Key Takeaways
What boosted TRON in September?
SunSwap Total Transaction topped 30,000, confirming strong network demand for stablecoin settlement and remittances.
Which metrics guided TRX traders toward $0.37?
Exchange outflows of $4.79 million and Futures Taker CVD showed bullish conviction, hinting TRX could challenge key resistance soon.
SunSwap’s Total Transaction Count surged above 30,000 in September, marking the highest level this year and reinforcing TRON’s [TRX] growing role in stablecoin settlement.
Transaction volumes consistently stayed above 15,000, highlighting strong usage and real demand despite market volatility.
This activity strengthened TRON’s case as more than a secondary platform, positioning it as a key settlement network.
Therefore, this consistent growth in network utility adds weight to TRON’s long-term fundamentals and investor confidence.
Can TRX price sustain strength above its ascending trendline?
At press time, TRX traded near $0.33, holding above its ascending trendline support. This structure acted as a reliable pivot during pullbacks, keeping the bullish setup intact.
By contrast, the DMI indicator flashed a bearish signal, hinting at a potential retest of support before another rebound. Resistance levels stood at $0.3526 and $0.3700, which must break for continuation toward $0.40.
Sustaining the trendline remains vital for TRX to maintain its upward trajectory amid near-term volatility.
Exchanges outflows reinforce bullish accumulation signals
TRX Spot Netflows recorded consistent outflows in September, including $4.79 million on the 29th of
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Author: Evans Boto
