Tron Price Rally and Meme Coin Revival Signal Bullish Momentum
Tron (TRX) has surged for six days straight, reaching $0.166, its highest since August, driven by founder Justin Sun’s optimistic predictions. Sun hinted that continued TRX growth could revive Tron’s meme coin ecosystem, which currently holds a $344 million market cap, down from a $700 million peak. Sun believes that if TRX hits new highs, it may trigger FOMO and boost interest in Tron’s meme coins, echoing Shiba Inu’s 1,150% rally in 2021.
Despite TRX’s momentum, Tron’s DEX trading volume dropped 24% this week, and total DeFi assets fell 11%, signaling mixed ecosystem performance. On the technical front, TRX remains bullish, holding above key moving averages and aiming to break the $0.169 resistance. Analysts suggest a break could push TRX to $0.20, making it a top watch in the current market rally.
