Tuesday, January, 21, 2025

TRX Hits New Annual High: 150% Gains and Bullish Momentum Ahead!

TRX climbs 2.73% in 24 hours, reaching new yearly highs with 150% returns, backed by strong sentiment and bullish technical indicators.
TRX
Picture of Areeba Rashid

Areeba Rashid

Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.
  • TRX rises 2.73% in 24 hours, hitting $0.3616 with $1.42B trading volume and 11.42% growth.
  • Long-term holders see 150% returns in 12 months, with positive momentum across 3- and 6-month periods.
  • RSI at 65 signals strong but cautious upward movement, with MACD confirming sustained bullish momentum.

Tron (TRX) is currently trading at $0.3616, which is up by 2.73% during the previous 24 hours. TRX has registered 7.06% over the last week, which is a sign of the strong positive momentum. The trading volume is $1.42 billion with 11.42% growth over the past 24 hours. The price has slipped into new annual record territory and is still running bullish.

Source: CoinMarketCap

TRX Sees 150% Gains in Last Year, Driven by Strong Sentiment

An analyst at CryptoQuant highlighted the bullish TRX movement. The coin has moved over a new annual high, and new buying pressure has helped it move up. Since the end of Q2 2025, TRX has maintained a consistent upward trajectory. This upward movement is held up by positive market sentiment regardless of the holding period.

In the previous 12 months, long-term investors have managed to get returns of more than 150%. This represents substantial improvements as compared to 2024 lows. The 3-month and 6-month returns have changed in the direction of profitable returns. This enhanced performance serves as evidence of TRX’s recent success and the market’s confidence.

Source: X

The short-term returns are still volatile and exhibit rapid recovery following declines. As opposed to the unsustainable January 2025 spike, the current rally is broader and steadier. TRX is well-placed to hit multiyear highs with firm midterm strength. This bullish outlook is backed by continuing market confidence and good long-term holder performance.

Also Read: Circle Reports 90% USDC Growth, $1.2B IPO, and Arc Blockchain Launch in Q2 2025

RSI and MACD Indicators Confirm Continued Bullish Momentum

TRX’s Relative Strength Index (RSI) is 65. This shows that the coin is nearly in an overbought position. Nevertheless, the RSI remains below 70, which still signifies an additional upward trend. The RSI upholds the concept of sustained market strength, but it cautions against an immediate turnaround.

The MACD is above the signal line, which indicates that there is an upward trend. The histogram is to the positive side, indicating good buying pressure. The recent price behavior aligns with these technical indicators, which suggest further strength.

Source: TradingView

Market Resurgence Continues Despite Drop in Trading Volume

According to Coinglass data, open interest has increased by 6.48%, reaching a total of $607.71 million. The OI-weighted funding rate is 0.0117%. Conversely, the volume of trading has declined by 4.88% to $432.51 million. Regardless of the decrease in volume, the mood on the market is still positive, and TRX is experiencing a resurgence.

Source: CoinGlass

TRX has recorded an impressive performance in various time frames. The 6-month and 3-month returns have become positive, indicating good recovery. Its long-term performance is remarkable, and 1-year holders have achieved stunning returns. These results of long-term rewards validate the holding strategy during market fluctuations.

Also Read: Ethereum Treasury Giant BitMine Delivers Explosive Per-Share Gains

How would you rate your experience?

Related Posts

Share on Social Media
Scroll to Top