TRON network growth reaches 2M users amid price stagnation
Tron (CRYPTO:TRX) crypto has experienced significant network growth in January 2025, with user numbers surpassing 2 million.
Despite this surge in activity, the price of TRX has remained relatively stagnant, fluctuating within a narrow range of $0.22 to $0.27.
This sideways movement follows a dramatic 180% increase in December 2024, when TRX peaked at $0.44.
However, a holiday sell-off led to a substantial decline in value, and as of now, there has been no solid recovery.
Technical indicators suggest that TRX may continue to trade sideways in the short term, particularly with the upcoming FOMC meeting creating cautious market sentiment.
The Chaikin Money Flow (CMF) readings indicate low capital inflows, while the relative strength index (RSI) remains flat, reflecting muted demand for TRX.
The price levels of $0.22 and $0.27 are currently critical for both buyers and sellers as they navigate this consolidation phase.
On a positive note, network fundamentals show encouraging signs.
Analyst DarkFost from CryptoQuant noted that Tron recorded a staggering $3.6 trillion in transfers on January 15, further emphasising its robust network growth.
“Currently, confidence in TRON’s growth appears well-founded, as the number of active addresses on TRON continues to increase steadily,” he stated.
This uptick in user engagement is attributed to the launch of Tron's high-yield stablecoin USDD 2.0.
While the short-term price outlook remains uncertain, the liquidity levels between $0.22 and $0.26 suggest potential volatility ahead.
As market conditions evolve, both traders and investors will be closely monitoring these developments for any signs of upward momentum or further consolidation.
At the time of reporting, the TRON (TRX) price was $0.2579.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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