The Tron (TRX) cryptocurrency is up nearly 8% in the last week, with more investors holding the cryptocurrency amid the small climb. TRX is currently breaking out from a wedge pattern, indicating bullish momentum. Currently trading at $ 0.242748, one analyst is eyeing an exponential surge of over $5.05, pushing TRX to $1.11. This would be over 100% higher than its current ATH reached in December.
Since eclipsing a new high back in December 2024, Tron and the rest of the crypto market have gone down. However, with altcoin season just around the corner, market sentiment is generally bullish. Price predictions for top tokens like TRX are up, with some suggesting new all-time highs on the horizon. For the Tron cryptocurrency, crypto analyst Javon Marks is particularly optimistic.
According to Marks, Tron TRX is preparing for a massive run. “TRON looks to still be well in progress of massive run, stemming from a Logarithmic Wedge/Flag-Like Pattern breakout, and with the target still at $1.11+, there can still be significant upside movements on the way,” the analyst says. “This means that a more than 505% upside could be coming…” The breakout aligns with historical price movements that previously led to strong rallies.
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Tron’s TRX is currently facing resistance at $0.2354 and $0.2422. A breakout above these levels could trigger further gains for the altcoin ahead of the upcoming bull season. On the other hand, $0.2215 and $0.2150 must hold as the support to reduce such an outcome. The asset is just under its 52-week moving average but not by much.
Furthermore, beyond technical patterns, TRON coin’s decentralized finance (DeFi) ecosystem is experiencing increased adoption, adding fundamental strength to its bullish outlook. Since decentralized exchanges are an integral part of any cryptocurrency network, the Total Value Locked in TRON’s DEXs is steadily increasing and indicates the growing confidence of investors in the network. Thus, its native cryptocurrency is in a good position to grow in value.