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Will Tron Price Hit $1 As Analysts Predict Bullish Breakout

Will Tron Price Hit $1 As Analysts Predict Bullish Breakout

CryptoNewsNet2025/03/08 11:33
By: thecoinrepublic.com
REACH0.00%XOLDTOKEN0.00%TRX-0.25%

Crypto experts predict TRON price will surge to $1 based on their positive assessment of its potential growth. Technical analysis, in combination with prevalent network activity and positive market developments, has generated that price projection.

Analysts Predict Tron Price Could Reach $1

In recent reports, cryptocurrency analysts have pointed to a potential price target of $1 for TRX in the upcoming bull cycle. This TRX price prediction builds upon rising cryptocurrency market momentum and widespread altcoin recovery trends.

According to Crypto Patel, Tron price demonstrates robust bullish indicators because it receives significant market backing at the $0.140 level. According to this analysis, the upward price movement of TRX indicates strong signs of reaching its $1 target soon.

Will Tron Price Hit $1 As Analysts Predict Bullish Breakout image 0
Tron Price Chart Source: X

In addition, the analyst examined historical data to discover substantial price surges in TRX, which achieved increases exceeding 200-300% during specific periods. TRX price delivered significant gains between October and November 2024 at its initial price of $0.16.

The price reached $0.426 in December 2024 following the mentioned period. Market experts project additional growth potential in TRX because of favorable market trends identified after its recent rally.

TRON Network Activity Hits a Two-Month High

Crypto analyst Ali Martinez noted that network activity on the Tron platform experienced substantial growth as 2.94 million active addresses were registered on March 4, 2025.

TRON Network recently recorded its highest number of active addresses in two months. That indicates growing attention towards this blockchain platform.

Will Tron Price Hit $1 As Analysts Predict Bullish Breakout image 1
Tron Network Activity Source: X

Blockchain network health and usage levels often depend on active addresses because these new users demonstrate blockchain participation. The analyst notes that this rise in activity functions as an important element backing up favorable TRX market predictions.

TRX Price Action and Prediction

The current trading value of Tron price hovers at $0.2458 while showing a 2% uptick from the past 24 hours. TRX coin exhibited volatility during the day, with prices ranging from $0.2407 to $0.2465.

The analysis indicates a continuous bullish price pattern as TRX demonstrates stable support at the $0.240 price level. For many traders, this price action is viewed as an indication of strength, with the coin poised for potential growth in the coming weeks.

On the technical indicators, Tron price demonstrates buying power dominance over selling pressure through its Bull Bear Power (BBP) analysis. It reports a positive value of 0.0105.

Market sentiment shows a minimal bullish bias with the green bars appearing in the BBP histogram. The current buying power lacks sufficient strength to produce significant market gains because the market remains in consolidation mode.

Will Tron Price Hit $1 As Analysts Predict Bullish Breakout image 2
Tron Price Chart Source: TradingView

Additionally, Tron stands at the lower edge of Bollinger Bands, which reveals the market exhibits lesser volatility right now. The tight bands indicate an ongoing phase of market stabilization.

Market conditions indicate an upcoming rise when the price moves above the middle band. Yet, potential weakness appears after Tron price crosses below the lower band.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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