- Bullish TRX price prediction is $0.07431 to $0.12341.
- TRON (TRX) price might also reach $0.35 soon.
- Bearish TRX price prediction for 2022 is $0.03961.
In TRON (TRX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about TRX to analyze the future movement of the cryptocurrency.
TRON (TRX) Current Market Status
According to CoinGecko, the price of TRON (TRX) is $0.05998 with a 24-hour trading volume of $432,646,532 at the time of writing. However, TRX has decreased by nearly 3.51% in the last 24 hours.
Moreover, TRON (TRX) has a circulating supply of 92,360,706,724TRON. Currently, TRON (TRX) trades in cryptocurrency exchanges such as Binance, KuCoin, Gate.io, LBank, and FTX.
What is TRON (TRX)?
TRON (TRX) exists as the native crypto coin on the TRON blockchain. TRON was founded by Justin Sun and is managed by the TRON Foundation. Initially, TRX was launched as an ERC-20 token on the Ethereum blockchain in 2017. Later in 2018, TRX migrated onto its native blockchain. TRON blockchain runs based on the delegated proof-of-stake (DPoS) consensus mechanism.
TRON (TRX) is utilized as a governance token on the blockchain granting voting rights. It is also deployed as credit card payments too. Even more, TRX continues to stay as a potential payment option for content creators.
TRON (TRX) Price Prediction 2022
TRON (TRX) holds the 16th position on CoinGecko right now. TRX price prediction 2022 is explained below with a daily time frame.
The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.
As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.
Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.
Currently, TRON (TRX) is in the range of $0.05998. If the pattern continues, the price of TRX might reach the resistance levels of $0.08775, $0.12325, and $0.17770. If the trend reverses, then the price of TRX may fall to $0.05071.
TRON (TRX) Support and Resistance Levels
The chart below shows the support and resistance levels of TRON (TRX).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for TRON (TRX).
|Resistance Level 1||$0.07431|
|Resistance Level 2||$0.09390|
|Resistance Level 3||$0.12341|
|Support Level 1||$0.05353|
|Support Level 2||$0.03961|
The charts show that TRON (TRX) has performed a bullish trend over the past month. If this trend continues, TRX might run along with the bulls overtaking its resistance level at $0.12341.
Accordingly, if the investors turn against crypto, the price of TRON (TRX) might plummet to almost $0.03961 a bearish signal.
TRON (TRX) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of TRON (TRX) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of TRX lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of TRON (TRX) is shown in the chart above. Notably, TRON’s (TRX) price lies below 50 MA (short-term), so it is in a downtrend. Currently, TRX has entered a bullish state. Therefore, there is a possibility of a reversal trend of TRX at any time.
Meanwhile, the relative strength index (RSI) of the TRX is 42.45. This means that TRON (TRX) is in a nearly oversold state. However, this means a major price reversal of TRX may occur in the upcoming days. So, traders need to trade carefully.
TRON (TRX) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of TRON (TRX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of TRON (TRX). Currently, the ADX of TRX lies in the range of 15.44 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of TRON (TRX). RVI measures the constant deviation of price changes over a period of time. The RVI of TRX lies above 50, indicating high volatility. In fact, the RSI of TRON (TRX) is at 42.45 thus confirming a potential sell signal.
Comparison of TRX with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and TRON (TRX).
From the above chart, we can interpret the trend of TRX is moving in the same direction as BTC and ETH. That is when the price of BTC and ETH increases or decreases the price of TRX increases or decreases respectively.
TRON (TRX) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, TRON (TRX) might probably attain $0.7 by 2023.
TRON (TRX) Price Prediction 2024
With several upgrades in the network, TRON (TRX) might enter a bullish trajectory. If the coin grabs the attention of major investors, TRX might rally to hit $1 by 2024.
TRON (TRX) Price Prediction 2025
If TRON (TRX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, TRX would rally to hit $1.5.
TRON (TRX) Price Prediction 2026
If TRON (TRX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, TRX would rally to hit $1.5.
TRON (TRX) Price Prediction 2027
If TRON (TRX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, TRX would rally to hit $2.2.
TRON (TRX) Price Prediction 2028
If TRON (TRX) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, TRX would hit $3.7 in 2028.
TRON (TRX) Price Prediction 2029
If investors flock in and continue to place their bets on TRON (TRX), it would witness major spikes. TRX might hit $4 by 2029.
TRON (TRX) Price Prediction 2030
With greater advancements in the TRON ecosystem, the crypto community might continue to invest in TRX for the next 8 years and drive significant price rallies for the token. Hence, TRON (TRX) might hit $4.5 by 2030.
With continuous improvements in the TRON network, we can say that 2022 is a good year for TRX. For this reason, the bullish price prediction of TRON (TRX) in 2022 is $0.0.12341. On the other hand, the bearish price prediction of TRON (TRX) price prediction for 2022 is $0.03961.
Furthermore, with the advancements and upgrades to the TRON ecosystem, the performance of TRX would help to reach above its current all-time high (ATH) of $0.231673 very soon. But, it might also reach $0.35 if the investors believe that TRX is a good investment in 2022.
TRON (TRX) runs on its native TRON blockchain which was launched in 2018. It is based on the delegated proof-of-stake (DPoS) consensus mechanism.
2. Where can you purchase TRON (TRX)?
TRON (TRX) has listed on many crypto exchanges which include Binance, KuCoin,Gate.io, LBank, FTX.
With the ongoing developments and upgrades within the TRON platform, TRX has a high possibility of reaching its ATH soon.
On January 05, 2018 TRON (TRX) reached its new all-time high (ATH) of $0.231673
TRON (TRX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of TRON in the past few months, TRX is considered a good investment in 2022.
TRON (TRX) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then TRON (TRX) will hit $0.35 soon.
TRON (TRX) price is expected to reach $0.7 by 2023.
TRON (TRX) price is expected to reach $1 by 2024.
TRON (TRX) price is expected to reach $1.5 by 2025.
TRON (TRX) price is expected to reach $2.2 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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