Will TRX Price Hit $0.15 Soon?

One crypto trader on Twitter tweeted that we can expect a high price for TRON to reach after breaking out of the 4-year triangle. He also stated that the move can take TRON up to $10. 

TRON (TRX) Current Market Status

The maximum supply of TRON (TRX) is unknown while its circulating supply is 90,849,579,529 TRX according to CoinMarketCap. At the time of writing, TRX is trading for $0.06494 which represents a 24-hours increase of 1.71%. The trading volume of TRON in the past 24 hours is $259,193,224 which represents a 37.45% decrease.

Some top cryptocurrency exchanges for trading TRON (TRX) are Binance, Huobi Global, Kucoin, FTX, Gate.io, and others.

Now that you know what TRX is and its current market status, we shall discuss the price analysis of TRON (TRX) for 2023.

TRON (TRX) Price Analysis 2023

Currently, TRX is ranked in the 16th position on CoinMarketCap. Will developments and upgrades within the TRON community lead to a rise in the price of TRON (TRX)? We shall see this in this Coin Edition price analysis 2023 article.

TRON (TRX) Price Analysis – Keltner Channel

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 TRON (TRX), it could be seen that the present bullish run could end since the recent candlesticks are within the lower half of the chart from the top. Moreover, there is a huge gap between the upper and the lower band, which could indicate that a trend reversal could happen soon. Traders should closely watch out for any reversals for TRX before confirming the trend.

TRON (TRX) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of TRON (TRX) 1-day chart of TRX/USDT is at 46.86.  This shows that TRX is showing a weak trend since it is between 50 and 30. This value could trigger a further bearish run if more sellers continue to sell their TRX, thus, ending up in the oversold region. Investors should wait for a few retracements before entering the trade to lower the risks.

TRON (TRX) Price Analysis – Moving Averages

The chart above shows the 1Day chart of TRX 200-day and 50-day Moving Average (MA). Presently, TRX is showing signs of consolidation as it is trading between the 50MA and the 200MA. However, the 50 MA is above the 200MA indicating a possible bull run over time. Also, since the gap between the moving averages remains constant and within the recently formed candlesticks, the price of TRON (TRX) might experience a big rise or fall in the future. If TRON is able to cross over 50-MA and 200-MA, we can expect it to become bullish again.

TRON (TRX) Price Prediction 2023

Looking at the daily chart of TRON, we can see that that price shows signs of consolidation, as it is trading in between the 50MA and the 200MA. If TROn goes above the 50 MA it could reach the Resistance $0.7100 and go even higher.  The RSI has also crossed the SMA and went below it, indicating that there is a chance of bearish sentiment.

Another possibility that TRX can reach as low as $0.5115 if TRX breaks out below the 200MA and touch the current support. Investors should wait for confirmation patterns before entering the trade for a better risk-to-reward ratio.

TRON (TRX) Price Prediction – Resistance and Support Levels

TRON price was swinging between $0.0637 and $0.0688 within the past 30 days. TRON is now slightly up after almost touching its support. However, if the bulls don’t have enough strength to push TRON price above, another touch to the support level can occur. If TRON breaks the current support and falls lower, we can expect TRON to reach $0.0504. 

Moreover, another scenario of TRON is bullish when TRON can reach to its resistance level and rises higher. If so, TRON  can reach $0.079. Investors should wait for a few retracement or pullback before taking the trade for a low risk.

TRON (TRX) Price Prediction 2024

TRON (TRX) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.1781, making it not plummet but play consistently. Additionally, this could only be possible if TRX breaks through past psychological resistance levels.

TRON (TRX) Price Prediction 2025

TRON (TRX) prices might grow past $0.2187 during the next three years. Furthermore, hitting this level might not be so tough for TRX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, TRX has a strong chance of reaching a new all-time high (ATH) price.

TRON (TRX) Price Prediction 2026

Since the maximum supply of TRX will be reached by 2026, the bearish market that follows a BONE bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the price of TRX could break the usual trend and trade at $0.2640 by the end of 2026.

TRON (TRX) Price Prediction 2027

TRON (TRX) prices might grow past $0.3092 during the next five years. Furthermore, hitting this level might not be so tough for TRX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, TRX has a strong chance of reaching a new all-time high (ATH) price.

TRON (TRX) Price Prediction 2028

TRON (TRX) prices might grow past $0.3656 during the next six years. Furthermore, hitting this level might not be so tough for TRX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, TRX has a strong chance of reaching a new all-time high (ATH) price.

TRON (TRX) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. TRON (TRX) prices might grow past $0.4185 during the next seven years. 

TRON (TRX) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. TRON (TRX) prices might grow past $0.4757 during the next eight years. According to the forecast, TRX has a strong chance of reaching a new all-time high (ATH) price.

TRON (TRX) Price Prediction 2040

According to our long-term TRON price estimate, TRON prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $2 by 2040. If the market turns bullish, the price of TRX could go up beyond what we predicted for 2040.

TRON (TRX) Price Prediction 2050

According to our TRON forecast, the average price of TRON in 2050 might be above $38. If more investors are drawn to TRON between these years, the price of TRON in 2050 could be far higher than our projection.

Conclusion

As said above, TRON might reach $0.25 in 2022 and $1 by 2030 if investors have decided that TRX is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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