Tron Price Jumps Double-digit in 96 Hours! Will Tron Price Hit $0.33 This Week?

After displaying a neutral trend for a brief period, the Tron price is on the path of achieving a new yearly high. Notably, this altcoin has surged

The price of Tron (TRX) has risen by more than 12% over the past four days, putting it on track to reach a new yearly high.

The price of this cryptocurrency is currently trading at $0.2559, and it has a market capitalization of $24.29 billion, making it one of the top 10 cryptocurrencies.

The cryptocurrency market is back above the $2.70 Trillion mark and top tokens are successfully breaking out of their important resistance levels, making this week a bullish one for the community.

TRX Price Jumps Double-digit in 96 Hours!

The price of Tron is on the verge of closing its 4th consecutive positive candle for the first time since 2nd March, which showcases an increase in the buying-over-selling pressure for the altcoin.

Furthermore, with a 77.86% surge in its daily trading volume, this altcoin now dominates at 0.9057%.

The MACD witnesses a constantly rising green histogram in the daily time frame. Moreover, with its EMA 12 & 26-day recording a similar price trend, the TRX coin price may continue gaining value.

While the cross EMA 50-day displays a positive crossover, the 200-day acts as a strong support to the price trend. This highlights a strong rise in the bullish sentiment for the altcoin.

Will Tron Price Hit $0.33 This Week?

Considering the present market sentiments, the chances of the TRX crypto token retesting its immediate resistance level of $0.2775 is high. Notably, a sustained bullish action could push the price of this altcoin toward its upper target price of $0.33 in the upcoming time.

On the contrary, if the bears dominate the crypto space this week, this could pull the price of Tron token toward its crucial low of $0.2110 within a short period.