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

New Meme Coin Wall Street Pepe Launches Presale and Raises $700K in 2 Days – Next 100X Crypto?

The meme coin space just got a new player with a Wall Street twist Wall Street Pepe (WEPE) has exploded onto the scene, raising over $700,000 in the first two days of its presale phase And while PEPE

Ethereum Breaks Barriers, Targets $6K Amid Record ETF, TVL Activity

The increasing prominence of Ethereum is once again in the spotlight, as recent data indicates a substantial inflow of funds into Ether-based ETFs These products have experienced a remarkable $133

‘Most Horrible’ Crypto Launch? On-Chain Investigator Accuses ‘Hawk Tuah’ Girl Of Memecoin Scam

On-chain investigator Coffeezilla recently accused influencer Hailey Welch and the HAWK memecoin team of scamming her fans with their recent token launch The team faces backlash because the

Trump Celebrates BTC’s $100K Milestone: ‘You’re Welcome,’ Says the President-elect

On Truth Social, US President-elect Donald Trump extended his congratulations to bitcoin enthusiasts as BTC hit the $100,000 milestone In a playful post, he added, “You’re

Hawk Tuah Girl claims no tokens sold as memecoin launch sparks crypto community backlash

Haliey Welch, a viral internet personality known as the Hawk Tuah Girl, finds herself embroiled in controversy following the launch of her memecoin HAWK on the Solana blockchain The token’s

Worksport Bets Big on Bitcoin and XRP – Here’s Why

The post Worksport Bets Big on Bitcoin and XRP – Here’s Why appeared first on Coinpedia Fintech News In a latest development, Worksport, a Nasdaq-listed manufacturer of covers for pickup trucks,