Tron (TRX) Long-Term Holders Report Over 150% Gains
Tron (TRX) has demonstrated significant growth, culminating in a successful Initial Public Offering (IPO) in the United States. This IPO enhances Tron's legitimacy and opens avenues for institutional investment.
Key facts:
- TRX price increased over 150% for one-year holders.
- Strong transaction volumes and stablecoin settlements contribute to positive market sentiment.
- Long-term holders show consistent profitability, reinforcing market confidence.
- Recent price action indicates a sustained upward trend with new yearly highs.
Tron’s Price Performance
TRX currently trades around $0.3677, reflecting an 8.69% weekly increase. The psychological resistance level at $0.40 is the next target for bulls. Key indicators include:
- 50-week SMA is above both 100-week and 200-week SMAs, indicating strong bullish momentum.
- Continued strength is expected as long as TRX maintains above $0.35.
- Potential targets include $0.40 and $0.45, barring any significant selling pressure.
The overall market structure remains bullish, suggesting further price appreciation may be ahead for TRX.