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TRON Price Prediction – Will TRX hit $0.4 Soon?

TRON-TRX-Price-Prediction Prediction
  • Bullish TRX price prediction ranges from $0.071 to $0.15.
  • TRX price might also reach $0.4 soon.
  • TRX bearish market price prediction for 2022 is $0.024.

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 80% 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.

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.

TRX Current Market Status

As of the time of writing this Tron price analysis, TRX trades at $0.06001 with a 24-hour trading volume of $677,083,145. The price of TRX has increased by 0.28% in the last 24 hours.

Furthermore, TRX has a current circulating supply of 101.08B TRX. Currently, the top cryptocurrency exchanges for TRX are BinanceHuobi GlobalBithumb, 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

Currently, Tron holds 26th 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.

TRX/USDT 1Day Chart showing Accumulation/Distribution
TRX/USDT 1Day Chart showing Accumulation/Distribution (Source: Tradingview)

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 on uptrend. However, the accumulated/distribution chart above for TRON (TRX) shows that both the chart and the A/D are moving in the same direction, which shows that TRX is bullish. Hence, we should expect a price rise in TRX since the A/D indicates so.

TRX/USDT 1Day Chart showing Keltner Chart Pattern
TRX/USDT 1Day Chart showing Keltner Chart Pattern (Source: Tradingview)

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 not close to the bottom curve in the Keltner Channel chart above. 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.

TRX/USDT 1Day Chart Showing Relative Strength Index
TRX/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

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 41.98.  This shows that TRX is showing a neutral trend since it is between 30 and 50. This value is triggering a bullish run already since it seems that more buyers are repositioning as the value is moving towards the 50 RSI value from the oversold region of RSI value of 30.

TRON (TRX) Price Prediction

The chart below shows that Tron has performed better the past few days. However, the TRX price has increased by over 7.3% in the last 7 days. If this trend continues, TRX might run along with the bulls, breaking its $0.0.06474 resistance level and going higher.

TRX/USDT 1Day Chart Showing Resistance and Support Levels
TRX/USDT 1Day Chart Showing Resistance and Support Levels (Source: Tradingview)

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 $0.02407, 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 this year. However, that will only happen if it breaks many previous psychological resistances.

TRON (TRX) Price Prediction 2022

If this bullish trend continues, TRX will reach $0.15 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.12. 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

If there will be more upgrades and developments in 2024, the TRX price predictions and project forecasts may change. Moreover, these may boost the price of TRX. We can say that the price can still go bullish and spike up to 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 five 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.

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 $0.15. 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

What is TRX?

TRON (TRX) is the native cryptocurrency in the TRON network. Based in Singapore, TRON is led by CEO Justin Sun.

How to buy TRX Coins?

Users can obtain TRX coins by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.

Will TRX surpass its current ATH?

TRX is a good investment in 2022. Moreover, TRX has a high possibility of surpassing its current ATH at about $0.3 this year.

Can TRX reach $1 soon?

Yes, it’s very much possible that TRX might reach $1 by 2022-2023 as per the current bullish trend.

What will be the TRON price by 2022?

TRON (TRX) price is expected to reach $0.15 by 2022.

What will be the TRON price by 2023?

TRON (TRX) price is expected to reach $1.5 by 2023.

What will be the TRON price by 2024?

TRON (TRX) price is expected to reach $2.5 by 2024.

What will be the TRON price by 2025?

TRON (TRX) price is expected to reach $4 by 2025.

What will be the TRON price by 2025?

TRON (TRX) price is expected to reach $6 by 2026.

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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Chukwuemeka is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.