Tron price (TRX) is trading around $0.347 today, posting a 0.97% daily gain after briefly touching $0.343 earlier in the session. Trading volume over the last 24 hours topped $806 million, though that figure has slipped 16% compared with previous sessions.
Despite near-term fluctuations, TRX remains up 129% year-on-year and about 51% over the last six months, reflecting resilient demand even after its pullback from the December 2024 high of $0.44.
The bullish sentiment uptick comes against the backdrop of a community-approved proposal that reduced Tron’s energy fees by 60% in late August. Fees will now be adjusted quarterly based on network demand, a move designed to keep costs competitive for decentralized application (dApp) developers.
Following the update, daily active addresses surged to 2.6 million, a 40% month-over-month jump, while DApp trading volumes showed a notable rebound.
Tron (TRX) Continues to Dominate Blockchain Revenues
Tron continues to assert dominance in on-chain fundamentals. Token Terminal data shows the network generated nearly $299 million in revenue over the last 30 days, representing a commanding 92% share of all L1 blockchain revenues.
Over the past three years, Tron has accumulated more than $6 billion in fees, outpacing Ethereum’s $4.5 billion during the same period.
At the ecosystem level, Total Value Locked (TVL) stands at $6.6 billion, with stablecoin market cap anchored at $77.6 billion, making Tron a critical hub for Tether (USDT) liquidity. The lending platform JustLend remains the dominant DeFi protocol, holding over $5.3 billion in deposits.
Meanwhile, active monthly addresses now exceed 15 million, a 6% gain in September alone, underlining Tron’s entrenched user base. This contrasts with rivals like Ethereum and Solana, where address growth has been more modest in recent months.
Tron Price Analysis: Indicators Point to Strong Buy
Short-term technical indicators suggest a slight upward trend for TRX coin. On the daily chart, Tron is supported by the 50-day moving average (MA) at $0.343 and the 100-day MA at $0.319, both moving upwards.
The price is staying above these levels. The Bollinger Bands show that TRX is trading between $0.322 and $0.357, indicating that increased price movement may happen soon.
According to TradingView, TRX has a “Strong Buy” rating. Thirteen moving averages indicate buy signals, and the oscillators like the Moving Average Convergence Divergence (MACD) and momentum index are showing positive trends. The Relative Strength Index (RSI) is near 54, which is neutral and allows for more upward movement without hitting overbought levels.
If buyers maintain momentum, resistance levels are at $0.357 and $0.37, with a potential breakout reaching $0.40 and the December 2024 peak at $0.44 in the coming weeks. Support is strong at $0.34 and $0.32, backed by moving averages and trendlines.
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