Tron (TRX) set for 70% rebound as market conditions signal another local top
Main Idea
Tron (TRX) is predicted to rebound by 70% as market conditions indicate potential for further uptrends, with analysts citing historical patterns and futures market signals.
Key Points
1. The neutral futures market suggests room for further uptrends in TRX, with no signs of overheating currently.
2. Historical patterns indicate a potential rally before TRX hits a local peak, similar to a 73% surge in December 2024.
3. Analysts forecast a 70% surge from TRX's current price of $0.3598, potentially reaching $0.6116.
4. TRX's 24-hour trading volume increased by 30%, signaling potential for market recovery.
5. Some analysts, like Crypto Patel, believe TRX could reach $1 this cycle, representing a 177% increase from current prices.
Description
Digital tokens displayed weakness on Friday as the global cryptocurrency market cap plunged from $4.11 trillion to $4.04 trillion in the past 24 hours. Despite the bearish sentiments, Tron’s market conditions show it might soar further before hitting a local high. According to data from CryptoQuant, the TRX Futures Volume Bubble Map indicates more room for uptrends before it overheats. CryptoQuant.com @cryptoquant_com · Follow TRON Futures Bubble Map: TRX Still Has Room to Reach a Local Top“At p...
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