TRX Price Prediction: Will It Hit $1 Amid Bullish Momentum?

#TRX

• TRX is trading above its 20-day MA, signaling bullish momentum.
• Nasdaq listing news has fueled positive market sentiment.
• Competition from high-ROI tokens like RUVI could limit upside.

TRX Price Prediction

TRX Technical Analysis: Bullish Signals Emerge

TRX is currently trading at $0.3222, above its 20-day moving average of $0.3088, indicating a bullish trend. The MACD shows a positive crossover with a value of 0.001248, suggesting upward momentum. Bollinger Bands indicate the price is NEAR the upper band at $0.3299, signaling potential overbought conditions but also strong buying interest.

TRX Gains Momentum on Nasdaq Listing News

TRON (TRX) has surged past $0.32, fueled by bullish sentiment following its Nasdaq listing announcement. Analyst John notes that this development, combined with TRON's dominance in USDT transfers, could drive further price appreciation. However, competition from emerging tokens like RUVI, which boasts a 13,800% ROI forecast, may pose challenges.

Factors Influencing TRX’s Price

TRON (TRX) Surges Past $0.32 as Nasdaq Listing Fuels Bullish Momentum

TRX trades at $0.32 with strong bullish signals following Tron Inc.'s Nasdaq debut. Technical indicators show momentum building, with RSI at 68.49 and price nearing resistance levels.

The TRX price received its strongest boost this week from Tron Inc.'s milestone achievement on July 24th, when the company rang the Nasdaq opening bell after a $100 million reverse merger. This landmark event bridges blockchain technology with traditional finance markets, enhancing TRON's credibility and institutional exposure.

Supporting the bullish narrative, TRON's integration with MoonPay on July 21st streamlined fiat-to-crypto conversions, allowing users to purchase TRX and TRC-20 tokens directly with traditional currencies. This development removes friction barriers that previously limited retail adoption, potentially expanding TRON's user base significantly.

The network's fundamental strength was further validated on July 20th when TRON surpassed $80 billion in USDT issuance, underscoring its dominance in the stablecoin ecosystem.

Ruvi AI (RUVI) Gains Momentum with 13,800% ROI Forecast, Challenging Tron (TRX)

Ruvi AI (RUVI) emerges as a standout in the cryptocurrency market, fueled by its AI-powered platform and strategic partnerships. The token's presale has already raised $2.5 million, with over 200 million tokens sold and a growing community of 2,400 holders. Analysts project a staggering 13,800% return on investment, positioning RUVI as a potential rival to Tron (TRX).

CoinMarketCap's endorsement and a partnership with WEEX Exchange have bolstered investor confidence. With Phase 2 of the presale nearly 70% sold out and a price increase imminent, the window for early investment is narrowing. Priced at $0.015 per token, RUVI presents a compelling opportunity for those betting on blockchain innovation.

TRON Coin Price Potential Amid Dominance in USDT Transfers

TRON's price has dipped 5.5% from recent highs, yet the network's fundamentals appear robust. Messari data reveals TRON now dominates stablecoin movement, processing $21.3 billion in daily USDT transfers—surpassing even PayPal's volume. With 50.6% of global USDT supply residing on its chain, the network's growing utility could propel TRX past the $0.50 resistance level.

The ecosystem demonstrates accelerating adoption, with daily transactions climbing 12.6% to 8.6 million and active wallets reaching 2.5 million. This organic growth, coupled with TRX's deflationary mechanism—94.8 billion tokens remain after Q2 burns—creates a compelling supply-demand dynamic. As DEX activity intensifies, particularly on SUN V3, TRON solidifies its position as a hub for both stablecoin transfers and decentralized trading.

Will TRX Price Hit 1?

While TRX shows strong bullish signals, reaching $1 would require a 210% increase from its current price of $0.3222. Key factors include:

Analyst John believes TRX could test $0.50 in the near term, but $1 remains a longer-term target dependent on sustained momentum and adoption.