Tron’s native cryptocurrency TRX has witnessed a strong bullish price action during the last weekend. Over the last 24 hours, the Tron price has surged by 2.60% trading at $0.087 with a market cap of $7.7 billion. With this, TRX has also entered the list of top ten cryptocurrencies by market cap.
In the latest four-hour Tron price analysis, the cryptocurrency market appears to favor buyers, with a noticeable bullish surge driving the coin’s value. TRX/USD has risen to $0.0857 due to this upward momentum. Furthermore, its Moving Average has improved to $0.08533, reflecting the positive progress.
Volatility has slightly decreased, suggesting that the ongoing uptrend may strengthen in the coming hours. The upper Bollinger band now sits at $0.0864, while the lower Bollinger band is at $0.0845. The substantial price increase has resulted in a bullish peak on the RSI graph, with the value reaching an average of 50.
Both the one-day and four-hour Tron price analyses indicate support for the bulls. The one-day chart shows green candlesticks, signifying a bullish resurgence since yesterday. With increased buying activity, TRX/USD has rebounded to $0.0857. The four-hour analysis also predicts a similar bullish trend in the cryptocurrency’s hourly value progression.
The recent bullish momentum in Tron comes as Bitcoin gave a surprise move above $27,000 amid strong whale accumulation.
TRON (TRX) has witnessed a significant surge in network activity, with TRONSCAN reporting a total of over 6.5 billion transactions on the network. This robust usage indicates a growing interest in TRON, further supported by its integration into the GP-Protocol’s AI execution technology.
In light of these developments, ChatGPT holds a positive outlook for the future value of TRX. Over the past week, TRON’s trading range has spanned from $0.085347 to $0.090856. According to AI-driven TRON price predictions, the cryptocurrency has the potential to reach as high as $0.1 by the end of the year.
In another development, TRON (TRX) has joined hands with APENFT and the Giacometti Foundation to host an art exhibition in Paris, scheduled to run from October 7, 2023, to January 7, 2024. This collaboration seeks to bridge the worlds of art and blockchain technology. Additionally, TRON has introduced TroNBox, a versatile smart contract toolbox that simplifies the development, testing, and implementation of smart contracts on the TRON network, making blockchain technology more accessible to a broader user base.
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