TRON (TRX) has been gaining value throughout the past 7 days. The token opened the market for the week, trading at $0.31, and reached almost $0.35 in just a few days, breaking its local resistance at $0.33. According to CryptoQuant, an analytical platform, USDT dominance and DeFi momentum are resulting in record-breaking activity on the TRON Network, and these seem to be the main catalysts pumping TRON’s price up
In addition to it, gasless transactions hit 7M daily zero-gas transactions by June 2025, which is up from 2.2M in Feb ‘24, and the transactions that pay fees steadied at 2 M per day. The new gasless model from TRON allows users to interact without paying fees directly, given that they have staked enough TRX to gain the bandwidth and energy.
On the 4-hour chart, TRX is trading inside a bearish rising wedge. Inside a rising wedge, the price keeps moving upwards, but the range of fluctuation gets narrower as it reaches higher, meaning both the highs and lows are increasing, but the lows are rising faster than the highs. This creates a wedge-shaped pattern that tilts upward.
With every higher high and higher low, the buyers keep pushing the prices. However, as the token gains altitude, the buying momentum weakens and the market equilibrium slowly shifts. Some of the buyers turn into sellers, and eventually, there’s an excess of tokens in the market.
TRX is currently resting on the lower trendline of the rising wedge, which is also the 0.236 Fibonacci level. If the token breaks down conventionally from the wedge, it could fall to the 0.382 Fibonacci level at $0.315. However, since the pattern is not fully formed, the token may rebound off of the lower trendline and head towards the upper trendline to make yet another higher high. During this rebound, TRX could reach $0.35.
