Thursday, December 8, 2022
 

TRON (TRX) Price Prediction: Will TRX reach $0.15 in 2022?

  • Bullish TRX price prediction ranges from $0.07519 to $0.12583.
  • TRX price might also reach $0.15 this 2022.
  • TRX’s bearish market price prediction for 2022 is $0.05036.

TRON is a blockchain project that was launched in 2017 on the Ethereum network. Its native token TRX was initially launched as an ERC-20 token before it migrated to the TRON blockchain.

TRON investors are bullish on the token since it has a return on investment (ROI) of over 61 times in the past 5 years. The crypto bubble of late December 2017 and early January 2018, led to the surge in the price of TRX to its present all-time high (ATH) of $0.3008 which was attained in January 2018. Irrespective of the recent crypto winter, TRX investors are confident that the future of TRX is bullish.

If you are interested in the future of TRON (TRX) and would want to know the price analysis and price prediction of TRX for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is TRON (TRX)?

TRON (TRX) was launched in 2018 by Justin Sun. TRON migrated to its mainnet in 2018 after it was initially launched on the Ethereum blockchain.

Some of the top partners of TRON are BitTorrent, Opera, Samsung, Poloniex, Swisscom blockchain, and APENFT Marketplace.

With the launch of TRON’s sidechain project called DAppChain, creators of decentralized applications (DApps) can launch projects on TRON’s mainnet network. TRON blockchain is one of the cheapest in terms of transaction fees. It also affords creators unlimited capacity to launch projects that will enjoy the faster speed and lower energy consumption of the TRON network.

Some of the cryptocurrencies on the TRON mainnet are TRX, Bittorent (BTT), USDT, USDC, JST, and NFT. TRON mainnet operates on the delegated Proof-of-Stake (DPoS) mechanism unlike the Proof-of-Stake used by the Bitcoin blockchain. Tron blockchain can complete 2000 transactions per second (TPS).

TRON (TRX) Current Market Status

The maximum supply of TRON (TRX) is unknown while its circulating supply is 92,413,621,003 TRX according to CoinMarketCap. At the time of writing, TRX is trading for $0.06877 which represents a 24 hours decrease of 2.06%. The trading volume of TRON in the past 24 hours is $376.45 million which represents an 8.76% increase.

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

Now that you have known what TRX is and its current market status, we shall discuss the price analysis of TRON (TRX) for 2022.

TRON (TRX) Price Analysis 2022

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 CoinEdition price analysis 2022 article.

TRON (TRX) Price Analysis- Keltner Channel

RX/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
TRX/USDT 1Day Chart Showing Keltner Channel (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 TRON (TRX), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of TRX might be sustained before any reversal would be expected.

TRON (TRX) Price Analysis- Relative Strength Index

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

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) 1day chart of TRX/USDT is at 52.02.  This shows that TRX is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

TRON (TRX) Price Prediction-Moving Averages

TRX/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
TRX/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of TRX 200-day and 100-day Moving Average (MA). Presently, TRX is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is below the 100-MA, we can deduce the price is bullish for short-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of TRON (TRX) might experience a big rise or fall in the future.

TRON (TRX) Price Prediction 2022

TRX/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of TRON (TRX) was ranging between $0.08639 at the resistance2 level and $0.07519 at the resistance1 level, in the past few weeks, and then touched the $0.05036 support3 level and $0.06357 support1 level.

Irrespective of this sideways movement in the price of TRX, we can deduce the following:

  1. The price of TRON (TRX) is expected to reverse at the $0.07519 resistance1 level, due to the history at that price in March 2022. If investors have their way, the price of TRX could surge higher to the $0.08639 resistance2 level before reversing, due to the formation of a double top.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of TRX up to support3 level at $0.05036, until a triple bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term TRX price prediction for 2022 is bullish since it might break many psychological resistances. We can expect TRX to reach $0.15 this year.

TRON (TRX) Price Prediction-Resistance and Support Levels

TRX/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of TRX has increased by 5.1% in the past 14 days. If this price increase continues, TRX could break the $0.07519 resistance1 level and move higher to $0.12583 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of TRX might be dethroned from its present uptrend position. In simpler terms, TRX might trend below the $0.05036 support3 level, and even lower in 2022, a bearish signal.

