This TRON (TRX) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our TRX price analysis and prediction.
The crypto industry continues to grow. Many crypto projects pursue improvements to their technologies to stay competitive. Moreover, TRON continues to be one of the most active protocols in the crypto space. In the past few months, TRON has built strong partnerships and projects in the crypto industry. A few months ago, Alchemy Pay integrated with TRON to allow TRX payments in a partnership. TRX investors have received a return on investment of about 7.6% in the past year.
TRON remains dedicated to providing a decentralized and boundary-free internet. Its strong relationship with BitTorrent enables TRX users to directly access applications, content, and media of the network.
Now that we already know some of TRON’s achievements in the past months, would TRON be a profitable investment in 2022? Let’s find out in this CoinQuora TRON Price Analysis and Price Prediction. But before that, let us first know what is TRON.
Table of contents
- Introduction
- What Is TRON (TRX)?
- TRON (TRX) Current Market Status
- Price Analysis
- TRON (TRX) Price Analysis 2022
- Price Predictions
- TRON (TRX) Price Prediction 2022
- TRON (TRX) Price Prediction 2023
- TRON (TRX) Price Prediction 2024
- TRON (TRX) Price Prediction 2025
- TRON (TRX) Price Prediction 2026
- TRON (TRX) Price Prediction 2027
- TRON (TRX) Price Prediction 2029
- TRON (TRX) Price Prediction 2030
- Conclusion
- FAQ
What Is TRON (TRX)?
TRON (TRX) is the native cryptocurrency in the TRON network. Based in Singapore, TRON is led by CEO Justin Sun. The network aims to create a decentralized entertainment and content sharing network. In the TRON ecosystem, anyone can host their own content on the blockchain network more efficiently and cost-effectively.
The TRON network has its own mainnet called TRONSCAN. As a result, TRON is able to set its own rules and regulations that it deems necessary for the network. When it comes to TRON’s protocol, different decentralized applications (DApps) can run through its smart contract. Its latest DApp achievement is the launching of the DLive protocol of its BitTorrent partner.
Now that we already know what is TRON, let us proceed to our TRON price analysis.
TRON (TRX) Current Market Status
As of the time of writing this Tron price analysis, TRX trades at $0.08126 with a 24-hour trading volume of $694,782,267. The price of TRX has increased by 0.29% in the last 24 hours.
Furthermore, TRX has a current circulating supply of 92.79B TRX according to CoinMarketCap. Currently, the top cryptocurrency exchanges for TRX are Binance, Huobi Global, Bithumb, Kucoin, Gate.io, and many more.
Now, let’s proceed to the next part of this TRX technical analysis for 2022.
TRON (TRX) Price Analysis 2022
Currently, Tron holds 13th place on CoinGecko. But will the latest upgrades, developments, and changes in the TRX blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this TRX price prediction article.
Accumulated/Distribution indicator is used to detect the bullish or bearish signal in a chart, through the use of divergence and confirmation. From the 1Day A/D chart of TRON above, it could be seen that the chart is in a consolidating market. However, the accumulated/distribution chart above for TRON (TRX) shows that both the chart and the A/D are moving in the same consolidating direction, which shows that TRX might be bullish if investors move in the direction of buying. Hence, we should expect a price rise in TRX soon.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for TRX, it could be seen that the present gain could continue since the last candlestick is within the first part of the Keltner Channel chart from the top. This shows that the present increase in the price of TRON (TRX) is will be sustained for some days before any reversal would be expected.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of TRON (TRX) 1day chart of TRXUSDT is at 54.69. This shows that TRX is showing a strong trend since it is between 50 and 70. This value is triggering a bullish run already since it seems that more buyers are repositioning as the value is moving towards the 70 RSI value which is the overbought region.
TRON (TRX) Price Prediction 2022
The chart below shows that Tron has performed better the past few days. However, the TRX price has increased by over 5.5% in the last 30 days. If this trend continues, TRX might run along with the bulls, breaking its $0.0.0874 resistance1 level and going higher to $0.1234 at resistance3 level, the bullish signal for 2022.
Conversely, if the investors turn against the crypto, the bears might take over and pull TRX from its uptrend position. In simpler terms, the price of TRX might decrease to almost $0.0536, a bearish signal.
Meanwhile, our long-term TRX price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.3004 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.
If this bullish trend continues, TRX will reach $0.1234 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.1012. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $0.4 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
TRON (TRX) Price Prediction 2023
If TRX holds an RSI above 50 by the end of 2022, buyers will then have ample time and stability to forge the next attack mission on the vital level at $1.5, making it not plummet but play consistently.
TRON (TRX) Price Prediction 2024
As per the latest upgrades, developments, TRX price prediction, and new project forecasts of the platform, TRX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of TRX in the crypto market, and it will be the best investment as the price can spike and reach around $2.5.
TRON (TRX) Price Prediction 2025
In the next four years, TRX prices could race up to $4. However, reaching this level could not be so difficult for TRX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that TRX has a high possibility of reaching a new ATH soon in the next four years as per the prediction.
TRON (TRX) Price Prediction 2026
By 2026, the price of TRX would reach $6 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
TRON (TRX) Price Prediction 2027
As per the latest upgrades, developments, TRX price prediction, and new project forecasts of the platform, TRX investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of TRX in the crypto market, and it will be the best investment as the price can spike and reach around $10.
TRON (TRX) Price Prediction 2028
In the next seven years, TRX prices could race up to $20. However, reaching this level could not be so difficult for TRX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that TRX has a high possibility of reaching a new ATH soon in the next seven years as per the prediction.
TRON (TRX) Price Prediction 2029
As per the latest upgrades, developments, TRX price prediction, and new project forecasts of the platform, TRX investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of TRX in the crypto market, and it will be the best investment as the price can spike and reach around $50.
TRON (TRX) Price Prediction 2030
In the next nine years, TRX prices could race up to $100. However, reaching this level could not be so difficult for TRX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that TRX has a high possibility of reaching a new ATH soon in the next nine years as per the prediction.
Conclusion
TRON has a bright future ahead of it in 2022. With the ongoing developments happening within the TRX ecosystem, as well as in the overall crypto market, we may see TRX reach new heights.
Bullish TRX price prediction 2022 is $0.1234. As said above, it may even reach $0.4 if investors have decided that TRX is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
TRON (TRX) is the native cryptocurrency in the TRON network. Based in Singapore, TRON is led by CEO Justin Sun.
Users can obtain TRX coins by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.
TRX is a good investment in 2022. Moreover, TRX has a high possibility of surpassing its current ATH at about $0.3 this year.
Yes, it’s very much possible that TRX might reach $1 by 2022-2023 as per the current bullish trend.
TRON (TRX) price is expected to reach $0.1234 by 2022.
TRON (TRX) price is expected to reach $1.5 by 2023.
TRON (TRX) price is expected to reach $2.5 by 2024.
TRON (TRX) price is expected to reach $4 by 2025.
TRON (TRX) price is expected to reach $6 by 2026.
TRON (TRX) price is expected to reach $10 by 2027.
TRON (TRX) price is expected to reach $20 by 2028.
TRON (TRX) price is expected to reach $50 by 2029.
TRON (TRX) price is expected to reach $100 by 2030.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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