CandleFocus Tron (TRX) Surges to 6-Year High, Eyes $0.48 All-Time
2024-12-03
Author: Content Editor
Tron's native token, TRX, has surged to a 6-year high of $0.2910, marking a 43.06% gain in December. The cryptocurrency is on the verge of retesting its all-time high of $0.3004. The surge is driven by the formation of a rounded bottom pattern, indicating a sustained bullish reversal. The fair value gap and technical indicators suggest that TRX could continue to rally and potentially establish a new record by the end of December. TRX's next target is $0.48, and failure to hold above $0.2366 could lead to a retest of support at $0.18. Overall, the sentiment remains bullish unless there are significant macroeconomic or fundamental shifts.
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