Tron (TRX) Price Prediction 2024-2025: Will TRX Break Its ATH?

Tron [TRX] broke out from a major resistance level of $0.157 among the bullish market sentiment among traders. At press time, TRX was currently trading

Tron [TRX] has seen a breakout from a major resistance level of $0.157, amid bullish market sentiment among traders.

At the time of writing, TRX was trading around the $0.161 mark after a price surge of over 2.56% during the past 24 hours.

During the same period, its trading volume increased by 25%, highlighting the participation of investors and traders in the asset following the recent breakout.

TRX technical analysis and key levels

According to AMBCrypto’s technical analysis, TRX is bullish and may rally significantly in the coming days.

Following its successful breakouts from the strong resistance level of $0.157, there is a high possibility that TRX’s price could easily break its all-time high and set a new record.

Source: TradingView

Technical indicators such as the Relative Strength Index (RSI) and the 200 Exponential Moving Average (EMA) further support this bullish outlook for the altcoin.

Bullish on-chain metrics

Complementing this positive technical analysis, on-chain metrics indicated that bulls were favoring holding on to the altcoin, rather than selling off.

As per on-chain analytics firm Coinglass, TRX’s Long/Short Ratio stood at 2.22 on the 12-hour time frame, which was the highest it had been since late September 2024. This indicated bullish market sentiment.

Source: Coinglass

Moreover, TRX’s Futures Open Interest increased by 20%, and had been steadily rising since then. This suggested that traders’ long positions have been continuously rising over the past 24 hours.

Check out Tron’s [TRX] Price Prediction 2024–2025

At press time, 68.95% of TRX traders were long, while 31.05% were short.

Combining all the on-chain metrics and technical analysis, it appears that bulls are currently dominating the asset and the sentiment is positive, which could lead to a massive upside rally in the coming days.