TRON (TRX) Poises for Bullish Surge as Blockchain Adoption and Network Activity Surge

TRON (TRX) poses a bullish surge as blockchain adoption and network activity surge. The TRX blockchain network is set for a bullish trend, driven by significant milestones and notable expansion. TRONSCAN recently affirmed that the total number of addresses for the coin has exceeded 240 million, underscoring its increasing usage and popularity.

🎉🎉🎉Congratulations!!! #TRON’s total accounts have reached 245,180,647, exceeding 245 million! #TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web.

🥰Appreciation to all #TRONICS! pic.twitter.com/9v1CmxvGLX

— TRONSCAN (@TRONSCAN_ORG) July 20, 2024

This milestone, along with robust network activity, reflects a positive outlook for TRON. The network has continued to have many daily active addresses and a spike in daily transactions during July. Furthermore, TRON continues to perform well in the DeFi arena, as seen by its rising Total Value Locked (TVL). These factors collectively indicate bullish momentum for TRX, showcasing its expanding ecosystem and growing influence in the blockchain space.

Key TRON Levels To Watch – July 22

The steady rising trend and the creation of higher highs and higher lows suggest that the TRX/USD pair is now bullish. Lately, a bullish break of structure (BOS) in the price has indicated significant buying activity.
 
With the signal line above the MACD line, the MACD (Moving Average Convergence Divergence) indicator displays bullish momentum. The subsequent noteworthy resistance level to monitor is $0.14520, which, should it be breached, may result in more advances in the direction of $0.17000.

TRON Key Levels

Resistance Levels: $0.14220, $0.14520, $0.17000 
Support Levels: $0.10480, $0.09000, $0.07730

TRX Metrics

Total Market Capitalization: $2.44T
TRON Market Capitalization: $11.62B
TRON Volume: $386.05M
Market Rank: #12

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