Tron Price Hits New ATH! TRX Price Targets $0.5 This Week?

Share This Post

AVAX Price Surge

The post Tron Price Hits New ATH! TRX Price Targets $0.5 This Week? appeared first on Coinpedia Fintech News

Story Highlights

  • The TRX price records a new ATH after 7 years.
  • Tron’s price jumps over 100% in 24 hours with a trading volume of $14.603 billion.
  • Sustained bullish sentiment could push the price beyond the $0.5 mark.

With a surge of ~515% in its daily trading volume, the Tron price has achieved a new all-time high of $0.4407 during the early Asian trading hours today. 

Amid increased bullish sentiment and a high possibility of an Altcoin market, will the Tron ecosystem dominate the cryptocurrency market? In this article, we have covered the short-lived price analysis of the 10th largest crypto token.

Tron (TRX) Price Analysis:

The TRX price has soared ~100% in 24 hours with a trading volume of $14.603 billion. Moreover, it has added 137.91% over the past month and is on the path of challenging USDC for the 09th position.

Tron (TRX) Price Analysis 04th December 2024
TradingView: TRX/USDT

The EMA 50/200-day record a significant uptrend in the Tron price chart. This suggests an increase in the buying-over-seeling pressure for the altcoin in the market.

The Relative Strength Index (RSI) has breached the overbought range with a sharp spike in the daily time. With the average trendline surpassing the same price range, the TRX crypto may continue gaining value this week.

Will TRX Price Hit $1?

If the bulls maintain the price sentiment, the Tron price could retest its resistance level of $0.40. Furthermore, with an optimistic outlook, this altcoin could surpass its ATH and head toward its upper price target of $0.5 this week.

On the flip side, if the profit-booking increases, the TRX coin price could retest its support level of $0.35. Moreover, if the bulls fail to hold the price at that point, the TRX token could plunge toward its lower support of $0.30.

Are you one of many who are considering buying a TRX token before it hits $1? Read our Tron Price Prediction to uncover the long-term mysteries!

FAQs

How much will 1 TRON cost in 2025?

If the bullish sentiment sustains, the TRX coin price may reach a high of $0.73.

Is TRON a good investment?

With a YTD return of +264.64%, the TRX price is under the limelight of top traders and institutes.

Where will TRON be in 5 years?

With increased adoption and rising bullish sentiment, this altcoin may surpass the $2 mark.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Phantom Wallet Announces Support For SUI Network 

The post Phantom Wallet Announces Support For SUI Network  appeared first on Coinpedia Fintech News In a latest blog post, The Sui Foundation has officially revealed that Phantom Wallet, a top-tier

Court Filing: Bitcoin Advocate Roger Ver Argues Government Overreach in Tax Case, Seeks Dismissal 

Roger Ver, a prominent figure in the cryptocurrency world known as “Bitcoin Jesus,” has filed a motion to dismiss an eight-count US tax indictment, claiming unconstitutional government

This MEME Coin Set For 30% Rally, In-depth Analysis

The post This MEME Coin Set For 30% Rally, In-depth Analysis appeared first on Coinpedia Fintech News In this bull run, despite opting for blue-chip cryptocurrencies majority of investors and traders

Semler Scientific Bitcoin Acquisition Surges Amid Crypto Market Boom

The post Semler Scientific Bitcoin Acquisition Surges Amid Crypto Market Boom appeared first on Coinpedia Fintech News Semler Scientific, a healthcare technology company known for its innovative

New Meme Coin Wall Street Pepe Launches Presale and Raises $700K in 2 Days – Next 100X Crypto?

The meme coin space just got a new player with a Wall Street twist Wall Street Pepe (WEPE) has exploded onto the scene, raising over $700,000 in the first two days of its presale phase And while PEPE

How the crypto community reacted to Bitcoin’s $100,000 record

Bitcoin has achieved an unprecedented milestone, surpassing the $100,000 mark for the first time in its history Data from CryptoSlate showed that the top digital asset peaked at $103,46581 on Dec 5,