According to analyst, whose insights were shared by CryptoQuant, Tron (TRX) may still have bullish momentum left — and the data backs it up.
The key indicator under review is Retail Futures Activity, measured by Trading Frequency Surge, which is known for marking local tops. When retail traders flood the market, it often signals overheating. The chart highlights these moments using red bubbles.
Back in December 2024, TRX hit a peak of $0.45, driven by retail speculation in the futures market that surpassed $1.1 million in daily volume. That surge was a clear sign of FOMO (fear of missing out) and marked the cycle top.
Today, however, TRX trades at $0.27, while daily retail futures volume sits around just $100,000. This notable lack of speculative fervor suggests the current rally is not being driven by overexuberant retail traders.
Burakkesmeci emphasizes that the absence of retail mania in Tron derivatives could be a bullish indicator. The market appears to be climbing steadily, without the volatility associated with hype-driven moves.
In conclusion, the data suggests TRX still has room to move higher, especially if macro conditions stabilize. The quiet futures market may indicate a healthier uptrend is forming — one built on stronger fundamentals rather than speculative excess.
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