Tron gains momentum Following Major Fee Reduction
TronS price has rebounded thanks to a important reduction in transaction fees. The network’s governance body decided to slash these costs by 60%, making it cheaper to send transactions. This move aims to solidify Tron’s role as the premier chain for USDT transfers.
The fee cut came after a vote by Tron’s Super Representatives. Average fees for TRC20 transfers halved, dropping from 4.4 TRX to 2.1 TRX. Analysts expect this change to attract more users, perhaps as much as 45% more, by lowering barriers for frequent transactions.
In other developments, Tron Inc. expanded its treasury by $110 million, supported by its largest shareholder. A new Ledger enterprise mobile app launched to enhance secure USDT transfers.
- TRX trades at $0.3447, up 2.4% in 24 hours.
- For the week, the coin gained 2%, ranging from $0.3094 to $0.3448.
- The price remains 20% below its December 2024 peak of $0.4313.
Despite a rise in spot prices, market activity has cooled. Spot trading volume fell 10.6% to $702 million. Derivatives volume also decreased, showing reduced speculative interest.
Technically, TRX is above its 20-day simple moving average, though momentum indicators are mixed. Support sits at $0.32, wiht resistance near $0.36. A failure to hold $0.32 might bring a pullback to $0.30. Conversely, breaking above $0.36 could push the price towards $0.38–$0.40.
