TRON’s TRX Near $0.32 as Exchange Outflows Rise

TRON’s native token TRX traded near $0.32, roughly 25% below its $0.43 all-time high from December 2024. The token’s market capitalization is about $30.5 billion, putting it eighth by market value. TRX has moved little in recent days, slipping under 4% over the past 24 hours and under 4% across the past week.

Compared with other major tokens, TRX has a smaller drawdown from its peak. Bitcoin is about 51% below its record near $126,000, Ethereum is about 67% below its high, and Solana is roughly 78% down.

On weekly charts, TRX trades inside an ascending triangle. Horizontal resistance sits near $0.365 while a rising trendline that began in mid-July 2024 has acted as support. A chart projection places a possible resolution of the pattern around mid-August 2026. A clear break above $0.365 would open space toward the $0.45 area and a retest of the $0.43 high.

On daily charts, TRX has moved inside a rising parallel channel since November 2025. Price recently tested the lower channel band and the 0.5 Fibonacci retracement near $0.32, which now serves as a support reference. The next support level is near the 0.382 Fibonacci at about $0.31. Resistance appears at the 0.786 Fibonacci near $0.35 and near $0.37 above the recent high. The Relative Strength Index has declined to a long-term support trendline and sits close to bearish territory.

On-chain metrics from Glassnode show rising network activity and net outflows from exchanges. Active addresses on the TRON network increased from a baseline near 2 million in mid-2024 to above 3 million, with one-off spikes above 4 million and 5 million during 2025. After a dip in April 2026, active addresses returned to the 3 million range. The recent price pullback did not coincide with a sustained drop in active addresses.

Exchange net position change has turned negative in recent weeks across major exchanges, indicating net outflows of TRX. The largest recorded inflow spike occurred around the December 2024 high, when on-chain flows showed larger deposits to exchanges. Recent readings show coins leaving exchange custody, which reduces exchange balances available for immediate selling.

Key price levels to observe include support near $0.31, immediate resistance near $0.365, secondary resistance around $0.37 and $0.45, and the $0.43 December 2024 high as the reference peak. The weekly and daily chart patterns and the on-chain metrics provide the data points used to track potential price developments.