bullish

Solana

TRON

Chainlink

Divergence

<ul class="wp-block-list">
 <li>TRON has factored in an additional price increase of 3.52% in the last 24 hours.</li>
 <li>The altcoin’s daily trading volume has surged by 121.92% as per CMC data.</li>
</ul>
The crypto market has remained fairly bullish this past day. While certain altcoins followed Bitcoin into price breakouts, others including some leading altcoins have shown price drops. For instance, Solana and Chainlink showed initial downward movements. Meanwhile, Tron Network’s TRX has maintained its bullish movements.&nbsp;
In the past day, TRON has factored in a 3.52% additional price increase. This is the token’s second consecutive day of bullish movements after its significant drop last week. On December 4, TRON hit a new all-time high of $0.4407 amid the bullish market.&nbsp;
However, in the following days, it fell to the support level of $0.24 much to investors’ surprise. In the past few days, the cryptocurrency has begun climbing upwards once again, thus showing recovery signs. At the time of writing, TRON was trading at $0.2909 as per CMC <a href="https://coinmarketcap.com/currencies/tron/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Zooming out, over the past week, TRON price shows a 5.10% increase as the token attempts to reclaim its bull run. At the week’s beginning, it was trading at a low of $0.26 after which it climbed to current levels. The altcoin’s weekly high stands at $0.3094 as per its charts.&nbsp;
<h3 class="wp-block-heading" id="h-can-tron-price-reclaim-its-all-time-high-nbsp">Can TRON Price Reclaim its All-Time High?&nbsp;</h3>
Analyzing Tron’s technical indicators, the Moving Average Convergence Divergence (MACD) signal line still resides below the MACD line. This is an indication of a negative sentiment. However, its RSI stands at 56.18 suggesting a neutral market sentiment as per TradingView <a href="https://www.tradingview.com/symbols/TRXUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd-XujMKAPLyulSnxkPDBZ6q_tn9W-bsX3k5lUL2G49pvLjsdYwyz1DqmivDCHf80cMIZdxQbm_jqzzAhZO9XYmM6fiig8irq_m8jVovL24wFvCGXCXP532z1jSFwjDMKeRzwn7mw?key=LqQWdtV_FjCRnfxzxm-8C7c2" alt="">
 <figcaption class="wp-element-caption">TRX/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/TRXUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
This, when jointly interpreted with the current recovery signs can be suggestive of TRON’s reclaiming its bull run in the coming days. In the case of a bull run, TRON might face resistance at $0.3010 and $0.3290.&nbsp;
Furthermore, the Tron Network has seen several advancements these past few months. Recently, the network hit a new high in <a href="https://thenewscrypto.com/tron-network-achieves-annual-peak-with-7-99-million-daily-transactions/" target="_blank" rel="noopener noreferrer nofollow">daily transactions</a> in the month of August. Additionally, the network also <a href="https://thenewscrypto.com/tron-network-sees-explosive-170-revenue-growth-in-2024/" target="_blank" rel="noopener noreferrer nofollow">reported</a> a significant 170% growth in annual revenue.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/is-wazirx-recovery-token-rt-just-another-misleading-promise/" target="_blank" rel="noopener noreferrer nofollow">Is WazirX Recovery Token (RT) Just Another Misleading Promise?</a>

TRON Signals Price Recovery After Recent Price Dip to $0.24

Table of Contents

TheNewsCrypto

Other articles published on Dec 17, 2024

Binance's 62nd Launchpool Project: What Is Vana?

FCA warns UK citizens to avoid Solana-based memecoin

Semler Scientific Expands Financial Moves with Bitcoin

Pudgy Penguins Launches $PENGU Token Airdrop Amid Market Excitement

Don’t miss the holiday rally – discover 5 altcoins to watch for explosive x250 growth

YouTube Unblocked: Access and Watch Videos Anywhere Safely

Join our free newsletter for daily crypto updates!