TRON (TRX) logged a single-day record of 13.11 million transactions in May, raising the question of whether the altcoin can clear its trend channel.

TRON Activity Sets Monthly Record

The network processed more than 13.11 million transactions in a single day this month.

Daily averages have held above 10 million, with only minor dips below that mark.

Stablecoin flows and retail payment activity are driving the surge, with institutional users also expanding their footprint on the chain.

Justin Sun, the network's founder, has pointed to that mix in recent public remarks.

The TRON Network briefly topped Hyperliquid in 24-hour fee revenue, generating roughly $1.30 million against Hyperliquid's $1.20 million, per Artemis figures. Ethereum (ETH) and Solana (SOL) trailed slightly behind in the same window.

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TRX Price Tests Trend Channel

TRX traded with a market cap above $33 billion at press time, posting a gain of more than 33% over the past year. The altcoin is consolidating inside a falling trend channel on the charts.

A similar setup propelled TRX from $0.32 to a year-to-date high of $0.36 after a breakout on May 1, with current resistance running from that peak.

The Bull Bear Power indicator has flipped green, the same signal that preceded the earlier move.

On-Balance Volume sits at 15.55 billion and has flattened after climbing earlier in May. The reading suggests buying continues even if momentum has cooled.

Analysts say an upside break is the most likely outcome based on the prior pattern, though a failure at resistance would extend the channel. A breakdown could send TRX toward the 50% Fibonacci retracement near $0.3375.

TRX Path In Recent Weeks

The token reached an all-time high of $0.43 earlier in the cycle before pulling back. TRX has climbed roughly 7% in May 2026, hitting an eight-month high over the weekend, though some on-chain signals have flashed caution flags.

Sun's network drew added attention this month after Moscow Exchange began publishing a TRX index on May 13, joining Solana, XRP and BNB on the Russian platform. Tron Inc., the Nasdaq-listed treasury vehicle, also reported $21.6 million in first-quarter net income earlier this week, with digital asset holdings climbing to roughly $225.1 million.

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