Tron (TRX) is trading near $0.331 on the Binance daily chart, down about 0.38% on the day but still holding inside a broad rising channel. Key support sits at $0.328–$0.330, with resistance at $0.348–$0.350. The daily RSI is 44.29, below neutral, while the MACD histogram has just turned slightly positive, suggesting selling pressure may be easing. Analyst Token Talk noted that TRX is attempting to break out of a descending structure and could target $0.3408 first, then $0.3498 if the move holds.
On-chain data compiled by DefiLlama and highlighted by Lookonchain show Tron ranked first among all tracked chains in 24-hour, 7-day, and 30-day revenue. Its monthly revenue reached about $23.41 million, far ahead of Ethereum at roughly $6.34 million, Solana at about $3.4 million, and Base at around $2.78 million.
The network’s revenue strength is tied heavily to stablecoin transfers, especially Tether’s USDT. Tron processed roughly $2.21 trillion in stablecoin settlement in Q3, with average daily stablecoin volume of about $24.05 billion. Combined USDT and USDD supply on Tron reached about $93.88 billion, up 5.5% from the prior quarter, and Tron passed $30 trillion in cumulative transaction volume. Monthly active addresses rose nearly 10% to about 18 million.
The Canary Staked TRX ETF held about $50.18 million in assets as of Oct. 16, up from roughly $49.3 million earlier in the week. Polygon’s Open Money Stack recently expanded to Tron, adding access to U.S. payment rails, and Tron added Ethena’s USDe and sUSDe stablecoins. One counterweight is supply: TRX supply rose by about 148.6 million tokens between July 1 and Oct. 16 as issuance exceeded burns.
