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TRON

TRON (TRX) price recently experienced a notable increase, rising over 15% in the past week. This uptick coincides with a broader recovery across global markets, signaling a positive shift for investors. The surge reflects a growing confidence in TRX, fueled by sustained bullish momentum in the cryptocurrency sector.&nbsp;
<h2 id="strong-tron-price-rises-as-judge-sides-with-justin-sun-over-sec-in-key-legal-battle-strong">TRON Price Rises as Judge Sides with Justin Sun Over SEC in Key Legal Battle</h2>
TRON Price prevailed in a recent legal decision.&nbsp; As previously reported by Coingape media, a New York federal judge <a href="https://coingape.com/tron-wins-round-as-judge-denies-sec-request-in-securities-suit/" rel="noopener noreferrer nofollow">dismissed the SEC’s motion</a> to hasten the lawsuit it filed against the Tron Foundation and its CEO, Justin Sun.&nbsp;
The court’s ruling delayed the SEC’s attempt to sort out initial legal issues before possibly going to trial. The <a rel="noopener noreferrer nofollow" href="https://www.courtlistener.com/docket/67071330/73/securities-and-exchange-commission-v-sun/">SEC</a> had sought an earlier pre-trial meeting and the ability to file more documents in its case involving Tron, the BitTorrent Foundation, and Rainberry Inc. This development represents a legal hiccup for the SEC in its enforcement efforts.
<h2 id="strong-tron-price-surge-meme-leaders-propel-trx-to-new-heights-strong">TRON Price Surge: Meme Leaders Propel TRX to New Heights</h2>
The TRON price is poised for significant growth as key meme community leaders are eager to integrate their platforms. In a recent discussion, the leader shared their plans to transition millions of users to TRX’s burgeoning ecosystem. This move is anticipated to amplify network activity and escalate the overall value of Tron.
<blockquote class="twitter-tweet">
 Today, I talked with several major meme community leaders about the meme ecosystem on Tron. They said they plan to bring millions of users <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> to the Tron community and can’t wait to join the Tron ecosystem as soon as possible. They’re already here—what about you? TO THE SUN<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31e.png" alt="🌞" class="wp-smiley" style="height: 1em; max-height: 1em;">
 — H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) <a rel="noopener noreferrer nofollow" href="https://twitter.com/justinsuntron/status/1825614186363367805?ref_src=twsrc%5Etfw">August 19, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Justin Sun emphasized their readiness to tap into the Tron network, foreseeing a substantial rise in user engagement. This development could elevate Tron’s position in the digital market, making it a central hub for meme coin enthusiasts.
<h2 id="strong-tron-price-analysis-trx-rises-by-6-more-gain-ahead-strong">TRON Price Analysis: TRX Rises by 6%; More Gain Ahead?</h2>
Over the past 24 hours, the Tron price has seen a significant uptick. At the time of writing, the <a href="https://coingape.com/price/tron/" rel="noopener noreferrer nofollow">TRX price</a> hovered at $0.1461 during U.S. trading hours, making a strong surge of 6%. Tron has climbed into the top 10 cryptocurrencies by market cap, surpassing Cardano, and now holds the 10th position with a market capitalization of $12 billion.&nbsp;
TRON price shows signs of a bullish trend, with its value rising. If this upward trend holds, we could see the price reaching as high as $0.2 and even touching a new all-time high at $0.3.
<figure id="attachment_213182" aria-describedby="caption-attachment-213182" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-213182" src="https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_14-16-15.png" alt="TRON Price Eyes ATH, Surpassing ADA Amid Legal Victory" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_14-16-15.png 1154w, https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_14-16-15-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_14-16-15-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_14-16-15-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-213182" class="wp-caption-text">
 TRON Price
 </figcaption>
</figure>
According to <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/tron/">CoinMarketCap</a>, the trading volume has surged by 151% to $784 million, indicating robust market activity and growing investor interest in TRX.
The moving average convergence divergence (MACD) indicates a potential uptrend. The MACD line has crossed above the signal line, suggesting a bullish momentum. Additionally, the relative strength index (RSI) indicates that the asset is overbought with a value exceeding 87, fueling a bullish trend.
<figure id="attachment_213181" aria-describedby="caption-attachment-213181" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-213181" src="https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_12-33-02.png" alt="TRON Price Eyes ATH, Surpassing ADA Amid Legal Victory" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_12-33-02.png 1154w, https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_12-33-02-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_12-33-02-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/08/TRXUSD_2024-08-20_12-33-02-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-213181" class="wp-caption-text">
 TRON Price Chart| Source: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/3omhQBDI/">TrdaingView</a>
 </figcaption>
</figure>
On the flip side, If market conditions sour, the <a href="https://coingape.com/price-predictions/tron-trx-price-prediction/" rel="noopener noreferrer nofollow">TRON price prediction</a> is expected to level off at around $0.14. If the downturn persists, the price may decline to approximately $0.135, ushering in a bearish period.
The post <a href="https://coingape.com/markets/tron-price-eyes-ath-surpassing-ada-amid-legal-victory/" rel="noopener noreferrer nofollow">TRON Price Eyes ATH, Surpassing ADA Amid Legal Victory</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

TRON Price Eyes ATH, Surpassing ADA Amid Legal Victory

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