TRX Price Analysis: Justin Sun Tron Standing Strong at Top 10

Crypto is one of the most competitive niches in the world right now. And to be on top of crypto, you need to be the guy that takes balls. Justin Sun is exactly this guy. Not only he has balls, he is also a billionaire and the creator of one of the biggest crypto projects TRX ▼-0.73%. It’s time to look closely at TRX price analysis and Justin’s adventurous life.

With a $26,8 billion market capitalization, TRON is sitting at #8 in CoinGecko charts. The casual volume of $470 million for the last 24 hours and the price of the coin at the time of the writing at $0.2832. This is something that not everybody can build.

TRX Price Analysis and What to Expect

When you look at the weekly time-frame chart of TRX, you just cannot unsee it. It is one constant grind upwards like a staircase to heaven, or financial freedom, some could say.

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When we jump to a smaller time frame, like daily, you can see a well-structured chart. First, we have a huge spike to the $0.44 price mark, then immediately cool off back to a consolidating channel between $0.22 and $0.26 mark.

On the volume profile, we can see that this consolidation has been very strong from a volume perspective and will act as support in the future. Though it feels like it is not going to be needed.

Right now, the price is staying very strong and consolidating in a new parallel channel between the $0.26 and $0.29 mark.

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Although many people are talking against Justin and his project, TRX, there is no sign that either of them is performing badly. This leaves us with the question: Can TRON become a top 5 project or even replace Ethereum as the #2 by capitalization in the future?

Justin Sun is also well-known outside the crypto world. He has been on the cover of Forbes, calling him “Crypto’s Billionaire Barker.”

From a visionary to a global force — honored to be featured on Forbes as Crypto’s Billionaire Barker. TRON’s journey continues, powering a global payment system with 300 million users and counting. Decentralization will prevail. pic.twitter.com/m6FXcbrvMJ

— H.E. Justin Sun

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