How Long Will TRX Price Take to Hit $0.5?

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While many investors want to believe TRX hitting $0.5 is an easy feat, it’s likely not. As of October 2024, the asset is trading around $0.16 and is in a bullish rising channel. Data from Token Terminal shows TRON has recorded a significant increase in daily active addresses and revenue, which suggests the network is being used, often a bullish signal.

The TRON price has respected the rising channel since late 2023 and has not broken out in over 10 months. While the rising channel itself is a bullish signal, if its price doesn’t break out to the upside, it will take the asset long to hit $0.5.

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