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

Is XRP Still Worth It? Lark Dewis Weighs In

The post Is XRP Still Worth It Lark Dewis Weighs In appeared first on Coinpedia Fintech News Lark Dewis, an entrepreneur and crypto investor, has recently taken to X to share his views on whether XRP

Michael Saylor Said Bitcoin Price Could Crash By 80%: A Theoretical Risk or Reality?

The post Michael Saylor Said Bitcoin Price Could Crash By 80%: A Theoretical Risk or Reality appeared first on Coinpedia Fintech News Michael Saylor, the executive chairman of MicroStrategy, has been

Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction

As Bitcoin finally soars above the long-awaited $100,000 milestone, Ethereum (ETH) attempts to break out from a key resistance zone The second-largest crypto rally has fueled optimism about its

Solana eyes transaction boost with proposed block compute increase

Solana developers have proposed increasing the network’s block compute limit from 48 million to 50 million units to handle more transactions and enhance network efficiency According to details

Helium Price Jumps 78% in 13 Days, HNT Price To Hit New 52-week High?

The post Helium Price Jumps 78% in 13 Days, HNT Price To Hit New 52-week High appeared first on Coinpedia Fintech News Story Highlights With a 24-hour jump of ~8%, the HNT price records a new 9-month

5 Million Players Are Collecting Whale Token Before the Launch

PRESS RELEASE The team behind Whaleio, one of the standout TON blockchain’s all in one entertainment platform, is preparing for a fair launch of their highly anticipated token As part of this