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

David Sacks Appointed as Crypto Czar by Donald Trump to Lead AI and Blockchain Policies

The post David Sacks Appointed as Crypto Czar by Donald Trump to Lead AI and Blockchain Policies appeared first on Coinpedia Fintech News After Bitcoin reached the $100K milestone, Donald Trump made

XRP Price Prediction For December 6

The post XRP Price Prediction For December 6 appeared first on Coinpedia Fintech News Ripple’s XRP is currently trading below the $230 level and has slipped below into the red zone However, the

President-Elect Trump’s Message To Bitcoin Holders: Congratulations On Reaching $100,000

President-elect Donald Trump, now a vocal supporter of Bitcoin, took to social media to congratulate cryptocurrency holders on surpassing the $100,000 milestone for the first time in history Bitcoin

Putin Confirms Digital Ruble Integration in Russia’s Federal Budget

Russia is set to integrate its central bank digital currency (CBDC), the digital ruble, into its federal budget system starting next year, with nationwide adoption targeted by July 1, 2025, President

Ethereum Price Gears Up for $4,000: Higher Highs In Sight?

Ethereum price is rising from the $3,650 zone ETH is gaining pace and might soon aim for a move above the $3,950 resistance zone Ethereum remained in a positive zone and stayed above the $3,680 zone

SEC vs Crypto: Gary’s Final Strike on Crypto Before Departure

The post SEC vs Crypto: Gary’s Final Strike on Crypto Before Departure appeared first on Coinpedia Fintech News Gary Gensler is stepping down as SEC Chair on January 20, 2025 But before leaving, he