TRON (TRX) is trading at $0.3447 at press time, up 2.4% over the past 24 hours. Over the last week, the token has fluctuated between $0.3094 and $0.3448, posting a modest 2% weekly gain but still down 0.6% on the month. TRX currently sits about 20% below its all-time high of $0.4313 set in December 2024.
Despite the price recovery, market activity reflects cooling momentum. Spot trading volume slipped 10.6% to $702 million in the past day, while derivatives volume fell 18.7% to $252 million alongside a 1.3% drop in open interest, according to Coinglass. This suggests that while TRX’s spot price is climbing, speculative activity is waning.
Network Upgrades and Ecosystem Growth
A key driver behind TRON’s resilience is its latest governance move to cut transaction fees by 60%. As highlighted in a Sept. 10 CryptoQuant analysis by Amr Taha, average fees for TRC20 transfers dropped from 4.4 TRX to 2.1 TRX, with total weekly fees plunging from 272 million TRX in mid-August to just 23.1 million TRX.
The change followed an Aug. 29 vote by TRON’s Super Representatives to lower the Energy Unit Price from 210 SUN to 100 SUN. The fee reduction is expected to strengthen TRON’s role as the leading settlement layer for Tether (USDT), making the network more attractive for frequent transfers. Estimates suggest the lower cost could make the network affordable for up to 45% more users.
Other ecosystem highlights include TRON Inc.’s $110 million treasury expansion on Sept. 2, backed by its largest shareholder, and the Sept. 11 launch of a Ledger Enterprise mobile app aimed at improving secure USDT transfers on the TRON network.
Technical Outlook
From a technical perspective, TRX has rebounded from support near $0.31 and is now trading above the 20-day simple moving average (SMA) at $0.3401, signaling short-term strength. Broader momentum remains positive, with the 50-day and 200-day SMAs still in buy territory, supporting the ongoing uptrend.
Momentum signals are showing mixed trends. The MACD is flashing a mild sell signal, while the RSI sits at a neutral 54, indicating neither overbought nor oversold conditions. TRX is currently consolidating near the midpoint of its Bollinger Bands, with key support at $0.32 and resistance around $0.36.
A drop below $0.32 could trigger a deeper pullback toward $0.30, while a decisive break above $0.36 may open the door for gains toward the $0.38–$0.40 range.
