TRON Surpasses 402M Accounts, Price Action at $0.337 Key for Next Move

The total number of accounts in the TRON [TRX] ecosystem has surpassed 402 million. The social media handle of the TRON explorer, TRONSCAN, also showed an average of 4.4 million daily active addresses over the past thirty days.

It was an impressive showing from the chain that is regarded as one of the leading global stablecoin settlement layers. According to Token Terminal data, the network has $92.3 billion in USDT, close to 50% of Tether’s total market cap.

AMBCrypto reported that the stablecoin market cap growth on TRON had outpaced the growth on every other chain. Moreover, compared QoQ, unique smart contract deployers have also grown since Proposal #104 reduced deployment costs by 60%.

The weekly chart of TRON showed the altcoin was in a healthy uptrend. While the crypto market suffered a serious setback after October 2025, when Bitcoin made an all-time high before plunging back below $100k, TRX only faced a 27.49% reset from August 2025 to February 2026.

However, the swing structure has not seen a bullish continuation since then. The $0.37 swing high from August has not been breached yet, with only a wick up to $0.3775 in May to show for the bullish efforts.

A set of Fibonacci retracement levels (orange) was plotted using these levels. The 61.8% retracement level at $0.31 was tested in June and saw a positive reaction.

In the coming weeks, the $0.2917-$0.3100 are the key support level to watch. Meanwhile, a price drop below $0.268 would signal a bearish weekly structure shift.

The RSI has remained above the neutral 50 since March, and the OBV has also been slowly trending higher. The more likely scenario remains a bullish continuation on the higher timeframes, especially after the apparent BTC recovery of the past three weeks.

Since July, TRX has been trending higher, but towards the end of August, this move was fully retraced. The retest of the $0.321 support and the subsequent price bounce indicated a potential bearish momentum shift.

The RSI tested the neutral 50 level from below, while the OBV was below the local highs too. Technically, the bullish structure since July has not been broken, but the bears do have an advantage right now.

In the short-term, the $0.335-$0.337 area is a key resistance to watch. A recovery above this level would indicate a potential TRON bullish continuation.

On the other hand, rejection from this area would signal that TRX bears might take prices back to $0.321 or lower.

• The on-chain metrics for TRON signaled strong adoption and usage.
• The higher timeframe price chart also showed relative strength, but there is some short-term selling pressure on TRX.