TRON Hits 385M Daily Tx but 60% of Traders Still Yell "Bearish" Into the Void 🐻

TRON's on-chain activity climbed to fresh record levels as daily active accounts reached 26.97 million and daily transactions hit 385.77 million, figures that pointed to sustained network participation rather than a temporary spike. The simultaneous rise in both active addresses and transaction volume marked a new phase of ecosystem expansion, with decentralized applications and stablecoin transfers continuing to draw consistent engagement across the blockchain.

The network milestones, however, did not translate into a bullish shift in derivatives positioning. Binance's top trader Long/Short Ratio stood at 0.66, with only 39.77% of accounts holding long positions while 60.23% favored shorts. The reading indicated that professional traders had not aligned with the improving on-chain metrics and remained in a defensive posture even after TRON logged record activity. The ratio also stayed above its lowest monthly readings, suggesting that bearish conviction had eased slightly compared with earlier sessions, though sellers still controlled positioning across the exchange.

TRX traded near a key support zone around $0.314, with immediate resistance close to $0.332 and stronger overhead resistance near $0.376. Price had previously rejected the higher level before retracing toward support, signaling that buyers lost momentum following the prior rally. Technical indicators reinforced the cautious backdrop, as the Relative Strength Index weakened to 38.70, falling below the neutral 50 mark and reflecting fading buying pressure. The Parabolic SAR continued printing dots above price, confirming that sellers retained short-term control through the recent decline, though TRX continued to defend the lower support rather than break beneath it.

The combination of record on-chain usage and bearish derivatives positioning left TRON's near-term direction dependent on shifts in trader sentiment. If long exposure increases and buyers maintain the $0.314 support zone, TRX could attempt a move toward the $0.332 resistance before testing higher levels. Until derivatives positioning weakens meaningfully, the gap between improving fundamentals and cautious market sentiment is likely to persist.