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Sam Cooling
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Sam Cooling
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Billionaire Justin Sun has triggered significant growth for Tron following a series of posts on X (formerly Twitter), but how high can TRX crypto go?
In this article, jump in and discover the latest TRX price trends and uncover whether there could be a stronger play available in the August crypto market – Pepe Unchained.
The huge increase in TRX price, as it pushes towards a new all-time high, comes from a fleeting Tron meme coin narrative – triggered after crypto billionaire Justin Sun launched a Pump.Fun clone named Sun Pump.
TRX Price Analysis: How Far Can Tron Crypto Price Climb – A New ATH And Beyond?
As TRX consolidates in prime position, Tron is currently trading at a market price of $0.155 (representing a 24-hour change of +1.23%).
This comes after sweeping sudden market interest fuelled explosive growth for TRX over the past week.
So far, TRX has surged +37.5 % after bouncing from lower support at $0.1215.
The upside move saw TRX’s price successfully break back above the critical local support of the 20DMA at $0.1334 in a significant technical strengthening that boosted Tron’s growth.
Tron price is now hammering the upside of the Bollinger band range, suggesting substantial buy-pressure, as TRX consolidates below a potential new ATH.
Overall, the current technical structure depicts a bullish pendant pattern, suggesting the upside is likely to continue.
However, with the move powered by a potentially fleeting narrative (after all, Tron gas fees are high, and Sun can only command the market’s attention for so long), it seems wise to exercise the caution highlighted on the RSI.
Indeed, this key indicator is currently demonstrating severe overbought divergence at 72.1, and this comes at a time of wider anxiety across the crypto market as most major altcoins trade at a loss.
Overall, it seems likely that TRX is maxing out in the short term at these current consolidatory levels.
All eyes are now on the number of new coins deployed on Sun Pump for signs of continued or fleeting growth.
But despite the excitement, TRX price growth has still been limited to less than 50% due to its high market cap of $13.5Bn—hardly the 10x that many traders are after.
Pepe Unchained Could Be The Biggest 10X Opportunity This August
After all, it’s no open secret that once a coin surpasses $1Bn market cap, growth becomes immeasurable holder as the risk: reward sours.
This is why smart money investors continue to ape low-market-cap gems in search of superior gains. Standing out as a pack leader in August 2024 is Pepe Unchained.
One of the hottest quickfire meme coin opportunities in the Q3 market appears to be Pepe Unchained (PEPU), after shooting up to a sensational $9.97M+ raised during a stunning presale.
Now entering its late stage, the PEPU presale is poised for an explosive launch on DEX markets in the coming weeks and months, with thousands of retail investors flocking to the Pepe ecosystem expansion.
Behind the hype is a pretty novel idea from a committed development team.
PEPU seeks to do for PEPE what Shibarium did for SHIB – the project is building a bespoke low-cost, high-speed layer-2 scaling solution to unchain PEPE from its ERC-20 nightmare.
After all, Frog Coins need a home chain, which is a huge opportunity in the meme coin space—especially with the fleeting Ethereum ETF hype.
You don’t want to miss this opportunity to learn more about PEPU and grab a stack of Pepe Unchained.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
