According to the data we have transferred as Kriptokoin.com, the Tron (TRX) price has been in a long -standing trend, although the rise signals in the market began to appear. TRX, which decreased by 47 %from the summit of 2024, has recently been giving signs of recovery. The three critical factors show that Tron can start a large rally in the coming days.
Tron Breast Coins are experiencing explosion!
Most breast coins in the tron ecosystem have recently recovered. Sundog, the largest breast coin of the network, increased its market value to 69 million dollars by experiencing a 77 %increase in the last 24 hours.
Similarly, Tron Bull Coin rose 38 %and Suncat rose by 24 %. This rally increased the total market value of the Tron breast coin ecosystem by 57 %and brought it closer to $ 90 million. In addition, total trading fees in the Sunpump ecosystem reached $ 5.65 million.
TRON BLOCK CHAIN PROTECTS
Tron maintains its position as the leader Blockchain in Tether (USDT) operations. The fact that it offers much lower processing fees compared to Ethereum increases the volume of transaction in the network.
According to Tonscan data, the Tron network carried out $ 65 billion Tether on Wednesday. Daily trading volumes often exceeded $ 100 billion and made Tron one of the most profitable blockchain projects. In 2024, he collected 441 million dollars and 2.4 billion dollars in the last 12 months.
Technical indicators point to a strong rise for TRX
In the technical analysis, it is a critical indicator that TRX remains above the 200 -day moving average. This shows that the current withdrawal may be an average mean reversion process. In addition, the Falling Wedge formation occurred. This formation usually results in upward breakdown. TRX also seems to be a small reverse shoulder head shoulder (Inverse Health and Shoulders).
If these formations operate, the TRX price is expected to increase by 85 %and reach $ 0.4500. However, the price of 200 -day moving average is below $ 0.2075, this bull’s scenario may invalidate. According to the data we follow as kriptokoin.com, the next days will be critical for TRX. If he gets market support, Tron can start a great rise rally!
