Cardano

bullish

Toncoin

Avalanche

<a href="https://yellow.com/asset/trx">Tron</a> has captured significant attention after skyrocketing over 100% in just 24 hours, reaching an all-time high (ATH). Its dramatic rise has sparked a bullish sentiment among crypto investors, instilling hope for even higher targets amid a fervent market atmosphere. 
Crypto analyst Javon Mar <a href="https://x.com/JavonTM1/status/1863990245017993244">described</a> the current upswing as a “historical bullish move” for Tron, suggesting the potential for continuing the upward trajectory to the $1.1 mark. Another analyst observed that TRX had initiated a significant pattern from 2018 in terms of market dominance over other altcoins, indicating that Tron is in the early stages of a promising run. 
Various altcoins are experiencing substantial increases recently. Cardano recently surpassed the $1 threshold following a 200% rally, and XRP broke past the $2.5 resistance with a 300% upward surge. TRX, the native token of the Tron Blockchain, <a href="https://www.newsbtc.com/news/tron-trx-leads-the-crypto-market-with-100-rally-to-new-ath-0-5-next/">climbed</a> an impressive 104% within the day, marking a new ATH after nearly seven years. The token leaped from a daily low of $0.22 to reach $0.29, surpassing its prior peak of $0.23. 
The momentum continued unabated, with TRX breaking through the $0.30 level to a fresh ATH of $0.45 on Tuesday night. 
This surge lifted Tron into the top ten crypto rankings, overtaking rivals such as Toncoin (TON) and Avalanche (AVAX) in market capitalization, which exceeded $36 billion according to CoinMarketCap. Tron’s founder, Justin Sun, commented on this achievement in an X post, underlining Tron’s persistence in the industry. 
There is speculation about testing the previous ATH and using it as support might drive TRX to $0.50. However, Team LAMBO has urged caution at the $0.33 level. The analyst pointed out the likelihood of a "massive bull flag" forming on the 15-minute chart, with the lower trendline ranging between $0.35-$0.36. A move above $0.42 could reach the $0.60 barrier, while faltering below $0.33 would invalidate the pattern. 
Currently trading at $0.33, TRX has witnessed an impressive nearly 80% increase over the past week and a 116% surge throughout the month.

Tron Smashes Previous Records: Is $0.50 Within Reach?

Yellow News

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