bullish

2024

Daily

Coin

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<h2 id="what-is-happening">What is happening</h2>
<p dir="ltr">This past week, Tron (TRX) achieved a significant milestone by becoming the 10th-largest cryptocurrency on Sept. 16, surpassing Cardano (ADA).</p>
<p dir="ltr">TRX saw its first price increase since October 2022, reaching a new high of $0.153 on Friday. However, a minor correction ensued, bringing the price just below $0.152.</p>
<p dir="ltr">Currently, TRX is struggling to break through the $0.152 resistance level, but a successful move past this barrier could signal further upward momentum.</p> <img src="https://u.today/sites/default/files/inline-images/TRX_7D_graph_coinmarketcap.jpeg" data-entity-uuid="4a80654b-2a66-4b0f-9c57-d113929b2e2d" data-entity-type="file">
<h2 id="top-three-token-in-2025">Top three token in 2025?</h2>
<p dir="ltr">Tron founder Justin Sun recently <a href="https://u.today/justin-sun-issues-epic-tron-trx-prediction-for-2025" rel="noopener noreferrer nofollow">expressed</a> a bullish outlook on TRX, predicting that it will soon rank among the top three digital currencies by market capitalization.</p>
<p dir="ltr">In an interview with Altcoin Daily, Sun pointed to Tron’s rapid development as a key driver of its competitive edge against market leaders Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB).</p>
<p dir="ltr">Sun highlighted that, compared to seven years ago, his current optimism is grounded more in Tron’s evolution and realistic prospects rather than mere ambition. He believes the protocol is well-positioned to challenge the top cryptocurrencies in the near future.</p>
<blockquote>
 <p lang="en" dir="ltr">"I believe <a href="https://twitter.com/hashtag/Tron?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Tron</a> will become a top 3 cryptocurrency in the next 2 years" - Justin Sun <a href="https://t.co/HDg3FddkXP" rel="noopener noreferrer nofollow">pic.twitter.com/HDg3FddkXP</a></p>— Altcoin Daily (@AltcoinDailyio) <a href="https://twitter.com/AltcoinDailyio/status/1835532247996436949?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 16, 2024</a>
</blockquote>
<h2 id="trx-price-prediction">TRX price prediction</h2>
<p dir="ltr">Tron's price has been in decline since Aug. 25, forming a descending channel marked by lower highs and lower lows.</p>
<p dir="ltr">Open Interest (OI), which reflects the number of unsettled futures or options contracts, has also been trending downward after peaking at $191 million on Aug. 21.</p>
<p dir="ltr">However, the current seven-day average for TRX's OI is at $214 million, suggesting a possible shift.</p> <img height="416" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeu9lP2bH9KFhoxjl-gqzfNmmXu9g-kOj2lteolHdHaH6ar8moDn2H1PouFzayuSBxTvWeq-tWf05UumnI8L_vd0v77IvdkvfIax3oDyM-bIvNG5x7YS89KBveN6g0XhxbmGGkd6Q6Cm_1mEhGWdMSwu8iO?key=ESewA7sIS0asT9TDsEgj4A" width="624">Source: <a href="https://app.intotheblock.com/coin/TRX/tron/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
<p dir="ltr">If market sentiment improves and demand for TRX increases, the price could break through resistance, potentially targeting its recent high of $0.17.</p>
<p dir="ltr">This would signal a reversal of the ongoing downtrend and could lead to renewed bullish momentum.</p>
<p dir="ltr">The relative strength index (RSI) is at 69.68 and signals "Sell." The future of the TRX price for October is likely to be defined in the next several days.</p>

Tron (TRX) Price Is Bullish, but There's Catch

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