$TRX $TRX

TRON (TRX) Rises to All-Time High

Amid increasing bullish sentiment among alternative currencies, the TRON coin has distinguished itself with a massive price increase of 100%, according to CoinMarketCap. TRX has risen to over $0.4407, and the alternative coin has also seen a significant increase in trading volume exceeding $14.7 billion.

While this is the first time the TRON digital currency has recorded a new all-time high in over 7 years, there is debate about where the price of the alternative coin could go. According to MMCrypto, TRX may face a significant decline as it dropped below the main support level around $0.3750.

However, the LAMBO group stated that $TRX may be in the early stages of forming a massive bull flag. According to the data, the bottom trend line that the TRON token must defend is at $0.35 - $0.36. A breakout above $0.42 could lead to a rise to $0.60.

Cardano (ADA) Price May Rise to $3

Before the massive price increase of TRX, Cardano (ADA) was leading alternative currencies in gains. From a monthly low of $0.325, the price of Cardano rose to trade above $1.3 for the first time since early 2021. While ADA has dropped to a price range of $1.20, according to CoinMarketCap, analysts believe that the alternative coin could soon increase its gains.