How High Will Tron Go?

As 2024 draws to a close, the crypto community is buzzing with speculation about which cryptocurrencies could make profitable additions to investment portfolios in the coming year. Investors are weighing options for both long-term holdings and short-term trades.

The end of the year is traditionally marked by reduced market volatility, leaving the overall direction of the crypto market uncertain. To help you prepare, we’ve outlined an analysis that highlights key conditions likely to favor successful market entries.

Daily time frame analysis

TRXUSD - 1 Day Time Frame

One of the primary reasons Tron stands out as an attractive investment opportunity is its strong bullish structure.

Recent price activity reveals a favorable trend: Tron experienced a sharp price increase over a short period, followed by a corrective bearish phase. What makes this setup particularly notable is the bearish phase’s weakness—it has been significantly slower and has not retraced to the levels of the preceding bullish movement.

This price behavior suggests that bullish momentum is still intact, making Tron an appealing option for investors and traders. However, caution is warranted. The ongoing bearish correction necessitates patience, as it’s vital to wait for clear confirmation that the correction has ended before considering any buy positions.

Tron price target

A detailed analysis of resistance zones reveals two critical levels that could determine the market’s next steps.

For a buy position to be validated, these levels must be broken decisively, confirmed by a candle close on the daily timeframe. Such a confirmation would likely reinforce the market’s bullish structure, signaling the continuation of an upward trend.

Profit targets in this scenario focus on psychological price levels. Given that Tron is already trading above its previous all-time highs, traditional buy-side liquidity zones are absent in these areas, requiring a more strategic approach to identifying exit points.

Meanwhile, risk mitigation is essential. A Stop Loss order should be carefully placed below the internal low, providing protection against unexpected bearish movements.

Tron’s current price dynamics and persistent bullish momentum make it a strong contender for profitable trades in 2025. Nevertheless, success hinges on disciplined risk management and a willingness to wait for clear confirmation of trend continuation before entering the market.

Staying attentive to evolving market conditions will be crucial to ensuring that your strategy remains effective and aligned with broader trends.