front pagenewsTron (TRX) Bulls Chase $0.25 Breakout, Set New All-Time High

Tron (TRX) Bulls Chase $0.25 Breakout, Set New All-Time High

Published on

spot_img


NAIROBI (CoinChapter.com) — As of November 18, 2024, TRON (TRX) is trading at $0.2028, with a daily gain of 3.08% and a weekly gain of 21.46%. The coin is only 8% away from its all-time high of $0.220, which was achieved earlier this year. TRX’s outstanding performance has triggered bullish sentiment in the market.
Analysts predict TRX could break through $0.25
TRX’s bullish momentum remains strong, with analysts eyeing key technical levels. The coin is facing resistance at $0.21, a breakout of which could push it towards $0.25.
TRON (TRX) price action reflected strong bullish momentum as it broke above the key 1.618 Fib level at $0.189. This would put the coin on track to climb towards the 2.618 Fib extension level at $0.223, which is a critical resistance area.
The Commodity Channel Index (CCI) at 193.90 confirmed overbought conditions, indicating strong buying pressure. Meanwhile, the On-Balance Volume (OBV) indicator showed increased market activity, indicating that traders’ interest in the coin continues to strengthen.
Kingpin Crypto highlighted the key $0.21 resistance level, calling it the “last hurdle before TRX could surge towards $0.25.” He cited strong buying activity shown by the Balance of Power (BoP) indicator.
Solid Tradesz pointed out TRX’s year-long price growth, noting its recent steps toward breaking its all-time high price.
TRX’s daily trading volume surged to $1.7 billion, reflecting growing investor confidence. The recent destruction of 11 million TRX tokens, in line with the network’s deflationary model, reduces supply and strengthens long-term value, further supporting TRX’s bullish outlook.
TRON Ecosystem Drives Adoption
TRX’s recent gains showcase its expanding influence in the decentralized finance (DeFi) and non-fungible token (NFT) markets. According to DefiLlama, TRON’s total value locked (TVL) currently stands at $7.35 billion, close to its peak of $10.4 billion in March 2024.
The growth points to rising adoption, especially in stablecoin trading, fueled by political changes, including Donald Trump’s recent victory, which has brought renewed confidence in the crypto market.
Justin Sun, the founder of TRON, has played a key role in promoting the network, which now has over 271 million accounts and processes over 50 million transactions per week. Strategic partnerships with Asian financial institutions have driven TRON’s adoption in cross-border payments.
The low fees and fast transaction speeds of the TRC-20 network have made it a leading platform for stablecoin transfers. Founder Justin Sun’s continuous promotion of the TRON ecosystem and collaboration with major Web3 projects have also contributed to the token’s bullish trajectory.

Latest Articles

香蕉价格反弹乏力,卖方重掌市场后逐渐回落

LUCKNOW (CoinChapter.com)—2025年3月16日,香蕉枪(BANANA)的价格飙升至20美元,但随后上涨势头减弱,逐渐平息。该代币原本有望在该领域超越其他竞争者,但最终还是受到...

Hedera价格预测:是否会飙升至8美元?随着Lightchain AI吸引主要投资者,市场展望乐观

Hedera价格预测显示,它可能会飙升至8美元,围绕该项目的看涨前景正在逐渐形成。随着Hedera的势头增强,Lightchain AI也在吸引重要投资者,已经在预售阶段以0.006美元的价格筹集了超...

卡尔达诺触发重大买入信号,FXGuys预售目标在2025年第三季度达到1000万美元

Cardano(ADA)发出明确的买入信号,激励交易者和机构支持者 ADA似乎有可能因更高的资金流入和积极的技术信号而上涨。然而,随着Cardano的发展,FXGuys的第三阶段预售突破450万美元...

帕维尔·杜罗夫获准离开法国,正值法律纠纷期间

YEREVAN (CoinChapter.com) — Telegram创始人帕维尔·杜罗夫(Pavel Durov)在2025年3月13日获得法国法院批准后,离开法国并前往迪拜。他的离开紧随2024...

More Articles

香蕉价格反弹乏力,卖方重掌市场后逐渐回落

LUCKNOW (CoinChapter.com)—2025年3月16日,香蕉枪(BANANA)的价格飙升至20美元,但随后上涨势头减弱,逐渐平息。该代币原本有望在该领域超越其他竞争者,但最终还是受到...

Hedera价格预测:是否会飙升至8美元?随着Lightchain AI吸引主要投资者,市场展望乐观

Hedera价格预测显示,它可能会飙升至8美元,围绕该项目的看涨前景正在逐渐形成。随着Hedera的势头增强,Lightchain AI也在吸引重要投资者,已经在预售阶段以0.006美元的价格筹集了超...

卡尔达诺触发重大买入信号,FXGuys预售目标在2025年第三季度达到1000万美元

Cardano(ADA)发出明确的买入信号,激励交易者和机构支持者 ADA似乎有可能因更高的资金流入和积极的技术信号而上涨。然而,随着Cardano的发展,FXGuys的第三阶段预售突破450万美元...
en_GBEnglish