- Buy pressure remains strong without triggering historical reversal signals.
- TRON’s transaction count is nearly 10 million, reflecting increased adoption.
Tron (TRX) has shown strong performance over the past month, with its price climbing consistently in May. The cryptocurrency traded above $0.280 before a slight pullback, maintaining a 9.99% monthly gain.
At the time of writing, Tron (TRX) is trading at $0.2700, reflecting a 9.99% gain over the past month.
On-chain activity has surged, with daily transactions nearly doubling since February. Meanwhile, regulatory attention has increased following the SEC’s acknowledgment of a staked Tron ETF application.
Bullish Momentum Holds Despite Historical Indicators
TRX continues to show strong bullish momentum, according to analyst João Wedson via CryptoQuant. A key chart tracks the 90-day Buy/Sell Pressure Delta, a metric often associated with trend reversals when it nears peak levels.
In this case, despite the delta approaching zones where price peaks previously occurred, TRX remains stable. The white line in the chart reflects TRX’s price trajectory, which has steadily risen since mid-2023.
Wedson noted that the delta’s rise signals growing market confidence rather than indicating a sell-off. He explained that, historically, such a pattern might suggest an approaching price top.
However, current behavior deviates from this trend. TRX is currently holding around $0.13, with the buy pressure sustaining the price rather than reversing it.
Transaction Volume Nearly Doubles in Three Months
TRON’s daily transaction volume has seen a sharp rise, according to CryptoQuant data. From early February to mid-May 2025, the 30-day moving average of daily transactions rose from 4.3 million to 8.4 million.
This 95% increase points to growing user engagement and expanding adoption of TRON-based services and decentralized applications (dApps).
The bar graph tracking transaction count in purple and its 30-day average in white shows a consistent upward trend.
Growth began in March and continued through April and May, with current volumes nearing 10 million daily. This increase highlights TRON’s ability to scale and maintain high throughput across its network.
SEC Reviews Staked Tron ETF Filing from Canary Capital
The U.S. Securities and Exchange Commission (SEC) has acknowledged the receipt of a staked Tron ETF application. Filed in April by Canary Capital, the fund aims to provide exposure to TRX through share issuance and staking.
The Form S-1 registration outlines plans to generate returns by staking a portion of the TRX held in the fund.
Canary Capital is listed as the sponsor, with CSC Delaware Trust Company as trustee and Bitgo Trust Company as custodian. The fund will not grant shareholders voting rights or serve as collateral. Depending on the expenses involved, operational costs are divided between the sponsor and the trust.
The SEC’s acknowledgment is early in the review process and reflects growing institutional interest in staking-based crypto products. While no decision has been made, the filing underscores TRON’s relevance in the evolving crypto investment landscape.
