TRON is trading near $0.29 after a steady climb today, with TRX trading in a narrow range just below a clear resistance level. Both technical charts and on-chain data suggest a short-term battle between buyers and sellers.
Descending Resistance Meets Horizontal Supply
According to World Of Charts, TRX is trying to break through both horizontal resistance and a downward trendline. This setup follows a long decline from earlier highs, with a base forming around $0.27 to $0.28. The analyst says that if TRX can clearly move above these levels, it could head toward $0.32. Traders are watching for a break of the trendline, not just momentum.
Order-book data adds friction to that setup. CW (@CW8900) highlights a visible sell wall at $0.29, with the next layer concentrated around $0.295.
This matches the current price stalling just below $0.29, which suggests that sellers, not a lack of buyers, are holding back the price. Until this selling pressure is gone, any move up is likely to be slow and gradual.
On-Chain Usage and Revenue Backstop Tron Price
Weekly active users on TRON stand at roughly 7.1 million, ranking the network fifth among major L1s. That usage has remained stable over time, suggesting consistent transactional demand rather than a short-lived spike.
Revenue metrics are more decisive. Token Terminal data show TRON generated $203.6 million in protocol revenue over the last 30 days, representing a 59% share of total Layer-1 revenue during that period.
Chainspect also reports $1.126 million in revenue in a single day, the highest among all blockchains. This strong fee generation shows steady economic activity supporting the coin, even as the TRON price consolidates.
TRON’s integration with Base on December 19 has also changed how liquidity moves. Now, TRX can be bridged through LayerZero into Base’s ecosystem, giving it access to Base-native DEXs like Aerodrome.
This means more trading options and links TRX price discovery to an Ethereum-based Layer-2, making TRON less dependent on its own network. Even though we don’t see new volume data yet, this integration supports long-term liquidity.
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