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

Ripple Applauds White House Crypto Czar: Is Regulatory Clarity Finally Here?

“Dream team!” Ripple executives hailed David Sacks’ appointment as White House Cryptocurrency Czar, predicting his leadership will drive innovation and deliver long-awaited

Is Pepe Coin’s Next ATH Around The Corner? Whales Bet Big After Major Listings

Pepe is in the meme coin spotlight again BinanceUS and Coinbase, two of the major cryptocurrency exchanges, have added Pepe Coin to their trading platforms Whales have been consuming enormous amounts

Is Chainlink Ready To Break Its All Time High at $52?

The post Is Chainlink Ready To Break Its All Time High at $52 appeared first on Coinpedia Fintech News Chainlink seems to be getting ready to break its current all time high soon The investors have

XRP Price Prediction For December 7

The post XRP Price Prediction For December 7 appeared first on Coinpedia Fintech News Ripple’s XRP is currently up by more than five percent in the last 24 hours and is trading at $245 levels

End of Crypto Crackdowns? Lawmaker Says ‘Regulation by Enforcement Is Over’

A top lawmaker says the US is shifting from “regulation by enforcement” to clear oversight, with new leadership poised to boost cryptocurrency and AI innovation A New Era for Crypto and AI

SUI Flashes Overbought Warning, Will A Price Correction Follow?

SUI has been on an impressive upward trajectory, but signs of potential exhaustion are beginning to emerge Key technical indicators now suggest the cryptocurrency has entered overbought territory,