TRON Tops Revenue Rankings as TRX Breaks Resistance: What Next?
- TRON led blockchain revenue, as updated daily, weekly, and monthly network fees moved higher
- TRX cleared the $0.28-$0.29 zone as spot volume jumped 21% and price held near $0.2944
- Positive funding and a firm RSI kept focus on $0.309, with $0.28-$0.29 now key support
TRON moved to the front of the revenue table as fresh network data showed rising activity across fees, trading, and token volume. At the same time, the TRX token pushed through a price zone that had capped advances for weeks, giving traders a clearer level to watch after a sluggish stretch in February.
Data shared by Lookonchain showed the network generating $947,419 in revenue over 24 hours, $5.42 million over seven days, and $24.96 million over 30 days. Those figures later increased to $1.01 million for the day, $6.43 million for the week, and $25.98 million for the month. The climb placed the chain ahead of rivals on revenue during the measured periods and added weight to the latest move in the token.
Revenue Growth Aligns With Rising Market Activity
The increase in revenue did not appear in isolation. Trading across applications tied to the network also picked up, though not evenly across every segment. Decentralized exchange volume, for instance, reached $60.42 million over the past 24 hours and $382.57 million over seven days.
That marked a weekly increase of 4.86%. Similarly, perpetual futures activity was larger in nominal terms, with $94.1 million traded in the last day and $556.08 million across the week, but that segment cooled from the previous week, posting a 26.88% decline. Meanwhile, spot market activity was firmer.
Trading volume in the token rose more than 21% and reached about $512 million. That increase mattered as it arrived during a softer session for Bitcoin, which fell 2.25% to roughly $70,795. The contrast did not prove full market separation, but it did suggest buyers were acting on chain-specific momentum rather than simply following the broader tape.
Price Action: TRX Break Above Key Barrier Reshapes the Outlook
On the chart, the move above the $0.28 to $0.29 range stood out. That band had repeatedly blocked upside attempts through February and also lined up with the 38.2% Fibonacci retracement area, giving it extra attention among short-term traders.
At press time, TRX changed hands near $0.2944, up about 2% over 24 hours. The broader trend looked steadier than that daily move alone suggested. On the monthly view, the token was ahead by around 6%, while year-on-year gains stood near 33%.
The structure of the rally also drew notice. Price had been printing a sequence of higher lows and higher highs, and the token remained above short- and mid-term moving averages clustered around $0.28. That did not settle the next move, but it did show that recent support had shifted higher.
Related: XRP Holds Key Support as Traders Sit on $50.8B Unrealized Loss
Momentum Holds as Key Price Levels Come Into Focus
Other indicators leaned constructive, if not decisive. The relative strength index hovered near 60, a reading that often points to firm buying interest without yet signaling an overheated market. Derivatives data added a similar message.
CoinGlass showed the OI-weighted funding rate in positive territory at about +0.0096%, indicating that long positioning continued to outweigh short exposure. That usually reflects a market still leaning to the upside, though not without risk if sentiment turns quickly.
With such market conditions, the next level in view sits around $0.309, near the 78.6% Fibonacci retracement. Beyond that, traders are likely to keep an eye on the $0.32 area, which marked a prior peak in mid-January. Regardless, there is still a note of caution in the chart.
Recent price action has formed a rising wedge, a pattern that can sometimes precede a pause or pullback. If that happens, the old resistance zone between $0.28 and $0.29 may become the first support test.Below that, the $0.27 to $0.26 region remains the next area to watch. For now, though, the immediate story is simpler: revenue is climbing, volume has improved, and the breakout has put TRON back in focus.
