TRON records over $1 million daily fees, price holds above $0.33 as bullish outlook builds

Price structure and technical indicators

TRX traded at $0.3302, accompanied by a 24-hour trading volume of $468.84 million and a market capitalization of $31.34 billion. Over the past day, price movement remained relatively unchanged as buyers defended higher support levels and renewed interest emerged following a recovery from a sharp rejection near $0.3660.

TradingView data showed TRX consolidating near $0.3304 after this swift pullback. Green candle formations on the daily chart indicated growing demand and a constructive broader price structure, despite short-term fluctuations and overhead resistance.

The Ichimoku Cloud, a widely used technical analysis tool, showed TRX continuing to trade above the cloud. The Tenkan-sen and Kijun-sen levels are positioned at $0.3329 and $0.3221, respectively, serving as important nearby support zones.

Mini dictionary: Ichimoku Cloud, a comprehensive technical analysis indicator designed to identify trends, support and resistance levels, and momentum in asset prices by using multiple moving averages and cloud projections.

As long as TRX remains above the cloud, analysts suggest the underlying bullish momentum is likely to continue, preserving the upward bias in price action.

Key support and resistance levels

The mid-Bollinger Band provides support near $0.3255, while the top Bollinger Band presents resistance at $0.3664. A sustained move above recent local highs could push TRX toward the $0.3664 resistance, while a dip below $0.3255 may trigger further selling pressure.

Revenue strength and transaction activity

Data from blockchain analytics platform Chainspect revealed that TRON achieved over $1 million in transaction fees on Thursday, marking its highest revenue-producing day in a week. This revenue milestone followed increased on-chain activity and user engagement across the TRON ecosystem.

Compared to other leading blockchain networks in the same period, TRON outperformed by generating more fee revenue than the combined totals of Solana, BNB Chain, and Ethereum. This achievement underscored the growing demand and high transaction throughput within the TRON network.

Mini dictionary: Chainspect, a blockchain analytics provider that offers real-time data and insights on transaction volumes, network activity, and on-chain revenue performance across multiple decentralized networks.

TRON’s recent transaction fee performance set a new benchmark in the industry, as network activity and user participation reached record levels with over $1 million collected in a single day.

Market outlook and broader trends

The latest price movement, coupled with record-breaking network revenue, provided further momentum for bullish TRX price forecasts. Shifts in the overall digital asset market, notably the recent uptick in Bitcoin, also contributed to renewed optimism for large-cap altcoins like TRON.

Analysts emphasized that if TRX maintains its position above the Ichimoku Cloud and continues to attract network activity, the probability of a move toward the next resistance zone will remain intact.