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

Hawk Tuah Memecoin Crashes 91%: Controversy Surrounds Its Launch

The post Hawk Tuah Memecoin Crashes 91%: Controversy Surrounds Its Launch appeared first on Coinpedia Fintech News Hawk Tuah, a new memecoin created by viral influencer Haliey Welch, gained attention

Attention Traders: Do Not Miss the 30% Rise of This Dwindling Altcoin in December 2024

The post Attention Traders: Do Not Miss the 30% Rise of This Dwindling Altcoin in December 2024 appeared first on Coinpedia Fintech News The Terra collapse was no less than a nightmare for every

Ski Mask Dog Price Prediction: SKI Soars To New All-Time High After 1,038% Weekly Gain, But Experts Say This New Meme Coin Might 100X

The Ski Mask Dog price is up more than 1,038% on the weekly time frame following an 85% pump in the last 24 hours to

Is Solana Ready to Break $245 and Reach $270?

The post Is Solana Ready to Break $245 and Reach $270 appeared first on Coinpedia Fintech News Solana (SOL) has had quite the ride lately After a massive 6829% rally post-US elections, it hit an

Ethereum To $10,000: Analyst Reveals Mid & Long-Term ETH Targets

An analyst has placed these mid-term and long-term targets for Ethereum based on an Ascending Parallel Channel that has been forming in its weekly price Ethereum Has Been Traveling Inside An

No Bitcoin! Central Bank of Chile Rejects Adding BTC as a Reserve Asset

The Central Bank of Chile recently stated that it could not add bitcoin to its reserves, as this crypto asset fails to comply with the requirements to be included as a bank investment Central Bank of