• TRX has climbed by 6.02% on the charts over the past week
• Altcoin has been seeing market stability as the CAGR suggested potential market growth

Over the last 5 days, TRON [TRX] has made significant gains, with the altcoin climbing from $0.223 to $0.262. And yet, TRX has merely extended its month-long consolidation and remains stuck within a consolidation range between $0.22 and $0.27.

In fact, at the time of writing, TRX was trading at $0.255 following gains of 6.02% over the past week.

With TRX seeing five days of a sustained uptrends, crypto analysts have started talking. CryptoQuant’s Joao Wedson is one of them, with Wedson highlighting a potential upside, citing TRON’s CAGR (compound annual growth rate).

TRON’s CAGR hints at potential uptrend

In his analysis, Wedson observed that TRX may be on the rise as the intermediate CAGR seemed to hint at the potential for further growth on the charts.

According to the analyst, TRX climbed to an intermediate level of CAGR, with the same suggesting that TRX stabilized at a moderate pace, compared to its historically higher levels.

For instance in 2021, Tron’s CAGR climbed to extremely high levels,  driven by a period of strong appreciation and adoption.

At press time, TRX was at an intermediate level but based on the prevailing market conditions, the altcoin could return to higher growth levels in the near term. This growth will arise from more favorable market conditions and greater adoption.

For example, we can see this surge in adoption and favorable conditions as TRON’s Sunswap hit historical highs too.