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The TRON price soared 66% in the last 24 hours to trade at $0.3942 as of 02:25 a.m. EST on trading volume that skyrocketed 475% to $16 billion.
The TRX price pump made it the top gainer among the biggest 100 cryptos by market cap, according to CoinMarketCap.
TRON Price On A Sustained Price Rally
The chart shows a strong bullish trend, particularly over the past few days, with the price surging significantly from a relatively flat consolidation phase around mid-November, within the $0.20 range, according to data from GeckoTerminal.
The large spike in the price of TRON is accompanied by a sharp increase in trading volume, signaling significant buying interest. However, the recent candle indicates some profit-taking, as seen by the pullback from the recent high.
TRX now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a sign of the continued uptrend.
Meanwhile, the Relative Strength Index (RSI) is currently at 79, which is an indication that the asset is currently under intense buying pressure.
An RSI this high often accompanies euphoric buying but also serves as a caution sign for potential cooling-off.
The MACD line (blue, 0.0424) is well above the signal line (orange, 0.0215) and is in positive territory. This confirms the bullish momentum is still intact. However, the rapid expansion of the MACD histogram indicates that momentum may be peaking and could start slowing down soon.
TRON Price Prediction
According to the TRON price analysis on the 4-hour timeframe, TRX is currently on a sustained uptrend. If buying pressure continues, the price could push higher towards $0.50 or beyond.
A pullback seems likely due to profit-taking and overbought conditions. Support levels to watch are $0.30 (psychological level and previous resistance), followed by the 50-day SMA at $0.22.
Meanwhile, as the XYO price soars, the Pepe Unchained (PEPU) presale is another token on a tear after blasting past $69.7 million in funds raised.
YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to turn $1k into $10k after launch in about 10 days.
Pepe Unchained Presale – Less Than 9 Days Left, Might Sell Out First
Pepe Unchained isn’t just another meme coin vying for attention. It’s rewriting the rules of the game. At the heart of this ambitious project lies its own layer-2 blockchain, a technological leap designed to supercharge the PEPE brand.
This blockchain promises to deliver transaction speeds 100 times faster than any other project currently in the market while simultaneously slashing network fees to a mere fraction of today’s costs on Ethereum. The PEPU token will power this innovative ecosystem, offering users lightning-fast and cost-effective transactions.
To showcase the raw potential of its blockchain, Pepe Unchained has launched its own token launchpad, directly challenging platforms like Solana’s Pump.fun.
The excitement around PEPU is reaching new heights, especially with the whispers of upcoming listings on tier-1 exchanges.
We’ve been approached by several Tier 1 exchanges interested in $PEPU.
While this is an exciting opportunity that will boost visibility and liquidity, it also requires careful planning to ensure the best possible launch.
— Pepe Unchained (@pepe_unchained) September 18, 2024
Investors are speculating that a listing on major platforms like Binance or Coinbase could trigger a massive price surge after launch, much like what happened to PEPE after its recent debut on Coinbase and Robinhood.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 54%.
You can buy $PEPU tokens from the official website here for $0.01295 using ETH, USDT, or a bank card. While there are a little less than 9 days less, buy soon in case the token sells out first.
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