Tron Price Records 33 Months High! Will TRX Token Surge To $0.2 In Q1?

The post Tron Price Records 33 Months High! Will TRX Token Surge To $0.2 In Q1? appeared first on Coinpedia Fintech News

The Tron (TRX) token continues to display a significant uptrend in its valuation by jumping over 2.5% within the last 24 hours and adding approximately 10% over the past week.

At the time of writing, the Year-to-Date (YTD) returns stand at 30.29%, indicating a strong bullish influence for TRX tokens in the crypto space. With this, the TRX price is predicted to achieve a new high in the upcoming months.

TRX Token To Hit $0.15 Soon

Justin Sun’s Tron token traded in a closed range for a brief period, but as the market volatility grew, the price recorded an upswing of 8.5% in valuation. The price then displayed a neutral trend for a while but continued to trade with the support of the EMA 50-day.

The TRX token displayed a constant rise and added 9.23% over five days, after which the price faced rejection and traded sideways for the next six days. Following multiple failed attempts, the bulls broke out of the resistance level and jumped 10.4%.

TradingView: TRX/USDT

After facing rejection at $0.13938, the price traded sideways for a while. Recently, the bulls broke out of the resistance level, indicating a bullish influence in the crypto industry.

The Moving Average Convergence Divergence (MACD) displays a rising green histogram, with its averages recording a bullish convergence, indicating the Tron price will continue gaining value in the coming time.

Will Tron Reach $1?

With the current bullish influence in the market, the price is predicted to record a jump of 7% and test its $0.15 in the coming days. Further, if the market sentiments favor the bulls, the TRX price may reach a high of $0.25 by the year-end.

Conversely, a trend reversal or a regulatory issue may pull back the price to $0.13265 in the upcoming weeks.