In this article:
- TRON price increases by 20% in a week, showing strong growth.
- TRON overtakes Solana in meme coin trading with its Sunpump platform.
- Market signals show that TRON may continue to rise.
The price of TRON (TRX) has jumped by more than 20% in just one week. This sharp rise shows that many people have confidence in TRON. The price is rising rapidly and it may continue to rise.
TRON Beats Solana in Meme Coin Trading
TRON has now overtaken Solana as the top network for meme coin trading. This happened after TRON launched its new platform, Sunpump, which quickly became popular. Many traders are choosing TRON over Solana for meme coin trading.
Bluechip$SunDog is one of the most popular cryptocurrencies on the TRON platform. Its value is $189 million, which is huge for TRON. However, it remains modest compared to the entire cryptocurrency market.
TRON trading volume dropped 30.06% to $498.46 million, but open interest increased 3.93% to $191.85 million. This means that more traders are holding their positions, showing their confidence in TRON.
TRON Price Could Hit $0.20 Soon
Over the past 24 hours, the price of TRON has increased by 5%, ranging between $0.154 and $0.163. At present, TRX is hovering around $0.1615. If the current trend continues, TRON could soon reach $0.20 and could even go higher.
Market signals are positive. The MACD is showing a stronger bullish movement and the RSI is at 63, indicating strong buying interest.
Possible challenges ahead
Even if things seem to be going well, difficulties could arise. If the market moves, the price of TRON could remain around $0.16. If things go wrong, it could drop to $0.15 or even $0.13.
Look forward to
TRON’s 20% surge in a week and its success in meme coin trading show strong growth. If the trend continues, TRON could reach $0.20 and possibly higher. But traders should watch for any changes that could slow the rise.
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