- TRON (TRX) briefly broke above a key resistance level but retraced due to Bitcoin’s decline, now testing crucial support at $0.267.
- Despite short-term volatility, strong Sharpe Ratio readings and rising daily active addresses suggest TRX’s bullish trend remains intact.
TRX Bulls Stay Hopeful as Key Support Faces Test
TRON (TRX) is holding on to its bullish structure despite facing short-term volatility. After briefly soaring past the five-month range high at $0.274 earlier this week, TRX experienced a pullback triggered by Bitcoin’s dip. However, signs still point to a potential rebound—if buyers can hold crucial support levels.
TRX Breakout Falters but Long-Term Momentum Intact
TRON had recently broken out of a prolonged consolidation range, sparked by Bitcoin’s push toward $110K. That rally pushed TRX beyond $0.274—a significant resistance level. But when Bitcoin retraced to $103.8K, TRX followed suit and slipped back into its previous range.
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Currently, TRX is testing the support zone near $0.267. Market watchers are closely monitoring this level, as its defense could reaffirm TRX’s bullish structure and allow for another upward move. The Chaikin Money Flow (CMF), which had previously shown strong inflows at +0.08, has now dropped below zero due to the broader market correction, reflecting weaker short-term buying pressure.
Sharpe Ratio Suggests TRX Still Has Room to Run
Despite the pullback, on-chain metrics continue to lean optimistic. According to CryptoQuant analyst Burak Kesmeci, TRX’s Sharpe Ratio currently sits at 8.36—a strong signal that the market is in a bullish phase without being overbought. Historically, values above 1.00 indicate a healthy risk-reward balance, and anything above 40 signals excessive froth. With the metric rebounding above 1.00 as of June 11, TRX remains in positive territory.
Daily Activity Shows Underlying Strength
IntoTheBlock data reveals a slow but steady climb in daily active addresses since early 2024, with recent figures consistently hovering between 200k and 250k. This signals ongoing network growth and user adoption, even amidst price fluctuations. The spike in activity on June 6th, followed by a reset, suggests increasing but volatile participation.
All Eyes on $0.267 Support
While short-term market sentiment remains shaky due to Bitcoin’s retreat, TRON’s core metrics and user activity reflect resilience. If TRX maintains the $0.267 support zone, bulls could regain control and aim for another breakout beyond $0.274. Until then, TRON holders are cautiously optimistic.
Key Takeaways:
- TRX briefly broke out above $0.274 before retracing with Bitcoin’s drop.
- Sharpe Ratio at 8.36 shows bullish conditions without overheating.
- Daily active addresses continue to trend higher in 2025, indicating adoption.