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bullish

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<p>TRX price rose for the fourth consecutive day as investors bought the dip, key Tron metrics improved, and a bullish chart pattern formed.</p>
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  <span>Summary</span>
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   <li>Tron price has formed a falling wedge pattern on the daily chart.</li>
   <li>The number of Tron transactions has jumped by 12% in the last 30 days.</li>
   <li>Tron’s market share in the stablecoin industry is growing.</li>
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<p>Tron (<a href="https://crypto.news/price/tron/" rel="noopener noreferrer nofollow">TRX</a>) rose to a high of $0.2800, up slightly from this month’s low of $0.22715.</p>
<p>Third-party data shows that some key metrics on Tron are doing well. For example, according to <a href="https://app.artemisanalytics.com/asset/tron?chartMetric=DAILY_TXNS&amp;from=assets&amp;tab=stablecoins" target="_blank" rel="noopener noreferrer nofollow">Artemis</a>, the supply of stablecoins on Tron increased by 2.5% in the last 30 days to $81 billion.&nbsp;</p>
<p>The supply, driven by Tether, increased as the number of stablecoin addresses in the network rose by 4.84% to 11.5 million. These two numbers make Tron the second-biggest chain in the stablecoin industry, after Ethereum (ETH).</p>
<p>Additional data indicate that the number of stablecoin transactions increased by 3.7% to 78 million. This translated to an adjusted volume of over $703 billion.&nbsp;</p>
<p>You might also like: <a href="https://crypto.news/cardano-price-bullish-divergence-night-token-demand/" rel="noopener noreferrer nofollow"> Cardano price forms bullish divergence as NIGHT token demand jumps </a></p>
<p>Meanwhile, according to Nansen, Tron network handled 313 million transactions in the last 30 days. These transactions increased by 12%, which is notable because other popular chains, such as Solana, Ethereum, and BNB Chain, saw their transaction volumes decline.</p>
<p>While Tron’s transactions rose, the number of active addresses dropped by 23% to 16.7 million, while its fees fell by 12% to $29 million. Its <a href="https://crypto.news/tron-price-recovery-trx-network-fee-cut-2025/" rel="noopener noreferrer nofollow">fees declined</a> recently by 60% due to a network-wide reduction.</p>
<p>Tron generated $597 million in fees in the last 12 months, higher than the $587 million that Ethereum made in the same period.&nbsp;</p>
<p>Tron’s fees help to moderate the number of TRX tokens in circulation. TronScan data shows that there are now 94.4 billion TRX tokens in circulation, down from 95 billion in January.</p>
<h2 class="wp-block-heading" id="trx-price-technical-analysis-as-a-falling-wedge-forms">TRX price technical analysis as a falling wedge forms</h2>
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  Tron price chart | Source: <a href="https://crypto.news/price/tron/" rel="noopener noreferrer nofollow">crypto.news</a>
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<p>The daily chart indicates that the TRX token has been in a pronounced downward trend over the past few months. It dropped from the year-to-date high of $0.3700 to the current $0.795.</p>
<p>On the negative side, the token formed the bearish death cross pattern last month. That pattern typically fuels further downside, as it indicates that bears have prevailed.&nbsp;</p>
<p>However, some technicals point to a rebound. It has formed a falling wedge pattern, while the Percentage Price Oscillator and the Relative Strength Index have formed a bullish divergence.</p>
<p>Therefore, while the death cross pattern indicates further downside, the falling wedge and bullish divergence suggest that further upside is possible in the coming weeks.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/xrp-price-rebounds-as-rsi-exits-oversold-territory/" rel="noopener noreferrer nofollow"> XRP price rebounds as RSI exits oversold territory: Rally ahead? </a></p>

TRX price flashes wedge as top Tron network metrics jump

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