Tron ($TRX ) is heating up as on-chain metrics signal a potential breakout. Trading between $0.2704 and $0.2751, the asset is showing strong bullish signals on the 4-hour chart — and there’s real substance behind the hype.
📊 Transaction Explosion: TRX Blockchain Comes Alive
The Tron blockchain has roared back with over 9 million daily transactions, a nearly 2x increase from the 5 million daily average seen back in September 2023. That explosive growth coincides with TRX’s rise from just $0.07 to its current range — a 285% surge in less than a year.
🧠 IntoTheBlock data backs it up:
Gas fees, which are paid in TRX, dropped from 2.72 TRX to 0.79 TRX, boosting affordability.
The 30-day moving average shows consistent activity, translating to functional demand for TRX.
“With stable gas fees and high transaction volumes, TRX demand is organically growing — it’s not just speculation,” notes a CryptoQuant analyst.
💵 TRX Becomes the Backbone of USDT
Tron is now the go-to chain for Tether (USDT) — with over $80 billion in USDT issued on Tron as of June 23, up $20B since January alone.
Why Tron?
✅ Ultra-low fees
✅ High-speed settlement
✅ Unmatched scalability
✅ Solid network uptime and security
That’s why more users — and whales — are choosing Tron as the primary highway for stablecoin transfers.
📈 What’s Next for TRX Price?
If bulls can break above $0.2751, the next resistance zones are:
$0.2835 (last tested June 16)
$0.2946 (last tested June 10)
A clear breakout could send TRX soaring into new Q3 highs.
However, traders should monitor:
🔻 Downside risk to $0.2590 if market sentiment turns negative.
🧠 Market-wide factors such as Bitcoin direction and macro news.
📌 Bottom Line
TRX isn't just riding meme waves — it's leveraging real utility, growing adoption, and on-chain strength. With stablecoin demand surging and fees dropping, Tron’s fundamentals support a bullish thesis heading into July.