TRON trading volume tops $1B as analysts eye potential $1 price target
TRON (CRYPTO:TRX) extended its August rally, with 24-hour trading volume reaching $1.07 billion and the price holding around $0.35.
The token has gained 15.3% this month and 172% year-over-year, ranking among the top performers on CoinMarketCap.
TRON’s strength is fueled by its dominance in stablecoin settlements, processing over $625 billion monthly, with growing adoption in high-value transactions and tourism payments.
While not directly involved in Blue Origin’s recent crypto rollout, TRON could benefit indirectly as many stablecoin settlements occur on its blockchain.
The network processed over 1.8 trillion transactions in 2025 with a 99.3% success rate, and over 70% of transactions incurred no gas fees.
On-chain activity is up 28% versus the 250-day average, attracting more developers to payment and gaming applications.
TRON Inc.’s Q2 2025 results showed $1.47 million in net income, reversing prior losses, with shareholder equity surging 3,500% year-over-year to $111 million.
Institutional and retail confidence remains strong despite recent profit-taking by long-term holders.
Analysts say a break above $0.35 could lead to $0.45, with some projecting $1 by September or October if momentum continues.
Support levels sit between $0.30 and $0.32, with $0.35 acting as a key resistance point for bullish confirmation.
At the time of reporting, TRON price was $0.3523.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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