TRON Price Surge: Will Bulls Smash Through All-Time Highs in 2025?
TRX bulls are charging—again. The embattled altcoin, once dismissed as 'just another blockchain project,' now flirts with its ATH as traders scramble for position. Forget 'slow and steady'—this is crypto, where patience gets rekt.
Key Levels to Watch
TRX's chart paints a classic breakout-or-bust scenario. Resistance levels crumble like a Wall Street analyst's credibility during a bull run. The 200-day MA? Obliterated. Fibonacci retracements? More like suggestions.
Market Sentiment: Greed or Logic?
Retail FOMO meets institutional accumulation—a cocktail that either launches rockets or burns bag holders. Derivatives traders pile in, leveraging positions like there's no tomorrow (and in crypto, sometimes there isn't).
The Cynical Take
If TRX hits ATH, expect the usual suspects: VC funds suddenly 'always believing in the project,' and crypto influencers deleting their 2023 'TRON is dead' tweets. Classic.
Amidst a consolidating market, TRON is gaining significant traction. The drive for this has come from a surge in trading volume and strategic developments within the network. With the price currently around $0.3367 after a 3.02% daily gain and a 2X volume rise, investors are keen on the next resistance level.
Talking about catalysts, Tron Inc.’s plan to raise $1 billion via a shelf offering could significantly boost liquidity and TRX accumulation without spooking the markets. Concerned about what trade to make with Tron? Read this short-term tron price analysis for all details.
TRX Price Analysis
Tron price at the time of press is being sold on exchanges for $0.3367. While its market cap is at $31.89 billion, the 24-hour trading volume is up 101.61% at $2.97 billion. Giving an overview of the recent past, the price has ranged from a low of $0.3285 to a high of $0.3407 in the past 24 hours.
On the daily chart, TRX has broken out of the upper Bollinger Band, a sign of high volatility and buyer dominance. The RSI is currently at 74.99, clearly in the overbought territory. This indicates that while bulls are in control, a short-term pullback or consolidation may be on the cards.
The support remains strong in the $0.30 to $0.32 range, which has been tested multiple times during previous consolidations. Immediate resistance lies at $0.3549, followed by one at $0.3967. That being said, if the bullish momentum sustains, and TRON price rises above its current ATH at $0.4407, the next one could be at $0.5177.
FAQs
Is TRX currently overbought?Yes, the RSI at 74.99 indicates overbought conditions, implying a potential near-term pause or pullback.
What is the next price target for Tron?Traders need to factor in the resistance levels at $0.3549, $0.3967, and $0.5177. And the support at $0.30 to $0.32.
Why is the TRX’s price up today?The TRX price surge is catalyzed by a 101% surge in volume, fresh capital inflow, and by positive sentiment around the $1 billion shelf offering plan.
