Tron (TRX) has experienced a 47% decline from its highest level in 2024, but there are three potential factors that could push its price higher. Firstly, the Tron meme coin ecosystem is showing signs of recovery, with significant surges in the value and market capitalization of meme coins like Sundog, Tron Bull Coin, and Suncat. Secondly, Tron's ecosystem remains strong, as it has become the leading blockchain for Tether transactions due to its lower fees compared to Ethereum. This transaction growth has made Tron one of the most profitable blockchains in the industry. Finally, Tron's technical indicators suggest a potential rebound, with TRX remaining above the 200-day moving average and forming bullish reversal signals such as a falling wedge chart pattern and an inverse head and shoulders pattern. If these indicators hold, the next key level to watch is $0.4500, representing an 85% increase from the current price.



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