TRON is Trading 7.37% Above Our Price Prediction for Mar 10, 2024

TRON is Trading 7.37% Above Our Price Prediction for Mar 10, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • TRON is down -3.40% today against the US Dollar
  • TRX/BTC increased by 2.93% today
  • TRON is currently trading 7.37% above our prediction on Mar 10, 2024
  • TRON gained 14.53% in the last month and is up 102.13% since 1 year ago
TRON price$ 0.135767
TRON prediction $ 0.126442 (-8.78%)
Sentiment Bullish
Fear & Greed index 90 (Extreme Greed)
Key support levels$ 0.139789, $ 0.139048, $ 0.138164
Key resistance levels$ 0.141413, $ 0.142297, $ 0.143038

TRX price is expected to drop by -8.78% in the next 5 days according to our TRON price prediction

is trading at $ 0.135767 after losing -3.40% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.49% in the same time period. TRX performed well against BTC today and recorded a 2.93% gain against the world’s largest cryptocurrency.

According to our TRON price prediction, TRX is expected to reach a price of $ 0.126442 by Mar 10, 2024. This would represent a -8.78% price decrease for TRX in the next 5 days.

TRX Price Prediction Chart

Buy/Sell TRON

What has been going on with TRON in the last 30 days

TRON has been displaying a positive trend recently, as the coin gained 14.53% in the last 30-days. The medium-term trend for TRON has been bullish, with TRX increasing by 28.65% in the last 3 months. The long-term picture for TRON has been positive, as TRX is currently displaying a 102.13% 1-year price change. On this day last year, TRX was trading at $ 0.067170.

TRON reached its all-time high price on Jan 05, 2018, when the price of TRX peaked at $ 0.302062. The current TRX cycle high is $ 0.179725, while the cycle low is at $ 0.007350. TRX has been displaying low volatility recently – the 1-month volatility of the coin is at 5.67. TRON recorded 17 green days in the last 30 days.

TRON technical analysis for today – Mar 05, 2024

The sentiment in the TRON markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 0.139789, $ 0.139048 and $ 0.138164, while $ 0.141413, $ 0.142297 and $ 0.143038 are the key resistance levels.

Bullish sentiment for TRON

24 indicators are currently signaling a bullish prediction for TRON, while 6 indicators are showing a bearish forecast. With 80% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for TRON.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 90 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

TRON moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how TRON is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.130234 (BUY)$ 0.133361 (BUY)
MA5$ 0.133676 (BUY)$ 0.127657 (BUY)
MA10$ 0.137104 (SELL)$ 0.119710 (BUY)
MA21$ 0.136213 (SELL)$ 0.112813 (BUY)$ 0.223355 (SELL)$ 0.106375 (BUY)
MA50$ 0.123798 (BUY)$ 0.105614 (BUY)$ 0.130209 (BUY)$ 0.091157 (BUY)
MA100$ 0.114300 (BUY)$ 0.098315 (BUY)$ 0.084526 (BUY)$ 0.080025 (BUY)
MA200$ 0.100053 (BUY)$ 0.089554 (BUY)$ 0.072080 (BUY)$ 0.058463 (BUY)
PeriodValueAction
RSI (14)68.64NEUTRAL
Stoch RSI (14)0.00BUY
Stochastic Fast (14)50.74NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)71.82SELL
Awesome Oscillator (5, 34)0.01NEUTRAL
Momentum (10)0.00NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-49.26NEUTRAL
Ultimate Oscillator (7, 14, 28)51.47NEUTRAL
VWMA (10)0.14SELL
Hull Moving Average (9)0.14SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.13NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for TRON is at 68.64, suggesting that TRX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of TRON over the last 50 days. Currently, TRON is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the TRX closing price for the last 200 days. TRX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this TRON prediction

After considering the above factors, we can conclude that the current forecast for TRON price prediction is Bullish. TRX would have to decrease by -8.78% to hit our $ 0.126442 target within the next five days. Moving forward, it will be important to monitor the TRX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term TRON price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/38551/tron-prediction-march-05-2024/