TRON Records 3.52% Price Increase as Trading Volume Surges 121%
TRON (TRX) has added 3.52% to its price in the last 24 hours, marking its second consecutive day of bullish momentum following a sharp decline last week. According to CoinMarketCap (CMC) data, TRON’s daily trading volume has surged by 121.92%, signaling renewed investor interest.
TRON’s Recent Performance
The broader crypto market remained largely bullish over the past day, with some altcoins mirroring Bitcoin’s upward movement. However, other leading tokens like Solana and Chainlink showed initial price declines. In contrast, TRON maintained its bullish trajectory.
On December 4, TRON hit a new all-time high of $0.4407, capitalizing on the market’s positive sentiment. However, it soon retraced to a support level of $0.24, surprising many investors. Since then, TRON has shown signs of recovery, trading at $0.2909 at the time of writing.
Over the past week, TRX has posted a 5.10% gain, recovering from a low of $0.26 earlier in the week to a high of $0.3094, indicating a potential continuation of its upward trend.
Can TRON Reclaim Its All-Time High?
From a technical perspective:
- The MACD signal line remains below the MACD line, signaling mild bearish sentiment.
- The Relative Strength Index (RSI) is currently at 56.18, reflecting a neutral market outlook.
These indicators, combined with TRON’s current recovery momentum, suggest a possible continuation of its bullish trend. Should the upward movement persist, TRON could encounter resistance levels at $0.3010 and $0.3290 before further gains. 
TRON Network Developments
TRON’s recent price recovery coincides with several notable advancements on the network:
- The blockchain reported a new record in daily transactions in August.
- Annual revenue growth surged by 170%, showcasing the network’s expanding ecosystem and utility.
With these factors driving renewed optimism, TRON’s price may continue its upward momentum and potentially challenge its all-time high once again.
