TRON Trading Volume Surges Past $1B, TRX Eyes $1 Milestone
TRON trading volume climbed to $1.07 billion in 24 hours as TRX extended its August rally beyond key resistance. The TRX price sits at $0.35, marking a 15.3% gain this month and a 172% surge year-over-year. TRON trading volume is driven by stablecoin settlements exceeding $625 billion monthly and growing payment use cases like high-value transfers and tourism bookings. The network has processed 1.8 trillion transactions year-to-date with a 99.3% success rate and zero gas fees on over 70% of transfers. On-chain activity is up 28%, attracting more payment and gaming dApp developers. Q2 earnings showed $1.47 million net income and $111 million in equity. Technical analysts see support at $0.30–$0.32 and resistance at $0.35, with targets of $0.45 near term and $1 by Q3 if momentum holds.
Bullish
The surge in TRON trading volume past $1 billion combined with robust network metrics and positive earnings creates a strong bullish outlook. Historically, volume breakouts paired with rising on-chain activity and institutional confidence have led to sustained price rallies. Key technical levels—support at $0.30–$0.32 and resistance at $0.35—mirror past patterns where breaking resistance triggered rapid gains toward new highs. If TRX holds above $0.35, short-term targets of $0.45 become likely, paving the way for a run toward $1 later in the year. The mix of real-world use cases, low fees, and growing developer interest further supports continued upside momentum.