TRON (TRX) has recently surged to $0.204, marking its highest price since January 2018. The rally has put TRX/USD on track to target its all-time highs, with just a 10% increase required to break the record. Here’s a closer look at the latest updates and TRX price prediction.
TRX Price and Market Cap Highlights
TRX currently has a market capitalization of over $17.2 billion, edging closer to entering the top 10 cryptocurrencies by market cap.
With only a small push needed, TRON price predictions indicate a significant chance of hitting new highs.
Bold Predictions for Tron Crypto Price
A prominent analyst predicts TRX could reach $20 before the year ends.
The forecast implies a staggering 100x growth in under two months.
On-Chain Data Insights
Net Network Growth: Increased by 0.56%, reflecting stable user activity.
In-The-Money Ratio: At -0.39%, indicating mild bearish pressure.
Large Transactions: Up by 1.02%, showing rising interest from institutional traders.
Impact of Liquidations on TRX Price
Total liquidations reached $35.68 million, primarily short liquidations.
This forced buying pressure has contributed to TRON's bullish momentum.
Technical Indicators Supporting TRON Price Prediction 2024
Moving Averages & MACD: Strong bullish signals point to sustained growth.
Resistance Levels: TRON faces key resistance at $0.20, with potential to surge toward $0.22.
Can TRON Maintain Its Momentum?
As long as the TRX crypto price stays above $0.1653, further gains are likely.
Institutional interest and strong on-chain signals provide support for sustained growth.
Tron Price Prediction 2025
- With the current momentum and increased adoption, experts remain optimistic about TRON’s long-term prospects.
TRON’s recent rally and strong fundamentals suggest it’s poised for further growth. Keep an eye on key price levels and network signals as TRON builds on its bullish momentum.