#TRX Tron big dump 36% after stunning Rebound, is TRX going back to its peak?

Recently, Tron (TRX) has experienced a roller coaster ride. In just two weeks after reaching a historic high on December 3rd, it had a big dump of 36%. However, TRX, which seemed to have fallen to the bottom, showed amazing rebound resilience. What happened?
King of Stablecoins: Tron's Core Advantage
Despite the fluctuating market sentiment, Tron's stablecoin business is surging ahead. According to CryptoQuant's data, Tron's USDT transfer volume in November soared to 587.2 billion US dollars, setting a new historical high and outperforming all competitors. This strong performance has evidently become an important support for TRX, as funds continue to show strong interest in the Tron network despite a temporary decline in trading volume.
Network activity rebounded, but the foundation remains solid.
Since December, the on-chain transaction activity of Tron has slightly cooled down, decreasing from 9.03 million transactions on December 3 to 6.81 million transactions. But don't rush to short it, this pullback is more like a breather after the frenzy. At the same time, Tron's TVL (Total Value Locked) in USD remains stable at a high level, although the TVL calculated in TRX has decreased, mainly influenced by token prices, the overall network has not been significantly impacted.
Can the bulls counterattack? The flow of funds is the key
In the past two weeks, the outflow of funds from TRX has been dominant, especially after the peak in early December. However, despite this, the funding rate remains positive, indicating that the market's bearish sentiment towards TRX is relatively limited. More importantly, the open interest in contracts remains stable at $278 million, suggesting that large funds have not given up betting on TRX.
Summary: The bearish momentum is still lingering, but the Rebound signal is brewing.
Tron's fundamentals remain solid, and the unique advantage of stablecoin business provides it with a solid moat. In the short term, the key for TRX is whether it can break through the pressure of capital outflows and attract bulls to enter again. If it can hold above $0.30, the next challenge of reaching the high point is not impossible.#加密市場反彈，你關註了哪些反彈幣種？