Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Tron Reaches ATH: Is $0.234 Just the Beginning for TRX?
Altcoins

Tron Reaches ATH: Is $0.234 Just the Beginning for TRX?

2024-12-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • TRX’s trading volume increased along with its price.
  • Technical indicators pointed to a continued price increase.

Tron [TRX] has made headlines again as it recently hit an all-time high (ATH) as robust trading activity supported the development.

With this new ATH, TRX moves closer to entering the top 10 list. Will be able to flip TRX Avalanche [AVAX] and claim the 10th spot, or will it be subject to a pullback first?

Tron hits an ATH!

Tron bulls pushed the token price up by more than 28% last week. In the last 24 hours alone, TRX rose over 16% to reach an all-time high of over $0.234.

Currently, the market cap difference between TRX and AVAX is approximately $1 billion. If TRX continues its upward movement, it could surpass AVAX and become the 10th largest cryptocurrency by market capitalization.

Will TRX keep pumping?

To assess the likelihood of TRX continuing its bull run, AMBCrypto analyzed the token’s on-chain metrics.

According to Santiment’s data, TRX’s trading volume has increased significantly alongside its price. An increase in volume during a bull run further strengthens the upward momentum.

The recent price increase also positively impacted the token’s social metrics. For example, social dominance remained high, reflecting TRX’s popularity in the crypto space.

However, despite reaching an ATH, TRX’s weighted sentiment fell shortly afterwards, indicating rising bearish momentum.

TRX volume increasedTRX volume increased

Source: Santiment

Nevertheless, the token’s derivative metrics seemed optimistic. Mint glass’ facts revealed that Tron’s funding rate increased. A rising funding rate in crypto indicates that the market is bullish and traders expect prices to rise.

See also  Why Bitcoin Isn't Threatened by a Rising Dollar

This is because traders who believe prices will rise are willing to pay extra to maintain their long positions.

TRX Funding RateTRX Funding Rate

Source: Glassnode

The technical indicator On Balance Volume (OBV) recorded an increase, indicating that trading volume on days with positive price movements exceeded the volume on days with negative price movements.

TRX’s MACD also showed a clear bullish advantage, indicating continued price appreciation. However, Tron’s Relative Strength Index (RSI) entered overbought territory.

This could motivate investors to sell, which could in turn push the price of TRX down.

Source: TradingView


Read TRONs [TRX] Price prediction 2024-25


Interestingly, as TRX reached new highs, network activity also saw an increase. Artemis data shows a sharp increase in TRX’s daily active addresses.

A similar upward trend was also noticed in the daily transaction chart. This meant that the new ATH was realized thanks to the support of increasing network activity.

Source: Artemis

Next: The Shiba Inu network is growing: continued growth or temporary hype?

Source link

#TRX ATH Beginning Reaches Tron
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

2025-05-18

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Cryptopunks lead the Top NFT sales in January 2025

2025-02-02

Bitcoin Traders Take a Step Back: Options OI Sees Historic Drop as Market Sentiment Sours

2025-01-10

Will Fantom’s Bullish Breakout Lead to New All-Time Highs?

2024-10-09
Editors Picks

Binance CEO Disputes JPMorgan Chief’s Criticism of Crypto

2023-12-07

A suite of crypto legislation passed the House Financial Services Committee this week

2023-07-29

Crypto Trader Says AI Altcoin Close to New All-Time Highs After Perfect Retest

2023-12-22

Dogecoin competitor that, according to analyst, has risen more than 150,000% in ten months on the cusp of a new uptrend

2024-09-27
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

All the reasons why the price of Bitcoin could be set for an explosive rally

XRP – Price is struggling to keep the ground – breakdown or breathing break?

Ethereum revise the market signs of December 2024 – This is what it means for you

