Unmissable trading opportunity on TRON today
In the world of cryptocurrency, Tron (TRX) is making waves. The digital asset has shown resilience over the past few months, with a significant surge of 8% on July 29 following its entry into Nasdaq. This move seems to have had an effect on investors, as Tron's Social Dominance is gaining momentum.
Tron is poised to hit a new All-Time High (ATH) soon, with technical analysis and trading strategies suggesting a realistic new ATH for TRX in 2025 to be near $0.73 to $0.75. This is below the previous ATH near $0.30, yet these forecasts are about new peaks during this period.
The potential gains for the TRX trade are substantial. The recommended leverage for the trade is x5, with the first take profit level at $0.45, the second at $0.60, and the third at $0.8. The potential support level in the long term is at $0.277.
The variation among analysts relates to different risk assumptions, fundamental developments, and market conditions. For instance, CoinPedia forecasts a peak of $0.73 in 2025, reflecting bullish momentum with potential resistance ahead of a $1 level due to competition and regulatory risks. On the other hand, analysis from AInvest and Coin World anticipates TRX reaching up to $0.75 to $1.21 across platforms.
More conservative short- to medium-term forecasts place targets between $0.33 and $0.58 for 2025, indicating modest bullish potential but less aggressive spikes within the year. Longer-term price predictions (beyond 2025) vary widely but often show potential highs in the $3–$27 range by 2030 and beyond, illustrating uncertainty especially over extended time frames.
It's important to note that Tron briefly broke the resistance at $0.33 and is currently holding at this level. A bearish divergence appeared on TRX's 1-day RSI, but increased activity on the Tron blockchain could bring a new bullish wave. The weekly chart shows a clear bullish momentum.
As the FOMC meeting is scheduled for this Wednesday, the potential impact on the crypto market, including TRX, remains to be seen. Moreover, a potential Bitcoin drop to $112,000 could occur, which might influence the overall market sentiment.
In conclusion, the recommended trade type for TRX is Long, with the suggested entry price between $0.28 and $0.33. As TRX approaches a new ATH, investors are advised to stay informed about market developments and regulatory updates to make informed decisions.
The Tron (TRX) community is increasingly turning to learning platforms like the Crypto Academy, recognizing the importance of understanding technology in foreseeing potential future price movements. As technology continues to advance and regulations evolve, staying updated could prove crucial for navigating the volatile yet potentially profitable world of cryptocurrency.
