{"id":3174,"date":"2025-06-17T18:45:59","date_gmt":"2025-06-17T18:45:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-tron-price-surge-60-and-revisit-december-highs\/"},"modified":"2025-06-17T18:46:00","modified_gmt":"2025-06-17T18:46:00","slug":"can-tron-price-surge-60-and-revisit-december-highs","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-tron-price-surge-60-and-revisit-december-highs\/","title":{"rendered":"Can Tron price surge 60% and revisit December highs?"},"content":{"rendered":"
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Tron price remained consolidated on Tuesday as investors reflected on the new public listing news.<\/p>\n

Tron (TRX) was trading at $0.2790, a few points above this week\u2019s low of $0.2670. It has risen by almost 40% from its lowest level this year.<\/p>\n

The biggest Tron news is that it will execute a reverse merger with SRM Entertainment, a company that sells branded toys. Dominari Securities, a company with ties to the Trump family, is arranging this merger.\u00a0<\/p>\n

The merger will see SRM accumulate TRX tokens, mimicking the strategy of Strategy, which transformed from a small tech company into the largest Bitcoin (BTC) holder. Strategy\u2019s market capitalization has soared from $1 billion in 2020 to $105 billion today.<\/p>\n

The deal comes after the successful Circle IPO, <\/strong>which has pushed its market capitalization to over $33 billion. Other companies in the crypto industry, like Gemini, Galaxy Digital, and Kraken, are also considering going public late this year.<\/p>\n

<\/p>\n

Tron has grown into one of the largest cryptocurrencies, with a market capitalization of over $24 billion. It is also the second most profitable crypto project after Tether.<\/p>\n

According to TokenTerminal data<\/a>, Tron has generated over $3.65 billion in revenue over the past 365 days, with $1.6 billion recorded so far this year. Most of these fees are either burned or distributed to super representatives.<\/p>\n

The token-burning mechanism contributes to Tron\u2019s deflationary nature. Its circulating supply<\/a> has dropped from 96.3 billion in June last year to 94.8 billion today.\u00a0<\/p>\n

Tron price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
TRX price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart shows that TRX has been in a gradual uptrend in recent months, rising from a February low of $0.20 to $0.2743 today.<\/p>\n

The price has moved above the 50-day and 100-day Exponential Moving Averages (EMAs), signaling that bulls remain in control.<\/p>\n

Tron has also formed a cup-and-handle pattern, a popular continuation formation, and is currently developing the handle portion. If the pattern holds and TRX breaks above the year-to-date high of $0.2958, a continuation rally toward last year\u2019s high of $0.4497, a roughly 60% upside, becomes increasingly likely.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Tron price remained consolidated on Tuesday as investors reflected on the new public listing news. Tron (TRX) was trading at $0.2790, a few points above this week\u2019s low of $0.2670.…<\/p>\n","protected":false},"author":1,"featured_media":725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3174"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3174\/revisions"}],"predecessor-version":[{"id":3175,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3174\/revisions\/3175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/725"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}