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,889.08-0.69%
  • ethereumEthereum(ETH)$2,407.69-3.92%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.31-3.36%
  • binancecoinBNB(BNB)$638.61-0.99%
  • solanaSolana(SOL)$161.86-4.68%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.218288-1.19%
  • cardanoCardano(ADA)$0.72-4.58%
  • tronTRON(TRX)$0.264234-3.16%
  • suiSui(SUI)$3.71-3.42%
  • chainlinkChainlink(LINK)$15.15-3.33%
  • avalanche-2Avalanche(AVAX)$21.66-5.78%
  • stellarStellar(XLM)$0.280662-3.65%
  • hyperliquidHyperliquid(HYPE)$26.07-2.65%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.87%
  • hedera-hashgraphHedera(HBAR)$0.188178-2.97%
  • unus-sed-leoUNUS SED LEO(LEO)$8.57-1.19%
  • bitcoin-cashBitcoin Cash(BCH)$382.97-4.14%
  • the-open-networkToncoin(TON)$3.04-2.36%
  • litecoinLitecoin(LTC)$95.70-2.62%
  • polkadotPolkadot(DOT)$4.50-4.87%
  • moneroMonero(XMR)$343.02-0.14%
  • bitget-tokenBitget Token(BGB)$5.02-2.44%
  • pepePepe(PEPE)$0.0000130.47%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-1.04%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.79-2.57%
  • bittensorBittensor(TAO)$399.61-6.88%
  • nearNEAR Protocol(NEAR)$2.71-1.99%
  • aaveAave(AAVE)$218.29-3.68%
  • okbOKB(OKB)$51.93-2.22%
  • aptosAptos(APT)$4.93-5.04%
  • ondo-financeOndo(ONDO)$0.90-3.48%
  • kaspaKaspa(KAS)$0.106002-4.75%
  • internet-computerInternet Computer(ICP)$5.06-3.31%
  • ethereum-classicEthereum Classic(ETC)$17.71-3.65%
  • gatechain-tokenGateToken(GT)$21.42-0.89%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.67-2.97%
  • crypto-com-chainCronos(CRO)$0.095050-3.92%
  • mantleMantle(MNT)$0.73-0.07%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232397-2.22%
  • vechainVeChain(VET)$0.027340-3.46%
  • render-tokenRender(RENDER)$4.42-4.62%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.356097-6.59%
  • filecoinFilecoin(FIL)$2.78-2.85%
  • cosmosCosmos(ATOM)$4.72-0.94%
  • algorandAlgorand(ALGO)$0.214525-2.75%
  • bitcoinBitcoin(BTC)$102,889.08-0.69%
  • ethereumEthereum(ETH)$2,407.69-3.92%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.31-3.36%
  • binancecoinBNB(BNB)$638.61-0.99%
  • solanaSolana(SOL)$161.86-4.68%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.218288-1.19%
  • cardanoCardano(ADA)$0.72-4.58%
  • tronTRON(TRX)$0.264234-3.16%
  • suiSui(SUI)$3.71-3.42%
  • chainlinkChainlink(LINK)$15.15-3.33%
  • avalanche-2Avalanche(AVAX)$21.66-5.78%
  • stellarStellar(XLM)$0.280662-3.65%
  • hyperliquidHyperliquid(HYPE)$26.07-2.65%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.87%
  • hedera-hashgraphHedera(HBAR)$0.188178-2.97%
  • unus-sed-leoUNUS SED LEO(LEO)$8.57-1.19%
  • bitcoin-cashBitcoin Cash(BCH)$382.97-4.14%
  • the-open-networkToncoin(TON)$3.04-2.36%
  • litecoinLitecoin(LTC)$95.70-2.62%
  • polkadotPolkadot(DOT)$4.50-4.87%
  • moneroMonero(XMR)$343.02-0.14%
  • bitget-tokenBitget Token(BGB)$5.02-2.44%
  • pepePepe(PEPE)$0.0000130.47%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-1.04%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.79-2.57%
  • bittensorBittensor(TAO)$399.61-6.88%
  • nearNEAR Protocol(NEAR)$2.71-1.99%
  • aaveAave(AAVE)$218.29-3.68%
  • okbOKB(OKB)$51.93-2.22%
  • aptosAptos(APT)$4.93-5.04%
  • ondo-financeOndo(ONDO)$0.90-3.48%
  • kaspaKaspa(KAS)$0.106002-4.75%
  • internet-computerInternet Computer(ICP)$5.06-3.31%
  • ethereum-classicEthereum Classic(ETC)$17.71-3.65%
  • gatechain-tokenGateToken(GT)$21.42-0.89%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.67-2.97%
  • crypto-com-chainCronos(CRO)$0.095050-3.92%
  • mantleMantle(MNT)$0.73-0.07%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232397-2.22%
  • vechainVeChain(VET)$0.027340-3.46%
  • render-tokenRender(RENDER)$4.42-4.62%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.356097-6.59%
  • filecoinFilecoin(FIL)$2.78-2.85%
  • cosmosCosmos(ATOM)$4.72-0.94%
  • algorandAlgorand(ALGO)$0.214525-2.75%