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 Miners Move 85,503 BTC, Price Unaffected – Here’s Why

From attaining a six-figure market price to a sudden market crash, Bitcoin has remained the major headliner in the crypto market over the past week Among these rapid developments on the largest

PEPE Price Predication for December 2024

The post PEPE Price Predication for December 2024 appeared first on Coinpedia Fintech News Pepe (PEPE), the popular and third-largest crypto meme coin, is garnering massive attention from crypto

All Eyes on $2.75: XRP’s Chart Patterns Suggest Major Move on the Horizon

The cryptocurrency XRP has been on an upward trajectory, recently trading at $260 after a 73% gain in the past 24 hours XRP On the 1-hour chart, XRP has been consolidating tightly between $255 and

Bitcoin ETFs Surpass Satoshi’s Holdings, Blockchain Firm Breaks Down Institutional Adoption In 2024

The year 2024 will be one for the history books for the cryptocurrency industry and, especially, for Bitcoin After kickstarting the year with the approval of spot exchange-traded funds (ETFs), it

Ethereum Price Breakout: Charting The Uncertain Part Of ETH To $18,000

Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen and even raised the possibility of ETH reaching $18,000 Ethereum currently boasts a bullish outlook,

Countdown to Ripple’s Stablecoin: The Fight to Meet Year-End Expectations

Ripple is racing to launch its highly anticipated US dollar-pegged stablecoin by year’s end, poised to revolutionize digital payments across XRP and Ethereum networks Ripple’s