After the Storm, Clear Skies for TRX?
TRON stands among the few altcoins that recorded a new all-time high (ATH) in 2024. However, since peaking at $0.4407 in December, the value of TRX has dropped by nearly 45%, currently stabilizing around $0.2412.
Technical analysts suggest this correction phase may not last long. In a recent X post, analyst CW X predicted that TRX could surge tenfold to reach $2.2 in the coming months.
"During the last rally in December, TRX was halted by the median line of the channel. The peak of this cycle could touch the upper line. Depending on timing, the target likely ranges between $1.65 and $2.2."
— CW X
Altcoin Daily’s 2025 forecast aligns with this bullish outlook, reinforcing the potential for significant growth.
Key Levels to Watch in the Short Term
CoinMarketCap data shows TRON’s price dropped 4.21% over the past 24 hours. While notable, this decline isn’t necessarily a long-term setback, according to analyst Crypto Tony.
Crypto Tony identified a critical support zone near $0.21, which could serve as a strategic entry point for investors anticipating a rebound. A bounce from this level might signal the start of a new bullish trend.
Meanwhile, analyst EWT takes a broader perspective, anticipating an accumulation phase for TRON between $0.17 and $0.27. EWT’s analysis relies on an ascending triangle pattern, predicting a potential bullish breakout with a first target of $1.3.
👉 Discover why analysts are bullish on TRX
FAQ Section
Q: What factors could drive TRX to a 10x increase?
A: Key drivers include broader crypto market recovery, TRON’s growing ecosystem, and increasing adoption of its decentralized applications (dApps).
Q: Is TRON a good long-term investment?
A: While past performance doesn’t guarantee future results, TRON’s strong developer activity and partnerships suggest long-term potential—though always conduct personal research.
Q: What’s the biggest risk for TRX investors?
A: Market volatility, regulatory changes, and competition from other blockchains could impact TRX’s growth trajectory.
👉 Explore TRON’s latest developments
Final Takeaway
TRON’s recent dip may present a buying opportunity, but investors should remain cautious and monitor key support levels. Analysts remain optimistic, but market conditions will ultimately dictate TRX’s path to potential 10x gains.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct independent research before making investment decisions.
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