Tron (TRX) joined the crypto market\u2019s rally by jumping over 100% in 24 hours to a new all-time high (ATH). Its surge ignited a bullish sentiment among crypto investors and market watchers, fueling optimism for higher targets.<\/p>\n
As Bitcoin (BTC) continues moving sideways between the $94,000-$96,00 price range, many altcoins have started recording massive rallies. Cardano (ADA) recently<\/a> reclaimed the $1 mark in a 200% rally, while XRP soared above the $2.5 resistance on a 300% surge.<\/p>\n Yesterday, TRX, the native token of the Tron Blockchain, soared 104% intraday to hit its news ATH in nearly seven years. The token moved from its daily low of $0.22 to the $0.29 mark, surpassing its previous high of $0.23.<\/p>\n The rally continued with another jump above the $0.30 barrier before climbing to its latest ATH<\/a> of $0.45 on Tuesday night. The surge saw the cryptocurrency flip some crypto rivals, sending Tron back into the top ten crypto list.<\/p>\n According to CoinMarketCap data<\/a>, TRX\u2019s market capitalization hit over $36 billion, surpassing Toncoin (TON) and Avalanche (AVAX) by this metric. Tron founder Justin Sun highlighted the feat in an X post<\/a>:<\/p>\n 6 years later. Still here. Still #BUIDLing. Things have changed, but one thing hasn\u2019t: #TRON remains a top 10 contender.<\/p>\n Since then, Tron has retraced around 20%, hovering above the $0.35-$0.36 zone before falling to the $0.33 mark. Despite the retrace, TRX remained the leading cryptocurrency, with 20% gains in the last 24 hours.<\/p>\n As TRX\u2019s price surged, crypto analyst Javon Mar stated<\/a> that Tron was \u201cHEAVILY on what can be soon noted as a historical bullish move.\u201d He also suggested that the cryptocurrency\u2019s price was \u201cfar from done,\u201d forecasting another massive rally to the $1.1 area.<\/p>\n Similarly, another analyst noted<\/a> that TRX has \u201cfinally triggered a MEGA setup from all the way back in 2018 on its dominance chart\u201d against all other Altcoins. And added that Tron has \u201cbarely put its running shoes on.\u201d<\/p>\n The analyst also signaled that a test of the previous ATH was possible as a retest of that level as support could propel the token to $0.50. However, Team LAMBO advised<\/a> to watch out for the $0.33 level.<\/p>\nTRX\u2019s Rally To Continue?<\/h2>\n