TROX price prediction for 2024, 2025, and 2026 favors the bulls and suggests an uptrend is likely to continue. However, in the upward journey, short-term correction will also be visible.
TRX price is trading inside the upward-rising channel and forming a bullish continuation pattern. The short-term retracement is taking support near to the 50-day EMA indicating that buyers are active at lower levels.
The swings lows are shifting higher, showcasing the dominance of bulls. In the last two months, TRX crypto price had performed well and rallied 30% approx. from September lows.
Meanwhile, gradually, the buying volume is also on the rise indicating that the recent rally is fueled by genuine buyers.
TRON price had gone far away from the 50-day and 200-day EMA. So, the price looks mild, overstretched, and overbought. Due to this, a minor profit booking may come and the price may retrace down the 50-day EMA once before heading higher.
At the time of writing, TRX price is trading at $0.09677 with an intraday decline of -1.34%. However, the pair of TRX/BTC is trading at $0.00000278 with a one-day decline of -1.07%.
TRON Price Prediction 2024: 50% Upside Possible From Current Price
TRON price prediction for 2024 is highly bullish and suggests upward momentum is likely to continue. TRX price trading near the YTD high denotes that the bulls are more aggressive as compared to bears.
In the 2024 bull run, the industry leaders are expected to perform well and TRON is one of them. The analysis suggests that TRX crypto is in bulls’ grip and 40% to 50% upside looks easily achievable by the end of 2024.
TRON Price Prediction for Upcoming Years
In 2024, TRX price may hit a potential high of $0.15000 and the average trading price is expected to be near $0.1200. However, if any uncertain events hit the overall crypto market, then TRON crypto might fail to achieve this mark.
In 2025, TRON price prediction suggests multi-year high breakout may be visible. If buyers can sustain the price above $0.15000, then the price may hit a high of $0.1800. The average price in 2025 is expected to be near $0.13000.
In the first half of 2026, bears may come forward and try to restrict the upside of TRX. Moreover, the probability is that TRON crypto may spend time in the consolidation phase.
Conclusion
TRON price prediction for 2024, 2025, and 2026 is bullish and the breakout of a multi-year high may be visible.
At present, TRX price is in an uptrend and bullish momentum is likely to continue. The analysis suggests the TRX price may fly toward $0.18000 and beyond in the coming years.
Technical Levels
- Resistance levels: $0.13000 and $0.15000
- Support levels: $0.09080 and $0.08478
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/11/06/tron-price-prediction-2024-2026-how-much-trx-price-may-fly/