TRON (TRX) Price Targets $1 as Trading Volume Hits $1B and Network Surpasses 5 Billion Transactions

TRON (TRX) has extended its August rally, breaking above key resistance and trading at $0.35, up 2.09% in the past 24 hours. This marks a 14.96% monthly rise and an impressive 172% year-on-year gain, fueled by surging trading volume that crossed $1.03 billion.

The momentum positions TRX among the day’s top gainers on CoinMarketCap, with market sentiment firmly in bullish territory.

The rally comes on the back of strong fundamentals and ecosystem growth. TRON recently surpassed 5 billion total transactions, processed 1.8 trillion transactions year-to-date with a 99.3% success rate, and maintained over 70% of transactions at zero gas fees.

This operational efficiency has drawn increasing interest from developers, especially in payments and gaming dApps.

Mainstream adoption is also in focus after Blue Origin began accepting cryptocurrency payments for spaceflight bookings, potentially settling stablecoin transactions on TRON due to its low-cost, high-speed network.

As TRON already processes over $625 billion in stablecoin settlements monthly, any spillover into high-ticket industries could drive significant demand.

Technical Outlook: Overbought but Strong

From a technical perspective, TRON’s Relative Strength Index (RSI) stands at 72.65, signaling overbought conditions. Despite this, the bullish trend remains intact, with TRX trading above all major moving averages, SMA 7 at $0.34, SMA 20 at $0.33, and SMA 200 at $0.26, showing strength across multiple timeframes.

The MACD remains in positive territory, while Bollinger Bands show TRX testing its upper limit at $0.35, aligning with a 52-week high. Immediate resistance sits at $0.35, a level that, if broken decisively, could set up a move toward $0.45.

Analysts suggest that clearing this barrier could pave the way for $1 targets by September–October, echoing patterns from past bullish breakouts.

Support levels are firm at $0.30 and $0.27, providing strong downside protection for traders. Swing traders are watching for pullbacks to $0.33–$0.31 as potential re-entry zones.

Strong Fundamentals Fueling TRON (TRX)’s Momentum

TRON’s bullish run is supported by more than just hype. With record Q2 earnings of $1.47 million, a 3,500% increase in shareholder equity, growing real-world use cases, and unmatched stablecoin settlement volumes, TRX’s rally has a solid foundation.

While short-term caution is warranted due to overbought signals, the medium- to long-term trajectory remains firmly upward. A decisive break above $0.35 could ignite a push toward $0.45 and eventually $1, making TRON one of the most closely watched assets in the crypto market this quarter.