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.

TRON Futures Volume Bubble Map.
TRON transfer history