The post TRON Price Surge Suggests Possibility of Revisiting 2018 Highs Amid Renewed Market Interest appeared on BitcoinEthereumNews.com.

TRON has experienced a significant surge, climbing to $0.18, marking a 7% increase that reignites hopes of reclaiming its 2018 highs. This bullish momentum sets a positive tone for the week, with trading volumes indicative of rising investor interest. According to COINOTAG, “TRON’s recent breakout is supported by technical indicators that hint at further gains.” TRON spikes to $0.18 with a 7% increase, reviving interest in its 2018 price high amid a surge in trading volume and bullish market sentiment. TRON Soars to $0.18 as Trading Volume Surges TRON [TRX] has witnessed a remarkable recovery, recently trading at $0.1778—a 7% increase within a 24-hour period. This surge has sparked enthusiasm within the cryptocurrency community, as the token mirrors broader market gains. Over the past day, TRON’s trading volume has seen a significant uptick, soaring by 121% to reach $1.62 billion. This surge in activity has boosted TRON’s market capitalization to $15.35 billion, reflecting a 7.58% increase. Technical Indicators Point to Continued Strength The current bullish price movement is further supported by technical indicators. On the 4-hour chart, TRON broke above the $0.1700 level, establishing a new support zone. Analysts suggest that this level may act as a foundation for pushing towards the psychological resistance at $0.20. Observing the Bollinger Bands, the upper band is indicating rising volatility, which is a sign of robust buying pressure. However, a potential pullback could see prices retracing back within the bands as the market consolidates its gains. Moreover, the ADX indicator, with a reading of 36.44, shows a strong trend but also indicates that the market may be slightly overheated, which could lead to a temporary pullback. Steady TRX Volume Growth Since August Signals Renewed Market Interest Since August, the inflow volume for TRX has been consistently increasing, with noticeable surges around mid-August that…

---

Filed under: News - @ November 13, 2024 8:25 am