Tron Increases in Price Alongside Daily Revenue

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


The revenue generated by the TRON network has dramatically increased over the last few days, according to DeFi Llama’s chart. Coincidentally, the value of TRX, the native token of TRON, has been rising since the start of the year. Yet, given the multiple advances that have lately occurred on the blockchain, the rising price of TRX is not unexpected.

One of the most notable advances was the modification made to the volume and stake rate of TRX, which has significantly decreased the token’s supply in the cryptocurrency market. Moreover, the Caribbean island nation of Dominica recently authorized the use of TRON as its national blockchain for the creation of Dominica Coin (DMC), the nation’s official coin.

Key TRON Levels To Watch – February 24

TRON Increases In Price alongside Daily RevenueTRXUSD has been bullish ever since the rebuff at the $0.04530 support. According to the Moving Average, the market began its uptrend in December 2022, and it keeps rallying across the diagonal support. On January 13, 2022, a bearish order block was created as prices crashed to the downside.

As the expansion of price continues to the upside, the bearish order block might cause a retracement to the downside. This expectation also conforms with the bearish divergence indication signaled by the Relative Strength Index as it forms lower highs and the price forms higher highs.

TRON Key Levels

Resistance Levels: $0.17680, $0.13140, $0.09230
Support Levels: $0.6550, $0.04530, $0.03730

Total Market Capitalization: $1.06T
TRON Market Capitalization: $6.21B
TRON Volume: $0.21B
Market Rank: #16

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.