Tron's open contracts have surged, and TRX is aiming for the key resistance at 0.3510 USD!

Tron (TRX) has recently shown strong momentum, with prices continuously rising since mid-March. As open interest (OI) and network activity surge simultaneously, market sentiment towards TRX has obviously warmed. Can TRX maintain its upward trend and break through key resistance? This article will analyze the latest on-chain data and technical signals.

The open contracts soar, with capital inflow driving the market

According to Coinglass data, the open interest of TRX has increased by over 6% in the past 24 hours, reaching $522.1 million, setting a new high. This indicates that funds are continuously flowing into the futures and options markets, with traders expecting TRX to rise further. The heat in the derivatives market reflects the proactive layout of major funds, providing strong support for the price of TRX.

The network indicators are impressive, and the user adoption rate continues to rise

TronScan data shows that the total locked value (TVL) of the TRX network has grown by 1.41% within 24 hours, reaching 27.14 billion USD, highlighting the increase in both user deposits and application adoption rates. The total number of accounts has exceeded 323 million, with a total transfer amount exceeding 20.28 trillion USD, and the average daily transfer amount of stablecoins last week reached 160 billion USD. These figures indicate that the Tron ecosystem is rapidly expanding, with solid underlying demand.

Technical Analysis: Bullish and Bearish Signals Intertwined, Short-term Volatility Intensifies

The daily chart of TRX shows a rebound of nearly 2% on Sunday, forming a morning star pattern, initiating a V-shaped recovery trend. It has continued to rise at the beginning of this week and is currently hovering around the $0.3385 mark. If it can break through this level, it is expected to challenge the previous week's high of $0.3510.

However, the RSI is diverging from the price trend line, breaking below the overbought zone, which releases potential sell signals. The MACD indicator remains horizontal, indicating increased volatility. If TRX retraces, it may retest the support at 0.3187 USD, erasing recent gains.

Conclusion

Tron demonstrates strong pumping potential thanks to the dual growth of unclosed contracts and network activity. However, technical indicators warn that short-term volatility risks still exist. Investors should closely monitor RSI and MACD signals, grasp key support and resistance levels, and flexibly adjust their strategies. Whether TRX can continue its strength still requires a combined effort from fundamentals and capital momentum.