Tron (TRX): Analyst Predicts Short-Term Dip Despite Long-Term Strength

A cryptocurrency analyst is growing optimistic about Tron (TRX) after its value surged by over 20% in the past month.

Crypto expert Altcoin Sherpa shared in a recent YouTube update that TRX has shown strong performance compared to many other altcoins in recent years.

Sherpa notes that TRX’s price has approached its all-time highs from March 2021, which is a rare achievement among cryptocurrencies.

However, despite this strong performance, he currently finds Tron’s chart less promising and expects a potential decline in the short term.

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Sherpa suggests that while TRX remains a strong altcoin overall, it may face a pullback. He advises watching for possible entry points around $0.143 to $0.142 but warns that buying now could be risky.

Alexander Stefanov