TRON Defies Market Slowdown with Strong Network Activity and Treasury Accumulation

4 hour ago 2 sources positive

Key takeaways:

  • TRON's treasury accumulation signals strong internal conviction, potentially offsetting broader market weakness.
  • A break above $0.308 resistance is critical for TRX to target its $0.45 Fibonacci objective.
  • Sustained user growth and TVL above $4 billion provide fundamental support for the current consolidation.

Despite a broader market slowdown, the TRON (TRX) network is demonstrating notable resilience in both on-chain activity and price structure. According to recent data, total daily active users across major tracked blockchains declined by 4.9% to 26.45 million, reflecting a cautious market sentiment. However, TRON stood out by recording 3.4 million daily active users, a 0.4% increase over 30 days, placing it second only to BNB Chain. This activity level approaches highs last seen in 2025 when TRX traded near $0.37.

In a significant development, Tron Inc., the entity behind the TRON network, acquired an additional 175,449 TRX at an average price of $0.28. This purchase raises the company's total treasury holdings to over 682.8 million tokens, a move that adds transparency and is framed as a long-term value strategy. TRON founder Justin Sun publicly urged investors to continue buying and holding TRX following the treasury expansion announcement.

From a technical perspective, TRX is consolidating between key support at $0.27 and resistance near $0.30. The price is currently at $0.28461, holding above crucial weekly support and Fibonacci retracement levels. Analysts note that a decisive break above the 200-day moving average around $0.308 could open a path toward a long-term Fibonacci target of $0.45, representing a potential 58% gain from current levels. Supporting this outlook, TRON's Total Value Locked (TVL) recently surpassed $4 billion, signaling strong liquidity and user engagement within its ecosystem.

Sources
Justin Sun Urges TRX Hold as TRON Price Consolidates
thecoinrepublic.com 23.02.2026 15:25
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