Renowned crypto analysts have turned their attention to TRON (TRX), predicting a bullish outlook for the Justin Sun-backed cryptocurrency. On Thursday, analysts highlighted a significant surge in TRON network activity, reinforcing optimism for an impending price breakout. Notably, Crypto Patel set a $1 price target for TRX in this bull cycle, while Ali Martinez pointed to increased network participation as a key driver of growth.
Analysts Predict TRX Price to $1
At the time of writing, TRX is trading at $0.2458, reflecting a 2% daily uptick. The coin fluctuated between $0.2407 and $0.2465 intraday, aligning with the broader market’s recovery.
Crypto Patel, a prominent analyst, took to X (formerly Twitter) to emphasize TRON’s strong momentum. His price chart analysis reveals that TRX maintains solid support at $0.140, with the ideal buy zone identified between $0.160 and $0.180. Given sustained demand, Patel asserts that TRX could rally towards the highly anticipated $1 mark.
$TRX hit our 200% target as predicted but Forgot to share Profit Update here 🚀
— Crypto Patel (@CryptoPatel) March 5, 2025
#TRON is showing strong momentum, and I still believe $1 is possible this bull run!
Best buy zone: $0.180 – $0.160 (if we get it).
Who’s holding TRX to $1?
RT & Like if you’re bullish! 🔄 https://t.co/b5C1ZQxPrg pic.twitter.com/zpxn7ltrGO
Can TRX Really Surge to $1?
Crypto Patel’s bullish stance is further strengthened by his past accurate predictions. In October 2023, he forecasted a 200-300% surge in TRX price when it hovered around $0.16. True to his projection, TRX peaked at $0.426 by early December 2024 before retracing due to broader market fluctuations.
TRON Network Activity Surges
Adding to the bullish sentiment, TRON’s network activity has reached a two-month high. Analyst Ali Martinez reported that TRON recorded 2.94 million active addresses as of March 4. This surge signals growing market interest, potentially fueling a price rally.
The overall cryptocurrency market is experiencing a resurgence, further supporting TRX’s bullish potential. Bitcoin and altcoins have witnessed notable gains, partly fueled by pro-crypto developments in the U.S. Notably, former President Donald Trump’s strategic crypto reserve announcement has bolstered market sentiment. Additionally, the upcoming U.S. crypto summit is expected to shape the market’s trajectory, with TRON being closely monitored.
Also Read: TRON (TRX) Surges 12% as Illicit Activity Drops to Record Low – What’s Next?
With increasing network adoption and favorable market conditions, TRX appears poised for a significant rally. As traders and investors closely watch developments, the possibility of a $1 breakout remains on the horizon.
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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