Summary
The Tron (TRX) price has reached a new 1,000-day high, increasing by almost 30% in 2024. The price has broken out from a resistance area and faces only one more resistance before reaching its all-time high. The weekly Relative Strength Index (RSI) is bullish, indicating a favorable trend. Analysts are positive about the future trend of TRX and believe it will continue to increase. The daily chart supports the continuation of the price increase, with a potential high of $0.140. However, a rejection at the current level could lead to a 15% drop. This article is for informational purposes only and not financial advice.
Key Points
1. The Tron (TRX) price has reached a new 1,000-day high in 2024, showing a significant increase in value.
2. The TRX price has experienced an accelerated rate of increase twice in the past two years, leading to speculation about whether it will happen again.
3. Technical analysis and wave count suggest that TRX could reach a high of $0.140, close to its 2021 top, indicating a bullish trend for the cryptocurrency.