Prices of Tron (TRX) & BinanceCoin (BNB) Just Hit A New ATH—Which Coin is Next?
Bitcoin price continues to trade within a tight range, paving the way for growth in other altcoins. While large-cap tokens are gaining traction, tokens in the top 10 have performed exceptionally well over the past few days. Binance Coin (BNB), which usually makes no noise during its expansion, just hit a new high of $773.26, while Tron (TRX) is up more than 100%, surpassing its 6-year high at $0.44.
Now that the coin has entered the discovery phase, the next move could be very optimistic.
Binance Coin (BNB) clears path to $1,000
this Binance Coin Price A massive bullish attack has been launched and is about to show a 2021-like move. The technical picture reflects a bull market pattern, suggesting that the price may achieve a 100% rebound to $1,000 in a short period of time. However, bearish activity is expected to increase, which may slow the pace, but bulls appear confident of pushing the price towards four-digit levels.
BNB price broke the final resistance level around $700 and rose 20% to reach new highs. However, the rally doesn’t appear to be stopping there, as technicals suggest prices are just starting to rise. The MACD shows rising buying pressure while remaining within positive territory. Additionally, the RSI is about to enter overbought territory, which could trigger a 100% move into 4 digits in the first few weeks of 2025.
Tron (TRX) price expected to reach $1
this TRON price The massive surge of over 100% in just a few hours pushed it towards a new ATH of $0.44. The main reason is increased liquidity as Tether mints new USDT on the Ethereum and Tron networks. As a result, the token’s trading volume surged over 500%, becoming the fourth most traded asset on the day after USDT, BTC, ETH, and XRP.
Bulls appear to have gained significant strength, but the current trading pattern suggests there may be some room for a pullback. The price is testing the upper resistance of the rising wedge, and if broken, the price will surge to $0.7 and face a retracement to $0.5 before rebounding to $1. However, the monthly RSI has reached above 91, indicating that a relaxation phase may begin soon. This could see the price consolidate within the wedge until it reaches the top and subsequently breaks above $1.
