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Tron aims for further gains after excellent bullish week

 


Tron (TRX) is up this week even as other major coins struggle to report serious gains. However, the coin is not ready yet and we could see more gains in the coming days. Read on for more analysis, but first, here are the key takeaways:


Tron has outperformed the market, up about 15% this week


The coin will aim to scale USD 0.085 in the near future


The momentum oscillator also shows that TRX is bullish


Tron (TRX) price prediction

The crypto market in general had a very sluggish week. But Tron has done quite well compared to other coins. The token is now up around 15% for the week, and more upside is expected. If the current momentum holds, TRX is likely to test the USD 0.085 level in the coming days. This represents a gain of about 35% over the current price.


However, this bullish case is only possible if TRX closes the day above $0.7. At the moment, the coin has dipped slightly below this mark. But looking at the higher lows and highs over the past 24 hours, it is highly likely that TRX will indeed close well above $0.7.


Also, the current momentum is pushing TRX very close to its 200-day EMA. If the bulls break this level, we could see a sustained period of growth for Tron.


Why is Tron a worthwhile investment?

Tron is among the top 10 blockchain infrastructure projects in the world. If you are looking to invest in crypto for the long term, this would be a decent coin to buy.


Even in the short term, TRX still offers incredible opportunities. In fact, the coin has fallen sharply from its all-time highs. This decline could present a good opportunity for investors to benefit from Tron's recovery in the coming months.

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