Tron Price Prediction: Tron overtakes Cardano, What’s next?

TRON appears bullish and is now moving toward all-time high

• #Tron price has seen a remarkable price increase of over 13% in the past week, driven by the recent launch of Justin Sun’s new platform, SunPump.

• As a result of this remarkable price increase, TRX's market capitalization has climbed to $12.80 billion, surpassing ADA.

• On the daily chart, the $TRX price bull run is supported by an ascending trendline, continuing its upward momentum.

• Additionally, TRX’s open interest has surged by 50.78%, and its volume has spiked by 204.73% in the last 24 hours, which could be a key factor behind the recent price rise.

• The ongoing recovery rally has resulted in a 21% price jump from the support trendline, forming an engulfing candle and creating a V-shaped pattern.

• If $TRX closes a weekly candle above $0.15, it could gain strong upward momentum and potentially reach its all-time high soon.

• As per Coingabbar analysis, The support levels at $0.1350 and $0.1250 should help absorb any potential increase in supply pressure.

KEY LEVELS :

RESISTANCE LEVEL : $0.1800-$0.2200

SUPPORT LEVEL : $0.1250-$0.1000

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