What to know:
- TRX price reclaimed key seven-day and 90-day VWAP levels, signaling renewed buyer strength.
- TRON is targeting $0.3541 as bullish momentum builds above the previous resistance zone.
- TRON recorded a new 439 TPS throughput milestone, marking a 3.8% improvement from its prior record.
TRON (TRX) is showing renewed strength after reclaiming key technical levels, signaling improving buyer confidence for the TRON price. Bitcoin’s broader market direction could influence further upside, while TRON’s latest network performance milestone highlights stronger scalability and efficiency, potentially supporting adoption across payments, stablecoins, and DeFi.
At the time of writing, TRX is trading at $0.3322 with a 24-hour trading volume of $352.84 million and a market capitalization of $31.53 billion. Despite the signs of stability over the last 24 hours, the TRX price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: TRX Price Eyes $0.334 Breakout as Ascending Triangle Signals Reversal
TRX Price Eyes $0.3541 After Key VWAP Reclaim
According to the crypto analyst JNVCK CRYPTO, TRON (TRX) is showing renewed strength after reclaiming its seven-day and 90-day volume-weighted average price (VWAP) levels.
The TRON price is also holding above a previous resistance zone, which could now act as support. This technical shift suggests buyers are regaining control and potentially establishing a stronger foundation for another upward move in the near term.
Source: JNVCK CRYPTO’s X Post
The next big catalyst for the TRON price can stem from the performance of the BTC price and market sentiment.
If BTC manages to not face a strong rejection and holds on to its present formation, there are chances that TRX may start building momentum and move higher. This may help TRX move higher towards the $0.3541 target level.
TRON Sets New 439 TPS Throughput Record
The data from Chainspect further highlighted that the blockchain has made yet another accomplishment in terms of its network performance, with 439 transactions per second (TPS) being completed during 100 sequential blocks.
This is a 3.8% growth from the previous highest TPS value set by TRON only one week before. The fast-paced development clearly demonstrates the company’s efforts to improve scalability and accommodate increasing on-chain operations.
Source: Chainspect’s X Post
This recent achievement could bolster the position of TRON as one of the high-throughput blockchains, especially when it comes to stablecoin transactions, payment solutions, DeFi solutions, and other kinds of transaction-heavy solutions.
The fact that TRON managed to maintain this level of transactions per second throughout several blocks is important as it indicates sustainable capacity.
What Happens Next?
However, the TRON price has the potential for more gains if buyers protect the recovered VWAP levels, and BTC continues to provide a market structure that is friendly.
A continuous breakout above the nearby resistance could create the way to $0.3541, while rejection could initiate a support test. Additionally, increased throughput and increased network activity could improve TRON’s prospects.
Also Read: TRX Price Eyes $0.34 After Triangle Breakout as TRX Treasury Holdings Surge
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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