Will TRX Hit $0.30 Soon?

While the project’s market cap is at an all-time high, TRX is down by 23.7% from its peak of $0.2317, which it accomplished in January 2018, almost seven years ago.

While the market is facing a correction, Tron (TRX) seems to be weathering the storm quite well. The asset is up by 5% in the daily charts, 8.7% in the weekly charts, 5.7% in the 14-day charts, and more than 10% over the previous month. TRX’s price is also up by 60.6% since November 2023.

Also Read: AI Predicts Bitcoin’s Price (BTC) As Musk Debuts As DOGE Dept’ Lead

Will Tron Hit $0.30 Next?

According to Changelly analysts, TRX will face a correction over the next few days. The platform anticipates the asset to trade at $0.14 on Nov. 17, 2024. Hitting $0.14 from current price levels will translate to a dip of about 17.65%. Changelly does not anticipate TRX to hit the $0.30 till at least August 2026.

According to Telegaon, TRX may hit the $0.30 mark in 2024. The platform anticipates the asset to trade at a maximum price of about $0.53 this year. Despite the bullish forecast, Telegaon does not clarify which month TRX may hit the $0.53 level.

Also Read: Did Donald Trump’s Crypto Portfolio Decline Post Election Victory?

There is a possibility that TRX will continue to rally over the next few days as the project’s market cap has soared to new highs. If BTC faces a drastic correction, TRX’s rally may be shortlived.