- TRX has recorded a price increase of 4% in the last 7 days.
- Large transactions on TRX surged to over 500 in the last trading session.
Last week, Tron (TRX) emerged as one of the few cryptocurrencies to gain value amid widespread market declines.
While most digital assets struggle to maintain their value, TRON and Solana (SOL) have shown upward momentum, with TRX posting a price increase of over 4%.
This rise highlights TRON’s solid position and that other assets are seeking support.
Massive increase in transactions on the TRON network
One of the major contributors to TRON’s recent positive trends is the increase in large-scale transactions on the network.
This surge reflects heightened confidence in TRX’s potential, indicating heightened activity from major investors or institutions.
According to data from IntoTheBlock, the number of actual TRX transactions reached 542 on October 25, a level not seen since August.
Large transactions are often associated with strategic accumulation or increased investor optimism. This means TRX is receiving significant attention even as the broader market faces challenges.
Source: IntoTheBlock
Strong technical indicators reflect positive sentiment.
From a technical perspective, TRON’s daily chart highlighted a strong upward trend, with the price consistently staying above both the 50-day and 200-day moving averages.
Additionally, the Relative Strength Index (RSI) is around 64. This trend indicates healthy positive momentum without entering overbought territory.
Source: TradingView
This balanced RSI level suggests that TRX’s price is not facing a significant decline due to overextension and still has potential room for growth.
Strong technical indicators appear to have bolstered investor confidence, boosting the upward trajectory, even as the market faces broader challenges.
Increase network value
TRON’s Network Value to Transactions (NVT) ratio also fluctuated noticeably. Fluctuations highlight changes in trading volume relative to market capitalization.
Typically, a lower NVT ratio indicates a better balance between asset value and network activity. This is often considered a bullish signal.
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The recent surge in TRX’s NVT ratio suggests that market participants are increasingly joining the network based on strategic interests.
As TRON maintains its growth momentum, these indicators highlight favorable trends and highlight positive performance during an overall down week.