$TRX Tron (TRX) Pumps To New All-Time High

Amid increased bullish sentiment among altcoins, Tron coin has stood out with a massive 100% price pump, per CoinMarketCap. As TRX rallied to over $0.4407, the altcoin also saw a massive increase in its trading volume of over $14.7 billion.

While this is the first time the Tron crypto has set a new ATH in more than 7 years, there is a dispute as to where the altcoin price could go. According to MMCrypto, TRX could suffer a massive decline as it has dropped under the key support level around $0.3750.

However, Team LAMBO has said that $TRX could be in the early stages of forming a massive bull flag. According to the data, the bottom of the trendline for the Tron token to defend is at $0.35 - 0.36. A breakout above $0.42 could lead to a rally to $0.60.

Price Pump Could Take Cardano (ADA) As High As $3

Before the massive TRX price pump, Cardano (ADA) led the top altcoins in gains. From a monthly low of $0.325, the Cardano price skyrocketed to trade above $1.3 for the first time since early 2021. While ADA has dropped to the $1.20 price range, per CoinMarketCap, analysts believe the altcoin could extend its gains soon.

According to Jupiter, the Cardano coin will go “ABSOLUTELY BERSERK this cycle” and could pump to $3 because of its expansive ecosystem built to service retail and institutional clients. The recent milestone reached by the Cardano network is one of the reasons crypto experts are very bullish about ADA. 

According to Dan Gambardello, the TPS of Cardano’s Hydra just crossed 1 million and “is just getting started.” In addition, the unique active addresses on the network have crossed 100,000 unique wallets, according to Benjamin Cowen.