TRON: Price still unresponsive despite 174% surge in DEX volume

TRON's on-chain metrics exploded over the month of October, yet the token price (TRX) has not broken out of its sideways trend. On the 2nd (local time), AMBCrypto reported that TRON's decentralized exchange (DEX) trading volume surged 174% to $3.04 billion, active addresses numbered 87.7 million, and monthly transactions totaled 304 million.

These figures increased by 13.4% and 9.1% from the previous month, respectively, indicating an overall expansion in actual network usage rather than purely speculative trading. TRON recently also introduced a new integrated feature that shortens the onboarding (registration) process, greatly improving user convenience.

In a recent press release, the TRON Foundation said that integration with the web3 onboarding platform Halliday "reduced the wallet creation and token transfer procedures that previously took more than 30 minutes to within 60 seconds." Halliday CEO Griffin Dunaif said, "Crypto payments must have Web2-level speed and simplicity," adding, "this integration is an opportunity to lower the entry barrier to the TRON ecosystem."

TRON also said that through the activities of the global coalition 'T3 Financial Crime Unit', formed together with Tether (USDT) and TRM Labs, it froze illegal assets worth $300 million across 23 countries over the past year. This is seen as contributing to strengthening the network's credibility and security image.

However, the price movement has fallen short of expectations. According to TradingView data, TRX is stagnant around $0.29, the on-balance volume (OBV) is showing a downtrend, and the relative strength index (RSI) remains near the oversold area. Analysts say that a lack of short-term buying pressure means there is no clear signal of an upward reversal.

Technical analysts said, "The $0.29–$0.30 range is acting as a short-term resistance, and if it fails to break through, the current range is likely to remain in a consolidation phase," adding, "for a short-term rebound, inflows of new buying and expansion of trading volume are essential."