TRON Price Soars, Aiming for $0.18
The TRON (TRX) price has skyrocketed by 11% in the last 24 hours, reaching $0.1602 as of 00:37 a.m. EST. Trading volume has surged simultaneously by 111% to $1.9 billion.
This surge comes as TRON climbs into the top 10 cryptocurrencies by market capitalization, surpassing Cardano (ADA). TRON's ascent is linked to an announcement from founder Justin Sun stating that meme coin leaders are interested in integrating with TRON.
SunPump Platform Fuels TRON Activity
To facilitate this integration, TRON has launched the SunPump platform, designed specifically for meme coin trading and development. This has dramatically boosted on-chain activity within the TRON blockchain.
Technical Analysis Indicates Bullish Momentum
Technical analysis reveals that the TRON price has formed a rounding bottom pattern and surpassed both the 50-day and 200-day Simple Moving Averages (SMAs). This indicates continued bullish momentum.
The Relative Strength Index (RSI) remains within the overbought region, suggesting strong buying pressure. The Moving Average Convergence Divergence (MACD) is also positive, supporting the bullish outlook.
Pepe Unchained Explodes in Popularity
The Pepe Unchained (PEPU) meme coin has gained significant traction, raising over $9.7 million in total funds. This alternative to the original Pepe aims to provide a decentralized and affordable solution for meme coin enthusiasts.
Investment Opportunities
Investors are urged to consider investing in PEPU tokens, which can be purchased for $0.0091996 each. A price hike is anticipated shortly, making it an attractive investment opportunity.
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