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TRON Futures Market Analysis Indicates Potential for Further Price Gains
TRON's price has decreased by 1.76% to $0.355 after a recent rally that peaked above $0.365. This consolidation follows increased transaction activity and analyst interest.
Futures Market Indicators
- Kesmeci from CryptoQuant indicates the TRX futures market is neutral, suggesting potential for further price increases.
- The TRON Futures Volume Bubble Map shows no signs of speculative saturation, indicating room for growth.
- Current movements are likely supported by genuine buying interest rather than excessive leverage.
- A shift in trading volume or open interest may increase pullback risks.
On-Chain Data Insights
- On July 19, over 3.426 billion TRX (valued at $1.11 billion) were transferred in one day, primarily linked to large wallet operations.
- Significant transfers between two addresses accounted for 36% of total value, indicative of exchange-related activities.
- Despite high transfer volumes, ownership of wallet addresses remains unverified.
- Increased transactions per second (TPS) signal ongoing network expansion but should not be confused with organic adoption growth.

