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

Bitcoin Price Roars Back: Recovery After Sharp Correction

Bitcoin price declined sharply from the $104,015 high and dipped below $95,000 BTC is now recovering losses and facing hurdles near $99,000 Bitcoin started a major decline after hitting a new

Bitcoin Hits $100K – And Mt. Gox Makes A $2.4 Billion Power Play

Finally, Bitcoin has barreled past the $100,000 threshold, a level predicted by many crypto analysts in the last few months Related Reading: ‘Bitcoin Jesus’ Roger Ver Slams US Overreach Amid

Gary Gensler Quietly Sets Aggressive Crypto Crackdown in Motion Before Leaving, Warns Former SEC Official

SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret promotions signaling a looming regulatory crackdown despite leadership changes Former

Hydra Outclasses Visa: Cardano Processes 2 Billion Transactions – Impact On ADA Price

Cardano, once again, has been at the forefront of innovations in the blockchain space through this latest feat Hydra, a layer-2 scaling solution, has successfully performed 2 billion transactions in

Trump Appoints David Sacks as AI and Crypto Czar

President-elect Donald Trump has announced via Truth Social the appointment of entrepreneur and investor David O Sacks as the “White House AI & Crypto Czar” In this newly created role, Sacks

XRP Wobbles but Won’t Fall: Weekly Gains and Prediction Buzz Persist

On Thursday, while bitcoin hit an all-time high in price, XRP, currently the fourth-largest cryptocurrency, faced a less fortunate day It dropped 39% against the US dollar Despite the slip, XRP