TRON leads network revenue… Is TRX preparing to rise?
The TRON network generated $23.41 million in revenue over 30 days, outperforming Ethereum by $6.34 million and Solana by around $3.4 million, according to data from DeFiLlama. This performance is mainly due to the network’s widespread use for USDT transfers.
Technical analysis of TRX:
The 15-minute chart shows the price trading near $0.3319 after retreating from $0.3372, with a limited rebound from the low of $0.3306. The short-term trend remains weak, and the price needs to break through resistance levels to confirm a recovery.
Support: $0.3310, then $0.3306.
Resistance: $0.3321–$0.3332.
Bullish scenario: A break above $0.3332 could support a continued rebound.
Bearish scenario: A break below $0.3306 could increase selling pressure.
The TRON network generated $23.41 million in revenue over 30 days, outperforming Ethereum by $6.34 million and Solana by around $3.4 million, according to data from DeFiLlama. This performance is mainly due to the network’s widespread use for USDT transfers.
Technical analysis of TRX:
The 15-minute chart shows the price trading near $0.3319 after retreating from $0.3372, with a limited rebound from the low of $0.3306. The short-term trend remains weak, and the price needs to break through resistance levels to confirm a recovery.
Support: $0.3310, then $0.3306.
Resistance: $0.3321–$0.3332.
Bullish scenario: A break above $0.3332 could support a continued rebound.
Bearish scenario: A break below $0.3306 could increase selling pressure.