CandleFocus Tron could flip key price as Justin Sun predicts big moves ahead
2024-10-25
Author: Content Editor
The Tron token (TRX) has experienced a six-day rally, reaching its highest level since August. Tron's CEO, Justin Sun, made a bold prediction about its ecosystem, stating that he believes Tron meme coins will see a second wave of growth. Tron meme coins have struggled in recent weeks as investors have shifted their focus to other tokens. However, Sun believes that a rebound is imminent once Tron's price surpasses its previous high. Tron's ongoing comeback has been accompanied by a drop in volume in its DEX platforms and a decline in its DeFi assets. Nonetheless, the TRX token has been in a strong uptrend and may continue to rise if it breaks through the resistance at $0.1690, with a potential target of $0.20.
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