TRON (TRX) blockchain is gaining attention as its native token hovers near a critical resistance level

Recent data shows many positive signs for the TRX price, including high revenue generation from fees, whale investments, and stable price performance.

The TRON blockchain has been a hot topic in the crypto world as its native token, TRX, approaches a critical resistance level and generates massive revenue from transaction fees.

Recently, many positive signs have emerged for the TRX price, including high revenue generation from fees, whale investments, and stable price performance, leading cryptocurrency experts to question whether the TRX coin can break past the $0.25 mark and reach a new price level in April.

TRON Tops Blockchain Fee Rankings

According to data from Token Terminal, TRON generated a staggering $277.2 million in transaction fees over the past 30 days, outpacing any other blockchain.

Top 5 Blockchains by 30-Day Transaction Fee Revenue

Coming in second and third place are Solana (SOL) with $30.7 million and BNB Chain with $25.5 million in fees, respectively, while Ethereum (ETH) stands at fourth with $21.7 million.

These figures reflect the number of people actively transacting and interacting with TRON-based applications or trading TRX meme coins. TRON’s top spot on this list is a bullish fundamental sign as it suggests significant adoption and utility.

At press time, the Tron network has recorded over 290 million total addresses and about 1.5 million daily active users, highlighting an active network that is growing rapidly.

Institutional Moves and Ecosystem Developments

Perhaps the most overlooked yet powerful signal came from a tweet by LaCryptoLycus, who highlighted that 1 billion USDT (Tether) was minted on TRON on March 28, indicating substantial capital influx.

While the exact reason behind the mint is yet unclear, it’s usually a sign that significant demand or capital is entering the ecosystem. This aligns with another official TRON DAO post, reminding users that TRON’s utility extends far beyond DeFi.

This post serves as a response to a user who inquired about the practical applications of TRON. The post emphasizes the role of TRON in day-to-day transactions, from buying groceries to paying rent.

Data shows that nearly 90% of all stablecoins are on just four blockchains: Ethereum, TRON, Solana, and Binance Smart Chain (BSC). TRON’s inclusion underscores its role in the Web3 and stablecoin economy.

Implications for TRX Price

According to CoinMarketCap, TRX is priced at $0.2329, a 1.01% increase over the last 24 hours.

Recently, TRX has been trading between $0.228 and $0.235, showing stable prices and a lack of sellers at lower levels. This indicates strong support for the token.

Crypto analyst LaCryptoLycus notes that TRX is showing a typical consolidation pattern. This pattern occurs when the price stays within a tight range, often suggesting that large investors are buying before a significant price movement.

His chart indicates that TRX has been trading within a descending wedge pattern since January, with a potential breakout if it goes above $0.25.

If $TRX breaks above the $0.25 resistance then we could see a bullish move toward $0.28 or higher.

Longer consolidation periods often result in more pronounced breakouts.

This pattern typically leads to a breakout—either up or down, but the odds of a bullish breakout are higher, considering the record-breaking fees, network usage growth, whale accumulation, a large USDT mint, and solid price support above $0.225.

The consolidation suggests market preparation for significant movement, as past similar periods in crypto markets have often resulted in rapid, unforeseen changes.

However, it should be noted that TRX’s trading volume has dropped by 17.6% in the last 24 hours. While it’s normal for trading volume to decrease during consolidation, it’s something to keep an eye on. A price increase lacking higher trading volume may be unsustainable.

Another vital point is Bitcoin’s overall market direction. TRON usually follows Bitcoin’s trends closely, so any sudden changes in the Bitcoin price could affect TRX, regardless of its fundamentals.

The post TRON: TRX faces critical resistance as apex crypto records huge revenue from fees appeared first on Token Terminal.output: The TRON blockchain has been a hot topic in the crypto world as its native token, TRX, approaches a critical resistance level.

Recently, many positive signs have emerged for the TRX price, including high revenue generation from fees, whale investments, and stable price performance. However, cryptocurrency experts are questioning whether the TRX coin can break past the $0.25 mark and reach a new price level in April.

TRON Tops Blockchain Fee Rankings

According to data from Token Terminal, TRON generated a staggering $277.2 million in transaction fees over the past 30 days, outpacing any other blockchain.

Coming in second and third place are