Will the price of TRX increase along with the level of acceptance of the TRON network?

In the past 6 months, the TRON network (TRX) has recorded a steady increase in daily transaction volume — a sign that the level of usage and acceptance of this network is significantly increasing compared to six months ago.

! Source: CryptoQuant InsightsAccording to an analysis shared on CryptoQuant Insights, on-chain analyst CryptoOnchain said that from the beginning of 2025 to the end of May, the average number of transactions per day on TRON ranges from 6 to 9 million.

Notably, according to data from Token Terminal, transaction fees on TRON are currently comparable to Bitcoin — an impressive figure — but significantly higher than those on Solana. Nevertheless, in terms of transaction volume, Solana still easily surpasses TRON, reflecting the fierce competition among the leading blockchain networks.

Source: DeFiLlamaAccording to data from DeFiLlama, the total value locked (TVL) on the TRON network has been on a downward trend since December 2024. Despite a spike in mid-May, the TVL has quickly turned to decrease in the past 24 hours.

In contrast to this declining trend, the indicators related to network usage show mixed signals. Meanwhile, the price of TRX has remained stagnant over the past two weeks, lacking both a clear trend and the momentum to break out.

How will widespread acceptance of TRON affect the price of TRX?

TRX/USDT | Source: TradingViewOn the daily timeframe, the upward momentum of TRX has weakened, shifting from a bullish trend to a neutral state. The current situation shows both similarities and differences compared to the early May period when the price of TRX consolidated around the resistance zone of $0.25 before making a strong breakout.

The resistance zone of $0.25 is the average level of the accumulation range. When TRX surpassed this zone, the price quickly advanced to test the peak of the range, accompanied by a new consolidation phase that has lasted throughout the last two weeks.

However, unlike the previous breakout — when the Chaikin Money Flow (CMF) indicator surpassed the +0.05 threshold indicating strong inflow of funds, currently the CMF is on a downward trend and has reached -0.08. Thus, selling pressure is significantly increasing, with capital showing signs of exiting the market.

At the same time, the accumulation/distribution indicator (A/D) has also been continuously declining over the past two weeks, further reinforcing the view that selling pressure is dominant.

However, there is still one potential supporting factor: if Bitcoin can recover and regain its upward momentum, this could create a spillover effect, helping the TRX bulls push the price above the $0.28 area and turn it into a new support level. In a positive scenario, the next retracement around the $0.3 mark could very well be the next destination.

Dinh Dinh