The Crypto project, founded by Tron, Justin Sun, remains in a bear market after falling more than 40% from its highest level in 2024.
The price of Tron (TRX) fell to $ 0.2290 on Friday, but many fundamental and technical factors point to a final reversal.
Tokenterminal data suggests that Tron is now earning the second largest fee in the crypto industry after Tether. So far this year, it has produced a fee of $ 330 million compared to $ 430 million.
Tron’s fees have crossed the Etharium (ETH), which has produced $ 172 million this year, while Solana (Sol) has produced $ 278 million.
This growth is largely inspired by the extended appearance of the tron in Stabechoin market. Its Stabelcoin market cap has exceeded $ 61 billion, while its transfer quantity on Thursday was alone. $ 100 billionThe number of USDT holders on the tron has also increased, reaching more than 60.4 million.
Some fees generated on Tron are distributed through stating to the verifications and holders of the network. As StakingrewardsThe stacking yield of the tron is 4.5%, which is 3.12%of the atherium and more than 2.54%of the needle.
Beyond stacking, other fundamental factors can drive more the price of TRX in the coming months. The circulating supply of the tron is steadily decreasing because more TRX tokens are burnt compared to mining, which causes the decomposition effect. complete Number The TRX token in circulation fell to 86.11 billion below 86.15 billion a month ago.
Additionally, the network activity of Tron is increasing. On Thursday, there were over 7 million transactions, from 5.4 million a week ago. This growth has carried forward the counting of cumulative transactions before 9.56 billion.
Tron Price Wage pointed to a strong rebound
The weekly chart suggests that TRX is making a pattern of low climb and lower high levels from December. This pullback has created a falling wedge pattern, with two convergence trend lines. Historically, a falling veg indicates a possible breakout because the price is near the convergence point.
Tron has also received support in the 200-day Exontessial Moving Average, which has failed to break below this month. This shows that bears are reluctant to reduce the price.
Given these factors, TRX can see a strong rapid breakout in the coming weeks, at a high level of all time at a high level of $ 0.4485 at a high level of about 96% from its current level-about 96%. However, a drop below the moving average of 200-week will invalve the outlook at this rapidly.
