TRON (TRX) is experiencing a rise in price amidst overall gains in the crypto market, currently trading above $0.27 with a 1.2% increase in the past 24 hours.
On-chain data indicates increased user engagement on the TRON network, with daily active addresses reaching all-time highs based on the 50-day and 100-day moving averages.
The surge in network activity may support TRX's current momentum, as historically, spikes in daily active addresses have preceded upward price movements.
Analysts suggest that tracking SunPump token activity can provide insights into TRON's price dynamics, where intense token creation periods may indicate short-term tops in TRX price, while more stable growth aligns with healthier rallies.