Tron (TRX) Price Prediction: TRX Bulls Flex Muscles Aiming for 820% Increase to $1.681

Tron (TRX) bulls flexed their muscles as they propelled the altcoin to $0.1825 on 13 November. Meanwhile, potential profit-taking catalyzed slight declines to press time levels of $0.1820.

Tron (TRX) price showed signs of strength on 13 November as it rallied to press time levels of $0.1820.

The 4% gain over the past 24 hours saw TRX begin a rally that could see it surging by over 800% to hit resistance at $1.68.

Here’s a closer look at TRX’s price performance.

Tron price rallies 4% as key resistance breaks

TRX price showed signs of strength on 13 November as it rallied to press time levels of $0.1820.

The 4% gain over the past 24 hours saw TRX begin a rally that could see it surging by over 800% to hit resistance at $1.68.

However, the rally comes despite a 6% decline in trading volume, which could spell weakness in the latest performance.

Nevertheless, TRX price closed a daily candle above 17 cents for the first time since May 2021.

The project has seen activity in the L1 sector as web3 and cryptocurrencies gain popularity.

Tron has seen steady growth in transaction volume since early 2024, with the network now handling over 50 million transactions per week, according to IntoTheBlock.

Transaction activity on the @trondao network continues to outpace other Layer 1s. Since the beginning of the year, TRON’s transaction volume has seen consistent growth, with the network now processing over 50 million transactions weekly.

Meme tokens contribute to Tron activity

The latest surge in themed tokens, which even saw Justin Sun’s project launching its meme coin Launchpad Sunpump, contributed to Tron’s latest growth.

Tron-based themed tokens have a market capitalization of over $389 million, with daily trading volume exceeding 200 million (according to CoinGecko).

TRX price prediction: a pending 800% upswing

Tron is up in a steady bullish trend after breaking an optimistic pennant setup to the upside, which confirmed upward continuation.

TRX price action is contained within an ascending channel, indicating a steady and controlled surge.

Meanwhile, the bullish pennant breakout positions TRON’s price for impulsive moves.

Wave analysis positions the alt’s final target at around $1.681, translating to a staggering 823% increase from current prices.

The prevailing candlesticks show stability, with higher closes inside the ascending channel, indicating sustained bullish momentum with reduced volatility.

Buyers will target the nearest resistances at $0.228 and $0.288 to pave the way for the hurdle at $0.462.

Meanwhile, the pennant formation places the upside target at $1.68 – an over 800% gain.

However, sudden bearish actions will call for the closest support barrier at $0.181, coinciding with current prices and the ascending channel’s lower border.

Further selling pressure will dump TRX to the reliable support near $0.044.

Meanwhile, the broader market performance will be key in driving Tron in the upcoming session.

Cryptocurrencies are set for more upsurges, with Bitcoin eyeing the $100K mark.