TRX Price Could Hit $1 as Tron Network Activity Surges to 2-Month High, Analysts Say

Highlights:

• TRON aims for a $1 target, supported by strong market momentum and bullish sentiment.
• Network activity spikes as TRON hits a two-month high with 2.94 million addresses.
• 93% of TRX holders are in profit, which reflects strong investor confidence and market stability.

Analyst Crypto Patel shared insights on X, highlighting TRON’s strong momentum and the possibility of reaching a $1 price target. The analyst’s price chart shows strong support at $0.140. A hold above this level may keep the bullish trend intact.

The analyst said if the price reaches between $0.160 and $0.180, it will be the ideal ‘buy zone’ for investors. The current price remains well above this support range, while continued demand could drive new highs. TRX’s price rose by 1% at the time of writing, trading at $0.2458. The broader crypto market’s recovery is fueling optimism for TRON. 

$TRX hit our 200% target as predicted but Forgot to share Profit Update here 🚀
#TRON is showing strong momentum, and I still believe $1 is possible this bull run!

Best buy zone: $0.180 – $0.160 (if we get it).

Who’s holding TRX to $1?

RT & Like if you’re bullish! 🔄 https://t.co/b5C1ZQxPrg pic.twitter.com/zpxn7ltrGO

— Crypto Patel (@CryptoPatel) March 5, 2025

Additionally, in a March 3 X post, crypto analyst Ali Martinez highlights $0.17 as key support. He says if bulls hold this level, they will control the trend. Martinez also highlights a consolidation phase within a parallel channel. A breakout above $0.26 could pave the way for the next bullish surge, he added.

#TRON $TRX continues to hold strong above its key support level at $0.17. As long as this level holds, the bulls remain in control! pic.twitter.com/6zkimvBNBZ

— Ali (@ali_charts) March 3, 2025

TRON’s Network Activity Hits Two-Month High with 2.94M Active Addresses

Meanwhile, TRON’s network activity saw a significant surge, hitting a two-month high as of March 4. Ali Martinez reported that the network recently recorded 2.94 million active addresses. This increase shows growing market interest in the Justin Sun-led project.

#TRON network activity is heating up, reaching a two-month high of 2.94 million active addresses! pic.twitter.com/0fig0QFfoa

— Ali (@ali_charts) March 6, 2025

Recent pro-crypto developments in the U.S. have further strengthened market confidence. The crypto community speculates that former President Donald Trump’s digital asset strategy could add TRON. While TRON founder Justin Sun has hinted at this possibility, no official confirmation has been made. On March 2, Trump revealed plans for a strategic cryptocurrency reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano. 

Market participants are closely monitoring whether TRON could be added to this list. Justin Sun’s recent social media post, “TRON to the SUN,” has sparked excitement among TRON supporters. This comes amid signs of recovery in the broader crypto market.

TRON to the SUN 🌞

— H.E. Justin Sun 🍌 (@justinsuntron) March 5, 2025

TRON Leads Stablecoin Transfers

This spike in user activity aligns with TRON’s increasing dominance in stablecoin transfers. Recent data from cryptoQuant shows that the network handled $11.4 billion in USDT (TRC-20) transactions, with $1.83 billion moving to major centralized exchanges. With 1.89 million total transactions, TRON has become a preferred network for stablecoin transfers, benefiting from its speed and low fees. 

Moreover, on-chain data highlights strong holder positioning. According to IntoTheBlock, 93% of TRX holders are in profit, while only 4% are at a loss. It highlights that most investors bought TRX at lower prices, so they are less likely to sell. Large holders control around 79% of TRX’s total supply. This concentration helps stability, but risks arise if big holders sell.

Moreover, exchange netflows show $114.29 million outflows. This bullish sign shows Investors are moving TRX from exchanges to private wallets.