Tron (TRX) reminded us of the 2021 bull: Unstoppable rise!

TRX, which made many crypto investors rich with its rise in 2021, is on the attack again. TRX, which stepped on the gas with the rise of major coins such as $XRP , $DOGE , #ADA , $SOL and AVAX, exceeded the market value of $ 20 billion. Can Tron, which made a strong start to the current bull season, continue its rise?

30 days ago, the price of TRX was at $ 0.16. TRX, which recorded a 41.02 percent increase in a short time, reached a new ATH. Tron, which recorded the previous record of $ 0.22 in June 2018, had remained below this level for a long time. With the increasing buying pressure in recent weeks, TRX reached $ 0.23. or.

An important indicator indicating that TRX may rise even more is the Global In/Out of Money (GIOM) indicator. GIOM provides information about the market trend by analyzing the average cost paid by each address per token.

According to this indicator, the majority of Tron's investors appear to be profitable. The data in question shows that the TRX price may rise even higher.

When looking at Tron's daily chart, it is seen that the Chaikin Money Flow (CMF) indicator is rising. CMF evaluates the money entering and exiting an asset in a certain time frame.

When CMF is above zero, it indicates that buying pressure is strong. If this trend continues, the Tron price may rise to $ 0.30. However, if CMF falls below zero, this forecast may become invalid. In this scenario, the Tron price may fall to $ 0.20.

The cryptocurrency analyst known as Evan Luthra on X (formerly Twitter) likened Tron's chart to XRP. XRP, which has been rising breathlessly for a few days, continues to leave its mark on the cryptocurrency market. Luthra, who was expecting the same price movement on #Tron , seems to have excited #TRX investors.