TRX Explodes with $2 Billion Trading Surge, What’s Driving Tron’s Wild Ride?
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Billionaire Justin Sun has triggered significant growth for Tron following a series of posts on X (formerly Twitter), but how high can TRX crypto go?
In this article, jump in and discover the latest TRX price trends and uncover whether there could be a stronger play available in the August crypto market – Pepe Unchained.
$TRX Tron is about to make a NEW all time high, and people think we are in a bear market.
Ok. pic.twitter.com/Zxe20mv2dM
The huge increase in TRX price, as it pushes towards a new all-time high, comes from a fleeting Tron meme coin narrative – triggered after crypto billionaire Justin Sun launched a Pump.Fun clone named Sun Pump.
As TRX consolidates in prime position, Tron is currently trading at a market price of $0.155 (representing a 24-hour change of +1.23%).
This comes after sweeping sudden market interest fuelled explosive growth for TRX over the past week.
So far, TRX has surged +37.5 % after bouncing from lower support at $0.1215.
The upside move saw TRX’s price successfully break back above the critical local support of the 20DMA at $0.1334 in a significant technical strengthening that boosted Tron’s growth.
Tron price is now hammering the upside of the Bollinger band range, suggesting substantial buy-pressure, as TRX consolidates below a potential new ATH.
Overall, the current technical structure depicts a bullish pendant pattern, suggesting the upside is likely to continue.
However, with the move powered by a potentially fleeting narrative (after all, Tron gas fees are high, and Sun can only command the
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