On Thursday, July 17th, the crypto market experienced heightened volatility as the U.S. House of Representatives passed all three crypto bills. Amid the general bullish sentiment, the TRON price showed a 2% intraday gain and a decisive breakout from a key resistance level. The bullish momentum gained further traction as the TRX network recorded a substantial jump in revenue growth. Is a rally to $0.35 close?
TRON Generates $2M Daily Revenue
Over the past three weeks, the TRON coin price witnessed a steady recovery from $0.259 to the current trading price of $0.316, registering a 22% growth. A primary catalyst for this recovery was the rising investors’ optimism ahead of ‘Crypto Week.’
Today, the U.S. House of Representatives finally passed all three crypto bills, i.e., the CLARITY Act, the GENIUS Act, and the Anti-CBDC Act, accelerating the bullish momentum in the crypto market.
Along with general market sentiment, the on-chain data highlighted a substantial surge in daily revenues, bolstering the TRX price recovery.
According to a recent post by CryptoQuant analyst Crazzyblockk, the TRON blockchain is generating an average daily revenue of $2 million, driven almost entirely by the transaction fee.
In recent years, TRON’s financial growth has been nothing short of explosive, as the network recorded a massive 2,951% revenue surge in 2021. The momentum extended in 2023, as the earnings report showed a 283% jump culminating in a record-breaking $2.02 billion in 2024.
As of mid-2025, the TRON blockchain continues its upward trend in this metric, with daily revenue figures exceeding $13 million on peak days.
In May 2025 alone, the network posted a 17% month-on-month revenue growth, reinforcing its dominance in transaction-based income. This steady multi-month dollar revenue growth positions TRON among the most profitable and utilized blockchains.
TRX Price Breaks Out Of Channel Formation
With an intraday gain of 2.23%, the TRX price gave a decisive breakout from the resistance trendline of a long-coming channel pattern. Since March 2025, the two ascending trendlines have acted as a dynamic resistance and support for traders, creating a textbook example of a channel.
The coin price bounces at least three times from either trendline, indicating the credibility of the chart pattern in influencing the price movement. The sharp upswing in the daily exponential moving average (20, 50, 100, and 200) reinforces the aggressive bullish sentiment in the crypto market.
If the daily candle closes above the pattern’s resistance trendline, then buyers will receive sufficient support to drive a 6.2% surge to $0.33, followed by a leap to the psychological level of $0.35.
However, if the anticipated retest re-enters the channel pattern with a close below $0.307, the bullish thesis would be threatened for invalidation.
