TRON Price Jumps 20% in a Week, Aiming for $0.20
In This Post:
- TRON price rises 20% in one week, showing strong growth.
- TRON overtakes Solana in meme coin trading with its Sunpump platform.
- Market signals show TRON could keep going up.
TRON (TRX) has jumped more than 20% in just one week. This strong rise shows that many people are confident in TRON. The price is moving up quickly, and it could continue to rise.
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TRON Beats Solana in Meme Coin Trading
TRON has now passed Solana as the top network for trading meme coins. This happened after TRON launched its new platform, Sunpump, which quickly became popular. Many traders are choosing TRON over Solana for meme coin trading.
One popular coin on TRON’s platform is Bluechip$SunDog. It has a value of $189 million, which is big for TRON. However, it’s still small compared to the whole crypto market.
Trading volume on TRON dropped by 30.06% to $498.46 million, but open interest went up by 3.93% to $191.85 million. This means more traders are holding onto their positions, showing confidence in TRON.
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TRON Price Could Hit $0.20 Soon
In the last 24 hours, TRON’s price has risen by 5%, moving between $0.154 and $0.163. Right now, TRX is around $0.1615. If the current trend continues, TRON could reach $0.20 soon and might even go higher.
Market signals are positive. The MACD shows more upward movement, and the RSI is at 63, indicating strong buying interest.
Possible Challenges Ahead
Even though things look good, there could be challenges. If the market changes, TRON’s price might stay around $0.16. If things turn negative, it could drop to $0.15 or even $0.13.
Looking Forward
TRON’s 20% rise in one week and its success in meme coin trading show strong growth. If the trend continues, TRON could reach $0.20 and possibly more. But traders should watch for any changes that might slow down the rise.
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