Tron (TRX) Faces Setback but Analysts Predict Potential Surge to $2.2 in 2025

Tron (TRX), led by the prominent Justin Sun, has experienced a remarkable comeback in recent years. After being overshadowed by the rise of new cryptocurrencies, TRX managed to reclaim a spot in the coveted top ten cryptocurrencies in 2024. Despite a positive start to 2025, the altcoin faced a slight setback, leading many to question its next move. However, the Tron community remains optimistic about TRX’s potential to surge in the coming days.

TRX Faces a Minor Setback in Early 2025

In the past 24 hours, Tron’s TRX has experienced a 1.34% price drop, trading at $0.2475. This follows a week where TRX saw a more significant dip, falling over 4%. At its peak earlier this week, TRX was valued at $0.2736. This price decline has also led to a drop in the asset’s market cap and daily trading volume. As of now, TRX holds the position of the 10th largest cryptocurrency, with a market cap of $21.32 billion and a 24-hour trading volume of $1.23 billion.

Source: CMC Data

Just a month ago, TRX reached an all-time high of $0.4407, but it is now trading approximately 43% below that level. Despite this downturn, many analysts, including CW on X, are still bullish about Tron’s prospects.

Source: X

Analysts Remain Bullish on TRX’s Potential

CW, a prominent analyst, highlighted that Tron’s price is forming an ascending channel, which is traditionally seen as a bullish indicator. The analyst pointed out that during the December rally, TRX faced resistance at the channel’s middle line. Moving forward, TRX’s price is likely to target the upper line of the channel, with an estimated price range between $1.65 and $2.2.

Also Read: XLM Price Forecast 2025: Can Stellar Reach $2? Bullish Momentum and Market Trends Suggest Strong Potential

Should this prediction come true, it would mark a significant increase from its current price, benefiting TRX holders and investors. The ongoing optimism in the Tron community suggests that this altcoin could see substantial growth, with many hoping that TRX will soon surpass its previous highs.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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