement, and a testament to the network’s growing utility and demand.

These consistent activity levels, paired with bullish technical patterns, hinted at a major movement on the horizon. It was a time of great excitement, and TRX holders were eagerly awaiting the next big thing.

Institutional Interest and Technical Setup Align for TRX Price Growth

The scale of capital flowing into TRX was a sign of broader institutional interest. Data from Defi_Zee showed that WLFI had acquired 40.71 million TRX, investing $9.83 million at an average price of $0.242, and was now sitting on a 25% unrealized profit. Not bad for a day’s work.

And then there was TRON Inc. (formerly SRM), which had purchased 365 million TRX, investing $100 million at $0.274, and was already up 10%. It was a sign of confidence in the network, and a testament to its growing strength.

Technically, the TRX price was aimed at testing the $0.32 resistance, forming an ascending triangle on the weekly chart. According to CryptoQuant’s technical insights, this structure increased the probability of a breakout, and could potentially turn its ATH in a single spike, last seen in Q4 2024. 🚀

But, as always, there was a warning. Analysts cautioned that traders should remain wary of potential fake-outs or short-term pullbacks before a sustained upward move materialized. It was a reminder that the crypto market was a wild ride, full of twists and turns. Buckle up, folks! 🎢

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2025-07-17 12:57