TRX Price Prediction: Bullish Momentum Builds Toward $0.35
#TRX
- Technical Strength: TRX is above its 20-day MA with a bullish MACD crossover.
- News Catalyst: Positive ecosystem developments are boosting sentiment.
- Price Target: 0.35 USDT is the next resistance level to watch.
TRX Price Prediction
TRX Technical Analysis: Bullish Signals Emerge
TRX is currently trading at 0.3331 USDT, above its 20-day moving average (0.321815), indicating a potential bullish trend. The MACD shows a positive crossover (0.002009), suggesting upward momentum. Bollinger Bands indicate the price is NEAR the upper band (0.336465), which could signal overbought conditions but also strong buying interest. BTCC financial analyst William notes, 'The technical setup favors buyers, with key resistance at 0.3365. A breakout could push TRX toward 0.35 USDT.'
TRX Market Sentiment Boosted by Ecosystem Growth
Positive news around Tron's ecosystem, including Justin Sun's cosmic ambitions and the Ruvi AI presale being dubbed 'Tron 2.0,' is fueling bullish sentiment. BTCC financial analyst William states, 'The combination of strong technicals and positive news flow could drive TRX higher, with 0.35 USDT as the next target.'
Factors Influencing TRX’s Price
Tether’s USDT Accounts for 40% of On-Chain Fees Across Major Blockchains
Tether’s USDT stablecoin now drives 40% of all on-chain transaction fees across nine prominent blockchains, including Ethereum, Tron, and Solana. CEO Paolo Ardoino highlighted its critical role in emerging markets, where millions rely on USDT daily as a hedge against inflation and currency devaluation.
Blockchains with lower gas fees and native USDT support are poised to dominate, Ardoino noted, as they combine affordability with the stability demanded by global users. The trend underscores stablecoins’ growing centrality in digital transactions, particularly in regions grappling with economic volatility.
Justin Sun Unveils Cosmic Ambitions for Tron Ecosystem After Space Journey
Justin Sun, founder of TRON, has returned from a brief space voyage aboard Blue Origin's NS-34 mission with expansive plans for the blockchain ecosystem. The trip, realized through a $28 million auction win in 2021, marks a personal milestone and a symbolic leap for decentralized technology.
"Space travel reshaped my perspective on Earth's fragility and humanity's potential," Sun told CoinDesk. His vision now includes nominating five individuals to join a future flight, with proceeds funding space education initiatives. The 10-minute journey, delayed for years, was described as "surreal and unforgettable."
While the article truncates Sun's comments on risk tolerance, the subtext suggests TRON's roadmap may incorporate space-related metaphors or initiatives. No specific technical developments were disclosed, but the narrative positions blockchain as part of humanity's next frontier—mirroring Sun's physical ascent.
Ruvi AI (RUVI) Presale Gains Momentum Following CoinMarketCap Listing, Dubbed 'Tron 2.0' by Analysts
Ruvi AI (RUVI) is capturing significant investor attention as its presale surges past $2.7 million, with over 210 million tokens sold. The project, now 75% through Phase 2 of its presale, is being compared to Tron (TRX) due to its rapid adoption and innovative use case. A recent CoinMarketCap listing has bolstered its credibility, driving global interest.
The presale price is set to increase by 33%, from $0.015 to $0.020, prompting a rush among investors to secure positions before the next phase. Analysts highlight Ruvi AI's strong community growth, with more than 2,600 holders, as a key indicator of its potential.
How High Will TRX Price Go?
Based on current technical and fundamental factors, TRX could rise to 0.35 USDT in the near term. Below is a summary of key levels:
Indicator | Value |
---|---|
Current Price | 0.3331 USDT |
20-Day MA | 0.3218 USDT |
Upper Bollinger Band | 0.3365 USDT |
Next Target | 0.3500 USDT |