{"id":657598,"date":"2024-12-05T13:00:59","date_gmt":"2024-12-05T13:00:59","guid":{"rendered":"https:\/\/ktsl888.com\/?p=657598"},"modified":"2024-12-04T18:38:35","modified_gmt":"2024-12-04T18:38:35","slug":"tron-trx-leads-the-crypto-market-with-100-rally-to-new-ath-0-5-next","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/tron-trx-leads-the-crypto-market-with-100-rally-to-new-ath-0-5-next\/","title":{"rendered":"Tron (TRX) Leads The Crypto Market With 100% Rally To New ATH, $0.5 Next?"},"content":{"rendered":"

Tron (TRX) joined the crypto market\u2019s rally by jumping over 100% in 24 hours to a new all-time high (ATH). Its surge ignited a bullish sentiment among crypto investors and market watchers, fueling optimism for higher targets.<\/p>\n

Related Reading: Bitcoin (BTC) Crashes 33% In South Korea Amid Increasing Political Turmoil<\/a><\/div>\n

Tron Hits New ATH After 7 Years<\/h2>\n

As Bitcoin (BTC) continues moving sideways between the $94,000-$96,00 price range, many altcoins have started recording massive rallies. Cardano (ADA) recently<\/a> reclaimed the $1 mark in a 200% rally, while XRP soared above the $2.5 resistance on a 300% surge.<\/p>\n

Yesterday, TRX, the native token of the Tron Blockchain, soared 104% intraday to hit its news ATH in nearly seven years. The token moved from its daily low of $0.22 to the $0.29 mark, surpassing its previous high of $0.23.<\/p>\n

The rally continued with another jump above the $0.30 barrier before climbing to its latest ATH<\/a> of $0.45 on Tuesday night. The surge saw the cryptocurrency flip some crypto rivals, sending Tron back into the top ten crypto list.<\/p>\n

According to CoinMarketCap data<\/a>, TRX\u2019s market capitalization hit over $36 billion, surpassing Toncoin (TON) and Avalanche (AVAX) by this metric. Tron founder Justin Sun highlighted the feat in an X post<\/a>:<\/p>\n

\n

6 years later. Still here. Still #BUIDLing. Things have changed, but one thing hasn\u2019t: #TRON remains a top 10 contender.<\/p>\n<\/blockquote>\n

Since then, Tron has retraced around 20%, hovering above the $0.35-$0.36 zone before falling to the $0.33 mark. Despite the retrace, TRX remained the leading cryptocurrency, with 20% gains in the last 24 hours.<\/p>\n

TRX\u2019s Rally To Continue?<\/h2>\n

As TRX\u2019s price surged, crypto analyst Javon Mar stated<\/a> that Tron was \u201cHEAVILY on what can be soon noted as a historical bullish move.\u201d He also suggested that the cryptocurrency\u2019s price was \u201cfar from done,\u201d forecasting another massive rally to the $1.1 area.<\/p>\n

Similarly, another analyst noted<\/a> that TRX has \u201cfinally triggered a MEGA setup from all the way back in 2018 on its dominance chart\u201d against all other Altcoins. And added that Tron has \u201cbarely put its running shoes on.\u201d<\/p>\n

Related Reading: Solana (SOL) Could See A Correction Despite Historic Monthly Close, $400 Still On Sight?<\/a><\/div>\n

The analyst also signaled that a test of the previous ATH was possible as a retest of that level as support could propel the token to $0.50. However, Team LAMBO advised<\/a> to watch out for the $0.33 level.<\/p>\n

The analyst stated that Tron was possibly \u201ccooking a massive bull flag on the 15-minute timeframe,\u201d with the bottom trendline between the $0.35-$0.36 price range. A breakout<\/a> above $0.42 could target the $0.60 barrier while breaking down the pattern and losing the $0.33 support would invalidate it.<\/p>\n

As of this writing, TRX is trading at $0.33, a nearly 80% surge in the past seven days and a 116% monthly jump.<\/p>\n

\"Tron,
Tron’s performance in the one-week chart. Source: TRXUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Tron (TRX) joined the crypto market\u2019s rally by jumping over 100% in 24 hours to a new all-time high (ATH). Its surge ignited a bullish sentiment among crypto investors and market watchers, fueling optimism for higher targets. Related Reading: Bitcoin (BTC) Crashes 33% In South Korea Amid Increasing Political Turmoil Tron Hits New ATH After 7 Years As Bitcoin (BTC) continues moving sideways between the $94,000-$96,00 price range, many altcoins have started recording massive rallies. Cardano (ADA) recently reclaimed the $1 mark in a 200% rally, while XRP soared above the $2.5 resistance on a 300% surge. Yesterday, TRX, the native token of the Tron Blockchain, soared 104% intraday to hit its news ATH in nearly seven years. The token moved from its daily low of $0.22 to the $0.29 mark, surpassing its previous high of $0.23. The rally continued with another jump above the $0.30 barrier before climbing to its latest ATH of $0.45 on Tuesday night. The surge saw the cryptocurrency flip some crypto rivals, sending Tron back into the top ten crypto list. According to CoinMarketCap data, TRX\u2019s market capitalization hit over $36 billion, surpassing Toncoin (TON) and Avalanche (AVAX) by this metric. Tron founder Justin Sun highlighted the feat in an X post: 6 years later. Still here. Still #BUIDLing. Things have changed, but one thing hasn\u2019t: #TRON remains a top 10 contender. Since then, Tron has retraced around 20%, hovering above the $0.35-$0.36 zone before falling to the $0.33 mark. Despite the retrace, TRX remained the leading cryptocurrency, with 20% gains in the last 24 hours. TRX\u2019s Rally To Continue? As TRX\u2019s price surged, crypto analyst Javon Mar stated that Tron was \u201cHEAVILY on what can be soon noted as a historical bullish move.\u201d He also suggested that the cryptocurrency\u2019s price was \u201cfar from done,\u201d forecasting another massive rally to the $1.1 area. Similarly, another analyst noted that TRX has \u201cfinally triggered a MEGA setup from all the way back in 2018 on its dominance chart\u201d against all other Altcoins. And added that Tron has \u201cbarely put its running shoes on.\u201d Related Reading: Solana (SOL) Could See A Correction Despite Historic Monthly Close, $400 Still On Sight? The analyst also signaled that a test of the previous ATH was possible as a retest of that level as support could propel the token to $0.50. However, Team LAMBO advised to watch out for the $0.33 level. The analyst stated that Tron was possibly \u201ccooking a massive bull flag on the 15-minute timeframe,\u201d with the bottom trendline between the $0.35-$0.36 price range. A breakout above $0.42 could target the $0.60 barrier while breaking down the pattern and losing the $0.33 support would invalidate it. As of this writing, TRX is trading at $0.33, a nearly 80% surge in the past seven days and a 116% monthly jump. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":639630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,142,428,1119,12332,26263,10923,89756,12098,11808,87109,91324,86464,4531],"class_list":["post-657598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-altcoins","tag-bitcoin","tag-btc","tag-cardano","tag-crypto-analyst","tag-crypto-market","tag-crypto-trader","tag-justin-sun","tag-tron","tag-tron-trx","tag-tron-blockchain","tag-trx-price","tag-xrp"],"acf":[],"yoast_head":"\nTron (TRX) Leads The Market With Rally To New ATH, $0.5 Next?<\/title>\n<meta name=\"description\" content=\"Tron (TRX) has hit a new ATH of $0.45 after seven years, fueling optimism about a rally 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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