<p>The Tron project has displayed an impeccable price performance this year. Further, with increased adoption and the launch of a unique and exciting project on its blockchain, its native token “TRX” has outperformed major cryptocurrencies over the past few months.</p>  
<p>However, with rising uncertainty in the crypto space, this altcoin has experienced a neutral action over the past few weeks. Considering the fundamentals of this project, is Tron still a good investment for the upcoming crypto bull run?</p>  
<h2 class="wp-block-heading" id="h-trx-coin-breaks-its-important-support-level">TRX Coin Breaks Its Important Support Level!</h2>  
<p>With a 24-hour trading volume of $320.36 million, the Tron token has dropped ~2%. Furthermore, it has plunged 1.38% over the past week. This indicates a weak buying-and-selling pressure for the altcoin in the crypto market.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/05174453/image-59-1024x540.png" alt="Tron Price Analysis 05th November 2024" class="wp-image-376175">
 <figcaption class="wp-element-caption">
  TradingView: TRX/USDT
 </figcaption>
</figure>  
<p>On the other hand, it has recorded a jump of ~5% during the past 30 days and has rewarded its old investors with a YTD return of over 50%. This highlights a long-term bullish sentiment for it in the crypto space.</p>  
<h2 class="wp-block-heading" id="h-tron-technical-analysis">Tron Technical Analysis</h2>  
<p>The Simple Moving Average (SMA) has experienced a bearish convergence in the 1D time frame. This suggests an increase in the selling pressure for the 9th largest crypto project.</p>  
<p>Moreover, the RSI indicator has failed to breach the overbought range in the Tron price chart with its average trendline recording a negative crossover. This has resulted in it experiencing a sharp plunge toward its halfway mark.</p>  
<h2 class="wp-block-heading" id="h-will-trx-price-hit-a-new-yearly-high-this-q4">Will TRX Price Hit A New Yearly High This Q4?</h2>  
<p>If the bears continue gaining momentum, the TRX coin price will plunge toward its support trendline of $0.1525 during the upcoming time. Moreover, if the bearish sentiment intensifies, this could result in it dropping toward its important support zone around the $0.140 mark.</p>  
<p>Suppose, a bullish reversal occurs, this could result in the TRON token retesting its resistance level of $0.1760. Maintaining the price above that level could set the stage for it to potentially head toward its upper resistance level of $0.190 this year.</p>  
<p>Wondering about the long-term prospects of this altcoin? Read our <a href="https://coinpedia.org/price-prediction/trx-tron-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Tron (TRX) Price Prediction</a> article!</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1730808842743"><strong class="schema-faq-question"><strong>Is TRX a good investment?</strong></strong>
  <p class="schema-faq-answer">Tron project has a high scalability, which makes it one of the top picks for the long-term perspective.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1730808843659"><strong class="schema-faq-question"><strong>What is the price of TRON today?</strong></strong>
  <p class="schema-faq-answer">At the time of writing, the price of 1 TRX coin was $0.1620.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1730808844315"><strong class="schema-faq-question"><strong>How much will TRX be worth in 2025?</strong></strong>
  <p class="schema-faq-answer">If the market favors the bulls, the Tron coin could potentially achieve a high of $0.330 in 2025.</p>
 </div>
</div>

What Will Tron (TRX) Price Hit First, $0.1760 or $0.1525?

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