Here's Why TRX Can Reach a New All-Time High | Credit: Hameem Sarwar
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Key Takeaways
TRON is only 30% away from its all-time high.
TRX has followed a parabolic support trend line since November 2022.
Can TRX sustain its momentum and reach a new ATH soon?
Tron’s (TRX) price action has followed a different rhythm than most major cryptocurrencies during this cycle.
While assets like Bitcoin (BTC) and Ethereum (ETH) have seen sharp rallies and retracements, TRX has taken a more measured path.
Since November 2022, TRX has climbed steadily with minimal pullbacks, breaking its all-time high in late 2024. The rally peaked at $0.45 in December before facing a sharp correction.
Now, TRX is back on the rise, trading just 30% below its all-time high.
Let’s break down the charts to see whether TRX has the momentum to retest or surpass its previous peak.
TRON (TRX) Price Analysis
On the weekly chart, TRX has been climbing steadily along a parabolic curve since the current market cycle kicked off in November 2022.
While a parabolic trend lacks the fixed slope of a diagonal trendline, the curve has been respected multiple times, adding to its credibility as a guide for price action.
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TRX bounced off the curve in June, kicking off six straight weeks of bullish candlesticks.
If the current candle closes at or near its high, it will mark the strongest weekly close since TRX’s all-time high, which was accompanied by a long upper wick.
Momentum indicators support the bullish trend. The Relative Strength Index (RSI) is rising and has just pushed past the 70 level, often a sign of strong upward momentum.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
