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Sui- TRX price has been hovering below the 20-day EMA for the past 2 weeks.
- The crypto witnessed a great fall of 40% in a month.
- Tron Network’s revenue has climbed to $2.1 Billion in 2024.
Tron Network (TRX) price jumped by 120% in the first three days of December 2024. However, 2025 didn’t see the momentum hold. Also TRX price has declined by 40% in a month, indicating sellers’ domination. Amid this fall, the price slipped below the 20-day EMA and has lost almost all of the recent gains.
The Tron Network generated $2.12 Billion in revenue in 2024, an increase of 115.73 percent over the previous year. Moreover, it generated $329.57 Million in revenue in December 2024, a 39.74% increase from November 2024.
2024 was a Good Year for Tron Network
Tron serves as an example of how the network is progressively gaining traction in the blockchain space, with the potential to generate up to $100 Billion in revenue by the end of 2024. The platform is generating traction in DeFi, games, and other blockchain-based solutions.
The Lookonchain chart reflects consistent growth. Last month alone, the average monthly revenue rose by 39.74% from $329.57 Million the month before.
With its high TPS, competitive fees, and incredibly effective consensus processes, it has proven to be a superior choice over
TRON Price Analysis Based on Performance and Chart Structure
Tron Network crypto was trading at $0.258 which has increased by 1.32% over the past 24 hours. The market capitalization was $22.25 Billion and the 24-hour trading volume was $550.87 Million.
Based on the chart structure, the Tron price has slipped below the 20-day EMA and hovered for the past few weeks. The recent trend was bearish and a bearish candlestick could lead to a strong selling pressure.
Once the price slips below the previous support level of $0.2400, sellers might dominate further. If sellers show their domination, the price may melt to the major support level of $0.190.
Suppose the price breaks out from the 20-day EMA, strong buying pressure could be anticipated. If TRX coin price dominates the $0.300 territory, bullishness may continue for the next few months.
TRX Price Behavior and Forecast
Tron Network has experienced significant fluctuations in its price over the past few weeks, marked by a substantial 40% decline despite impressive revenue growth. With a recorded revenue of $2.12 Billion for 2024, the platform showcases its increasing traction in the blockchain landscape, particularly in DeFi and gaming. However, the technical analysis indicates a bearish trend, with the price slipping below the 20-day EMA and potential support levels at risk.
If TRX can break above the 20-day EMA and hold the $0.300 territory, it may invite bullish momentum in the coming months. Overall, while the financial outlook for Tron remains strong, the market dynamics and price movements must continue to be monitored.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
