TRON Nears All-Time High: Will It Mirror Bitcoin, XRP & BNB’s Rally?
TRON's price action is heating up—flirting with levels not seen since its 2018 peak. Can Justin Sun's brainchild ride the coattails of Bitcoin's dominance, XRP's legal clarity, and BNB's exchange-fueled momentum?
Market psychology at work: Retail FOMO meets institutional hedging. The usual suspects (whales, derivatives flows) are lurking, but TRON's decentralized content ecosystem adds a wildcard narrative.
Warning: Past performance ≠ future results—especially when 80% of 'breakout calls' come from influencers holding bags. The charts don't lie, but some Twitter threads do.
When Could TRON Hit A New All-Time High?
TRX is currently up 2.2% in the daily charts, as CoinGecko reveals, 5.7% in the weekly charts, 10.9% in the 14-day charts, 19.1% in the monthly charts, and 141.9% since July 2024. TRX’s rally follows the general market bullish wave we have seen over the last few weeks.
TRON’s rally is likely due to a market-wide resurgence. There is ample FOMO (Fear Of Missing Out) among investors. Retail players may be entering the market after a substantial period of hibernation. The market rally was initially driven by increased institutional inflows into crypto-based ETFs and corporate buys.
TRX’s rally also came after the US House of Representatives passed the GENIUS, Clarity, and anti-CBDC bills and acts. The MOVE may have boosted investor sentiment. Many expect a clearer regulatory oversight in the US over this year.
TRON (TRX) could hit a new all-time high if it continues its current upward momentum. The asset could face a correction if investors decide to book profits, or if ETF inflows slow down. ETFs have been the highlight of the crypto market over the last few months. ETF inflows did not stop even during times of distress, like the Israel-Iran conflict. Going by that pattern, the ETF inflows may continue to grow over the coming months. BTC facing a correction is another factor that could bar TRON’s (TRX) rise to a new all-time high.
