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

Dogecoin Defies Crypto Market Crash: Analyst Says It Looks ‘Incredible’

The crypto market has seen the largest leverage flush out since April 2021 yesterday, December 9, as reported earlier today Amidst the market shakeout, Dogecoin (DOGE) is one of the altcoins which is

Bitcoin poised for ‘golden age’ in 2025 with $200k milestone projection – Bitwise

The crypto market is poised for a transformative year in 2025, with Bitcoin (BTC) projected to break $200,000, according to a recent Bitwise report The report — titled The Year Ahead: 10 Crypto

New Investors Driving Bitcoin Demand – Metrics Reveal Institutional Adoption

Since breaking it last week, Bitcoin is grappling with the $100,000 milestone, struggling to stay above this critical level Despite the price facing resistance, Bitcoin continues to show strength,

Binance Ranks as the Most Visited Crypto Site and 6th in Financial Services: Cloudflare Report

According to Cloudflare’s 2024 web traffic report, Binance is the most visited cryptocurrency platform Binance Attracted the Most Web Visits in Crypto for 2024 Binance solidified its position

Microsoft Shareholders Reject Bitcoin Investment Proposal In Preliminary Vote

Microsoft, the world’s largest software company, has rejected the proposal to evaluate the potential benefits of adding Bitcoin (BTC) to its corporate balance sheet, despite meetings and

Goldman Sachs eyeing crypto market-making for Bitcoin, Ethereum if US regulations shift

 Goldman Sachs CEO David Solomon said the firm might explore becoming a spot market maker spot market for Bitcoin (BTC) and Ethereum (ETH) if the regulatory environment in the US undergoes