{"id":1451,"date":"2024-12-05T18:00:34","date_gmt":"2024-12-05T18:00:34","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/tron-trx-leads-the-crypto-market-with-100-rally-to-new-ath-0-5-next\/"},"modified":"2024-12-05T18:00:34","modified_gmt":"2024-12-05T18:00:34","slug":"tron-trx-leads-the-crypto-market-with-100-rally-to-new-ath-0-5-next","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/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

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 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 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

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 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,<\/p>\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. Tron Hits New ATH After 7 Years As Bitcoin (BTC) continues moving sideways between the $94,000-$96,00 price range,…<\/p>\n","protected":false},"author":1,"featured_media":1452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[79,23,36,42,83,72,47,261,22,987,195,1132,1133,748,70],"class_list":["post-1451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-ada","tag-altcoins","tag-bitcoin","tag-btc","tag-cardano","tag-crypto-analyst","tag-crypto-market","tag-crypto-trader","tag-cryptocurrency-market-news","tag-justin-sun","tag-tron","tag-tron-trx","tag-tron-blockchain","tag-trx-price","tag-xrp"],"_links":{"self":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/1451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=1451"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/1451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/1452"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=1451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=1451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=1451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}