Tron has surged over 100% in just 24 hours, hitting an all-time high and capturing widespread attention. This dramatic rally sparked bullish sentiment among crypto investors, fueling hopes for even greater milestones in an already heated market.
Crypto analyst Javon Mar described the current uptrend as Tron's "historic bullish move," hinting at potential further momentum toward $1.10. Another analyst noted that since 2018, TRX has initiated a significant market dominance pattern compared to other altcoins, suggesting Tron is still in the early stages of a promising journey.
Altcoin Market on Fire
- Cardano recently surpassed the $1 mark after a 200% rally.
- XRP broke the $2.50 resistance following a 300% surge.
- TRX, Tron’s native token, climbed 104% to a seven-year high, peaking at $0.45 after starting the day at $0.22.
This rally propelled Tron into the top 10 cryptocurrencies by market cap (over $36 billion), outperforming competitors like Toncoin (TON) and Avalanche (AVAX). Founder Justin Sun celebrated this milestone on X, emphasizing Tron’s industry resilience.
Key Levels to Watch
- Support: $0.33 (Team LAMBO’s caution zone)
- Resistance: $0.42 (breakout could target $0.60)
- Bearish Invalidation: Drop below $0.33
A potential "massive bull flag" is forming on the 15-minute chart, with the lower trendline around $0.35–$0.36. Analysts speculate that retesting previous highs as support might push TRX to $0.50.
👉 Why Tron’s Rally Could Just Be the Beginning
FAQ
What caused Tron’s sudden price surge?
The combination of bullish market sentiment, altcoin season momentum, and technical breakouts drove TRX’s 100% gain.
Is Tron a good investment now?
While the uptrend is strong, experts advise caution near $0.33. Breakouts above $0.42 may signal further gains.
How does Tron compare to other altcoins?
TRX outperformed Cardano and XRP in percentage gains recently, entering the top 10 by market cap.
Current Status: TRX trades at $0.33, up 80% weekly and 116% monthly.
👉 Expert Insights on Tron’s Next Move
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