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

Pacioli.ai Integrates USDC Payments and Rewards for Disclosure Reliability Analysis

PRESS RELEASE Zug, Switzerland, December 10, 2024 — Auditchain Labs AG, developer of Pacioliai, the world’s first RegFi protocol, is excited to announce the integration of USDC payments into

DWF Labs launches $20M fund to boost autonomous AI agents in Web3

DWF Labs, a prominent crypto market maker and investor, has unveiled a $20 million fund to foster the development of autonomous AI agents, according to a Dec 10 statement This initiative reflects the

Crypto Bloodbath: $1.69 Billion Liquidations as BTC, ETH, XRP Crash

The post Crypto Bloodbath: $169 Billion Liquidations as BTC, ETH, XRP Crash appeared first on Coinpedia Fintech News The overall cryptocurrency market appears to be bleeding, with major

Efficiency Meets Power: Microbt Launches New Whatsminer Bitcoin Miners in Abu Dhabi

Microbt, the well-known developer of Whatsminer application-specific integrated circuit (ASIC) bitcoin miners, revealed an exciting trio of new mining machines during the Bitcoin MENA Conference in

Microsoft Bitcoin Vote Ends with Shareholders Declining Crypto Investment

The post Microsoft Bitcoin Vote Ends with Shareholders Declining Crypto Investment appeared first on Coinpedia Fintech News In the latest development, Microsoft shareholders have rejected the

Microsoft Shareholders Vote Against Bitcoin Investment Proposal

The post Microsoft Shareholders Vote Against Bitcoin Investment Proposal appeared first on Coinpedia Fintech News Microsoft’s shareholder vote on the Bitcoin investment proposal has finally