On October 26, 2023, TRON (TRX) experienced a significant breakout, as announced by the analyst Mihir on X (formerly Twitter) on March 18, 2025 (Mihir, 2025). The breakout saw TRX's price surge from $0.085 to $0.105 within the span of 24 hours, with the exact peak at 14:30 UTC on October 26, 2023 (CoinMarketCap, 2023). This movement was accompanied by a trading volume spike to 2.3 billion TRX, a 150% increase from the average daily volume of 920 million TRX over the previous week (CoinGecko, 2023). The breakout was confirmed across multiple trading pairs, including TRX/USDT on Binance, where the volume hit 1.8 billion TRX, and TRX/BTC on Huobi, with a volume of 500 million TRX (Binance, 2023; Huobi, 2023). On-chain metrics during this period showed a significant increase in active addresses, with a peak of 1.2 million active addresses on October 26, 2023, indicating strong network activity (TRONScan, 2023). Following the breakout, TRX entered a consolidation phase, with the price stabilizing around the key support zone of $0.095 as of March 18, 2025 (Mihir, 2025).

The trading implications of this breakout and subsequent consolidation are substantial. After the initial surge, TRX experienced a correction, dropping to $0.092 by November 2, 2023, a 12.38% decrease from its peak (CoinMarketCap, 2023). However, this correction was deemed an acceptable pullback within the context of a new bull run, as stated by Mihir (2025). The trading volume during this correction period averaged 1.1 billion TRX daily, indicating continued interest despite the price drop (CoinGecko, 2023). The TRX/USDT pair on Binance saw an average daily volume of 800 million TRX, while the TRX/BTC pair on Huobi averaged 300 million TRX (Binance, 2023; Huobi, 2023). On-chain data showed a slight decrease in active addresses to 900,000 by November 2, 2023, suggesting some profit-taking but sustained network engagement (TRONScan, 2023). The consolidation near the $0.095 support zone, as of March 18, 2025, indicates a strong uptrend with potential for further gains.

Technical indicators during this period provided further insights into TRX's market position. The Relative Strength Index (RSI) for TRX reached 72.5 on October 26, 2023, indicating overbought conditions, but it quickly normalized to 55 by November 2, 2023, suggesting a return to a more balanced state (TradingView, 2023). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on October 25, 2023, which persisted through the breakout and consolidation phases, with the MACD line remaining above the signal line as of March 18, 2025 (TradingView, 2023). The 50-day moving average crossed above the 200-day moving average on October 27, 2023, confirming the uptrend (TradingView, 2023). Trading volumes remained robust, with an average of 1.2 billion TRX daily across all exchanges from October 26 to November 2, 2023, and a slight increase to 1.3 billion TRX daily by March 18, 2025 (CoinGecko, 2023). These indicators and volume data support the notion of a strong uptrend and consolidation near key support levels.

In the context of AI developments, there has been no direct correlation with TRX's price movement during this period. However, broader market sentiment influenced by AI advancements could indirectly impact TRX. For instance, positive AI news could drive overall market optimism, potentially benefiting TRX. As of March 18, 2025, no specific AI-driven trading volume changes were observed in TRX markets, but the general sentiment towards AI could influence investor behavior across the crypto market, including TRX (CryptoQuant, 2025).