TRON (TRX) Price Prediction 2024-2030: Will TRX Price Hit $1 Soon?

• Bullish TRON Price prediction ranges from $0.5 to $1.
• Analysis suggests that the TRON price might reach above $0.5.
• The TRON Bearish market price prediction for 2024 is $0.15.

Tron was found with the sole intention of giving 100% ownership to digital content creators and rewarding them. Originally TRX tokens were ERC-20-based tokens deployed on Ethereum, but a year later they were moved to their own network. By giving full ownership to the digital content creator TRON aimed at cutting down on the cost content creators lost to intermediaries. 

TRON (TRX) Price Prediction 2024-2050 Overview

What is TRON (TRX)?

TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. As the entertainment industry continues its digital transformation,TRON aims at removing centralized platforms—like streaming services, app stores, and music sites—to reduce the hefty commissions creators often lose to middlemen. This shift could also lower costs for consumers and thereby TRON may be well-positioned to leverage blockchain technology in this space.

TRON (TRX) Price Analysis

Will the TRON’s most recent improvements, additions, and modifications help its price rise? Will content creators see the potential that TRON brings to the table and embrace it with both hands? 

TRON (TRX) Price Analysis – Bollinger Bands

The Bollinger bands are primarily three bands– the upper band, middle band and lower band. These bands expand and contract based on the market dynamics. The middle band is the average, while the upper band and lower band are the extreme ends that the price rises or falls to. Based on how the traders interact, the bands expand and contract. When the band expands, there could be a rise or fall of price by a huge margin. However, on the contrary when the band shrinks, there is not going to be much fluctuation in prices. 

At press time, TRX is priced at $0.38 and after touching the upper Bollinger band, the market seems to have corrected the prices. Even after losing some value TRX does not seem to have come within the Bollinger bands. As such, there could be a further retracement for TRX in the future. According to its behavior in the recent past, TRX may look for support from the SMA. 

TRON (TRX) Price Analysis – Relative Strength Index 

The Relative Strength Index (RSI) indicator used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold (<30), many are selling, as such, its price is undervalued.

The RSI for TRX reads a value of 80 which is extremely overbought, However, the RSI has redirected and it is moving downwards toward the SMA. Traders may need to be wary, since when the RSI crosses the SMA, the uptrend may come to an end. On the flip side, the RSI is also notorious for giving out false alarms, hence, traders may need to be vigilant. 

TRON (TRX) Price Analysis – Moving Average Convergence and Divergence (MACD)

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value. 

The MACD line is in the positive region and it reads a value of 0.0194, positioned just above the SMA. This shows that compared to the last 26 days TRX has been performing above average during the last 12 days. However, MACD is in an uncharted territory where it has never been, therefore, it will be interesting to see how long the MACD will be able to survive in this new territory. 

TRON (TRX) Price Prediction 2024

When looking at the chart above it could be noted that TRX is increasing exponentially. After touching support 1 at $0.5-$0.65, it rose rapidly. The resistance 1 and resistance 2 were not an obstacle to TRON’s movement in the upward direction.

Currently, TRON is priced at $0.38, however, there is a potential that it could reach $0.5 by the end of 2024, if the buyers keep the pressure up. Nonetheless in the adverse situation where the bears take over, then, TRON may be looking to land on support 1 at $0.15. 

TRON (TRX) Price Prediction 2025

Based on the exponential rise of TRON, there is a high potential for TRON to rise towards $1 by the end of 2025. The above statement for TRON’s bullish view could be supplemented by the bull run 2025. But before TRX can reach $1, there are a few obstacles it may need to clear. For instance, it has the $0.6 resistance level on the way. Moreover, the gap between $0.6 and $1 is huge and it might be difficult for TRX to rise to $1. 

TRON (TRX) Price Prediction – Resistance and Support Levels

When looking at the chart above, the first thing to notice is the price range gap. From mid 2018 to 2021 the price range that TRX was trading at was very narrow, however, the current price range that TRX is trading at is very wide. This shows that there is more activity going. In the event, TRX fails to keep up with the support along the diagonal support level (broken blue line), there is a high chance that it could fall to support 1. 

TRON (TRX) Price Prediction 2026

As per the market cycle, it is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, the TRON could tumble into its support regions. During this period of price correction, TRON could lose momentum and be way below its 2025 price. As such, it could be trading at $0.75 by 2026. 

TRON (TRX) Price Prediction 2027

During this period, the market would be healing from the deep lacerations of the bear. With traders being tentative, there might not be much movement in the market, as it consolidates. As such, we could expect TRON (TRX) to trade at around $0.95 by the end of 2027. 

TRON (TRX) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, TRON may reciprocate its past behavior during the BTC halving. Hence, TRON (TRX)  would be trading at $1.25 after experiencing a considerable surge by the end of 2028. 

TRON (TRX) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, TRON (TRX) could be trading at $3.5 by the end of 2029.

TRON (TRX) Price Prediction 2030

After witnessing a bullish run in the market, TRON and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, TRON (TRX) could be trading at $2.8.

TRON (TRX) Price Prediction 2040

The long-term forecast for TRON Indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point. 

If they start selling then TRON could fall in value. It is expected that the average price of TRON (TRX) could reach $7 by 2040.

TRON (TRX) Price Prediction 2050

Since cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such TRON (TRX) could reach $12.

Conclusion

TRON is a cryptocurrency that has a lot of potential. In recent times, it has become popular  and it is reflected by the exponential rise. With more budding digital content creators, the ecosystem might gain popularity and might increase in value, hence, TRX may reach $0.5.  

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