TRX Bulls Charge as Network Revenue Hits $343M—Can the 18% Rally Hold?

Tron's revenue surge isn't just noise—it's rocket fuel for traders betting on that 18% price pop. Network metrics don't lie, but crypto hype cycles? That's another story.

The revenue reckoning

$343 million in network revenue screams adoption, or at least heavy traffic. Whether it's legit DeFi or casino dApps doesn't matter—money talks.

The trader calculus

An 18% rally target feels conservative if the revenue keeps climbing. Then again, this is crypto—where 'fundamentals' sometimes mean 'which influencer posted a moon emoji.'

Watch the $343M figure like a hawk. If it dips, so will those bullish dreams. And remember: in this market, even the best metrics can get rug-pulled by a single Elon tweet.

Tron Price Chart This consolidation phase lasted nearly six months. Despite the breakout, TRX has hovered just above the upper boundary of the range, struggling to decisively break the $0.2806 resistance level. However, a recent bounce off the local support trendline suggests a possible post-retest continuation of the bullish trend. The MACD and signal lines are approaching a potential bullish crossover, while the RSI is rebounding from the midline. Together, these indicators point to an increased likelihood of a trend reversal. The next major resistance for TRX lies at the 50% Fibonacci level of $0.3226, representing an upside potential of over 18%. Tron DAO Reports Strong May Growth Adding fuel to the bullish outlook, Tron DAO recently reported robust network growth in May. The organization recorded $343 million in revenue, with global accounts reaching 310 million. The network also hosted 78 billion on-chain stablecoins and anticipates continued growth in June. Optimism Rises in Tron Derivatives Market In the last 12 hours, Optimism has grown among TRX traders in the derivatives market. According to Coinglass, the long-to-short ratio measured by volume reached 53.54%, pushing the overall ratio to 1.1524. This reflects a notable increase in bullish sentiment. With this wave of optimism, the derivatives market appears to be anticipating a further bounce in TRX price.

CoinglassCoinglass