Bitcoin News Today: TRON's TRX Surges 8.8% Amid Bullish On-Chain Momentum and Bitcoin Slump

TRON’s native token, TRX, has surged by 8.8% in recent trading sessions, rebounding from the $0.32 support level and showing strong bullish momentum. According to AMBCrypto, this rebound positions TRX to potentially surpass the $0.35 resistance level and approach a new all-time high in the near term [1]. This rally follows a broader trend where TRON has been setting new yearly highs since June 2025, supported by a strong bullish structure and favorable on-chain activity [2].

The altcoin’s performance has outpaced Bitcoin during a period of market correction, with TRX rising 8.85% since July 15, while Bitcoin fell by 3.5% over the same period. Additionally, Ethereum gained 15.38%, highlighting a stronger positive correlation between TRX and ETH (0.94) compared to TRX and BTC (0.74) [1]. On-chain metrics from IntoTheBlock indicate that TRX is showing signs of sustained buying pressure, with volume levels remaining above the 20-day moving average and the Chaikin Money Flow (CMF) staying above +0.05 [1].

The recent price action suggests a potential buying opportunity for investors, particularly as Bitcoin continues to face downward pressure. TRX’s 1-day chart shows a bullish structure following a break above a local high on July 29, with the price retracing to the $0.32 demand zone where it found support [1]. The Money Flow Index (MFI) has yet to show strong bearish signals, and given the current buying pressure, a further rally appears likely [1].

On the 4-hour chart, while momentum has slightly cooled as reflected by muted MFI readings, the 50-period moving average continues to act as support. This confluence with the $0.32 demand zone increases the likelihood of a bullish reaction over the weekend [1]. However, a drop below $0.32 would be an early sign of short-term bearishness, and swing traders are advised to monitor this level closely [1].

TRX’s recent performance is part of a broader bullish environment in the cryptocurrency market, with institutional demand and ETF inflows reaching record levels. Binance Research noted that the Fear & Greed Index has ended a 15-day greed streak, signaling a potential shift toward consolidation or cautious optimism [3]. Despite this, the market remains in a strong accumulation phase, with renewed interest in altcoins like TRX driven by positive technical and on-chain indicators.

The broader crypto ecosystem has also seen notable movements, including BNKR’s 9,400% surge from its monthly low after listing on Coinbase. These developments underscore a growing appetite for risk and a shift in sentiment among retail and institutional investors [4]. Meanwhile, a firm recently reported a 98% year-over-year increase in crypto trading revenue, reaching $160 million, reflecting increasing institutional adoption and confidence in the space [5].

While the near-term outlook for TRX remains positive, investors are advised to monitor for potential overextensions in sentiment, especially if the Fear & Greed Index begins to trend upward again. Additionally, key support and resistance levels should be closely watched to confirm the sustainability of the current rally.

TRX’s ability to maintain its bullish structure and continue gaining traction against Bitcoin and Ethereum could further reinforce its position as a top-performing altcoin in the current market cycle. However, traders must remain cautious and ensure proper risk management as the broader market navigates uncertainty and evolving macroeconomic conditions [1].

Sources:

[1] AMBCrypto, Analyzing TRON's 8.8% surge - TRX could hit new highs IF..., https://ambcrypto.com/analyzing-trons-8-8-surge-trx-could-hit-new-highs-if/

[2] Knowledia, Analyzing TRON's 8.8% surge – TRX could hit new highs ..., https://news.knowledia.com/US/en/articles/analyzing-tron-s-88-surge-trx-could-hit-new-highs-if-644517896a322c2eb8873f423420e6fd87aa06e6

[3] Crypto, Binance Research: Fear & Greed streak ends as ETF flows ..., https://crypto.news/binance-research-fear-greed-streak-ends-as-etf-flows-soar-retail-steps-back/

[4] Crypto, BNKR hits all-time high after Coinbase listing; bullish setup ..., https://crypto.news/bnkr-hits-all-time-high-after-coinbase-listing-bullish-setup-points-to-60-upside/

[5] MLQ.ai, Stocks, https://mlq.ai/news/