Tron ($TRX ) has renewed its ATH at 0.23 with a 12 percent increase in the last 24 minutes.

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

Renewed the peak

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

An important indicator that indicates that TRX may rise further is the Global Money Inflow/Outflow (GIOM) indicator. GIOM analyzes the average cost paid by each address per token and provides information about the direction of the market.

According to this indicator, most of Tron's investors seem to be profitable. The data in question shows that the TRX price can rise to even higher levels.

TRX bullishness seems to continue

Data on Tron's daily chart shows that the Chaikin Money Flow (CMF) indicator is rising. CMF examines the data 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 the zero level of CMF falls, this prediction may be invalidated. In this scenario, the Tron price may return to 0.20.

Cryptocurrency analyst known as Evan Luthra on X (formerly Twitter) likened Tron's chart to XRP. While a few people took a breather and XRP rose, it continues to make its mark on the cryptocurrency market. Luthra, who was expecting the same price movement in Tron, seems to have excited TRX investors.

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