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

Crypto Investing Plan for 2025: Insights on Bitcoin, Alt Season, and Pro-Crypto Policies

The post Crypto Investing Plan for 2025: Insights on Bitcoin, Alt Season, and Pro-Crypto Policies appeared first on Coinpedia Fintech News Yesterday, the Bitcoin market crossed the level of $100K,

PNUT Memecoin Soars 13,000x: Trader Turns $450k to $8M

The post PNUT Memecoin Soars 13,000x: Trader Turns $450k to $8M appeared first on Coinpedia Fintech News Since the launch of the Solana (SOL)-based Peanut the Squirrel (PNUT), the memecoin has

As Bitcoin Trades Above $100K—Analysts Reveal What Could Be Next

Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception On Thursday, the cryptocurrency reached a new all-time high of $103,679, marking a

The Ultimate ‘I Told You So’: Community Celebrates $100K Bitcoin Milestone

Defying fiat currencies, naysayers, and bear markets, bitcoin, the premier cryptocurrency, has recently reached a milestone by breaking the $100k mark for the first time in its history Members of the

90% of token unlocks drive prices down, declines begin a month ahead

A recent Keyrock report highlighted that 90% of token unlocks exert negative price pressure, though the effects often take up to 30 days to materialize fully   Approximately $600 million of

$3 Billion in Bitcoin and Ethereum Options Expiring Today, Market Brace For Volatility 

The post $3 Billion in Bitcoin and Ethereum Options Expiring Today, Market Brace For Volatility  appeared first on Coinpedia Fintech News The crypto market is gearing up for a day of potential