TRX Price Prediction: How High Will TRX Go in the Coming Rally?

#TRX

• TRX trading above 20-day MA indicates bullish momentum foundation
• MACD positive divergence suggests weakening selling pressure
• Bollinger Band position shows potential for breakout above $0.364 resistance

TRX Price Prediction

TRX Technical Analysis: Bullish Breakout Potential

TRX is currently trading at $0.3488, positioned above its 20-day moving average of $0.3422, indicating underlying bullish momentum. The MACD shows a slight positive divergence with a histogram reading of 0.000399, suggesting weakening bearish pressure. Bollinger Bands reveal price action NEAR the upper band at $0.3641, signaling potential resistance testing. According to BTCC financial analyst Robert, 'The technical setup favors upward movement, with a break above $0.364 potentially triggering further gains toward $0.38-0.40 levels.'

Market Sentiment: Altcoin Rally Expectations Build

Current market sentiment appears cautiously optimistic as experts predict a significant altcoin rally before September, with TRX among the highlighted assets. Short-term TRX holders are already seeing 30% gains, creating positive momentum. BTCC financial analyst Robert notes, 'The combination of technical strength and growing institutional interest in alternative cryptocurrencies suggests TRX could outperform in the coming weeks, though traders should monitor broader market conditions.'

Factors Influencing TRX's Price

Dogecoin Under Pressure as Traders Eye High-Growth Alternatives

Dogecoin's price struggles NEAR key support levels at $0.218-$0.220, failing to break resistance at $0.230. Network data shows sustained exchange outflows and profit-taking, with futures markets revealing lopsided long liquidations. Technical indicators suggest potential downside to $0.205 or $0.185 if current support breaks.

Investors are rotating into alternative tokens with stronger growth narratives. chainlink shows bullish momentum after clearing $19 resistance, while TRON maintains steady adoption. The standout appears to be Remittix - its cross-border payment utility fuels projections of 1500% gains before October.

Market dynamics reveal a sector in flux. Dogecoin's volatility persists as capital seeks higher-beta opportunities, with payment-focused altcoins gaining particular attention during this rotation phase.

Tron Short-Term Holders See 30% Gains as Market Rally Looms

Tron's TRX token has delivered impressive short-term returns, with three-month holders now sitting on 31.2% profits. Recent analysis reveals one-week holders gained 3.8% while one-month investors saw 10.3% returns—signaling strengthening momentum in the TRX market.

This profitability surge follows significant profit-taking by long-term holders earlier in August, when veteran investors realized $1.4 billion in gains. Market observers suggest the current bullish sentiment among short-term traders could attract fresh capital and catalyze a broader rally.

'When short-term investors profit, their success stories become market fuel,' noted one analyst. The TRX ecosystem appears to be building a foundation for sustained growth, provided these gains hold.

Experts Predict Massive Altcoin Rally Before September: ADA, TRX, SOL & RTX in Focus

Cardano, Tron, and solana are gaining traction on centralized exchanges as analysts anticipate a significant altcoin rally by September. ADA is projected to reach $2.50–$5, TRX could climb to $0.73, and SOL may push toward $300. Meanwhile, Remittix (RTX) emerges as a breakout contender, combining utility with market hype.

Cardano's institutional momentum is bolstered by a 75% chance of SEC spot ETF approval, Hydra Layer-2 scalability testing, and a $71M treasury fund. With over 66% of ADA staked, a breakout above $1 could propel it to $1.20 and potentially $5 by Q4 2025.

Tron's dominance is underscored by 11.1B lifetime transactions, with 860M processed last quarter. Whale accumulation and exchange outflows suggest growing demand, while technical indicators hint at a breakout past $0.38 resistance.

How High Will TRX Price Go?

Based on current technical indicators and market sentiment, TRX shows strong potential for upward movement. The price is currently testing resistance near the upper Bollinger Band at $0.3641. A successful break above this level could target the $0.38-0.40 range in the short term.

BTCC financial analyst Robert emphasizes that 'while the setup is bullish, traders should implement proper risk management as cryptocurrency markets remain volatile.'