TRON (TRX) Price Prediction 2023

TRON (TRX) might hit $0.25 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of TRX will see rapid growth to $0.2. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more TRX thereby reducing its volume in circulation. This could make the price of TRX reach $0.25 shortly.

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 $0.3, 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 $0.4 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

TRON (TRX) prices might grow past $0.5 during the next four 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 2027

TRON (TRX) prices might grow past $0.6 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 $0.7 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

TRON (TRX) prices might grow past $0.9 during the next seven 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 2030

TRON (TRX) prices might grow past $1 during the next eight 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.

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

What is TRON (TRX)?

TRX is the native token of the TRON blockchain.

How to buy TRON Token?

Like other cryptocurrencies, TRON (TRX) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, Kraken, and others.

Will TRON surpass its present ATH?

TRON has a low possibility of surpassing its present all-time high (ATH) price of $0.3008 in 2022.

When was TRON (TRX) launched?

It was launched in 2017.

What will be the TRON (TRX) price by 2023?

TRON (TRX) price is expected to reach $0.3 by 2023.

What will be the TRON (TRX) price by 2024?

TRON (TRX) price is expected to reach $0.4 by 2024.

What will be the TRON (TRX) price by 2025?

TRON (TRX) price is expected to reach $0.5 by 2025.

What will be the TRON (TRX) price by 2026?

TRON (TRX) price is expected to reach $0.6 by 2026.

What will be the TRON (TRX) price by 2027?

TRON (TRX) price is expected to reach $0.7 by 2027.

What will be the TRON (TRX) price by 2028?

TRON (TRX) price is expected to reach $0.8 by 2028.

What will be the TRON (TRX) price by 2029?

TRON (TRX) price is expected to reach $0.9 by 2029.

What will be the TRON (TRX) price by 2030?

TRON (TRX) price is expected to reach $1 by 2030.

  • Bullish TRX price prediction ranges from $0.07519 to $0.12583.
  • TRX price might also reach $0.15 this 2022.
  • TRX’s bearish market price prediction for 2022 is $0.05036.

TRON is a blockchain project that was launched in 2017 on the Ethereum network. Its native token TRX was initially launched as an ERC-20 token before it migrated to the TRON blockchain.

TRON investors are bullish on the token since it has a return on investment (ROI) of over 61 times in the past 5 years. The crypto bubble of late December 2017 and early January 2018, led to the surge in the price of TRX to its present all-time high (ATH) of $0.3008 which was attained in January 2018. Irrespective of the recent crypto winter, TRX investors are confident that the future of TRX is bullish.

If you are interested in the future of TRON (TRX) and would want to know the price analysis and price prediction of TRX for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is TRON (TRX)?

TRON (TRX) was launched in 2018 by Justin Sun. TRON migrated to its mainnet in 2018 after it was initially launched on the Ethereum blockchain.

Some of the top partners of TRON are BitTorrent, Opera, Samsung, Poloniex, Swisscom blockchain, and APENFT Marketplace.

With the launch of TRON’s sidechain project called DAppChain, creators of decentralized applications (DApps) can launch projects on TRON’s mainnet network. TRON blockchain is one of the cheapest in terms of transaction fees. It also affords creators unlimited capacity to launch projects that will enjoy the faster speed and lower energy consumption of the TRON network.

Some of the cryptocurrencies on the TRON mainnet are TRX, Bittorent (BTT), USDT, USDC, JST, and NFT. TRON mainnet operates on the delegated Proof-of-Stake (DPoS) mechanism unlike the Proof-of-Stake used by the Bitcoin blockchain. Tron blockchain can complete 2000 transactions per second (TPS).

TRON (TRX) Current Market Status

The maximum supply of TRON (TRX) is unknown while its circulating supply is 92,413,621,003 TRX according to CoinMarketCap. At the time of writing, TRX is trading for $0.06877 which represents a 24 hours decrease of 2.06%. The trading volume of TRON in the past 24 hours is $376.45 million which represents an 8.76% increase.

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

Now that you have known what TRX is and its current market status, we shall discuss the price analysis of TRON (TRX) for 2022.

TRON (TRX) Price Analysis 2022

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 CoinEdition price analysis 2022 article.

TRON (TRX) Price Analysis- Keltner Channel

RX/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
TRX/USDT 1Day Chart Showing Keltner Channel (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 TRON (TRX), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of TRX might be sustained before any reversal would be expected.

TRON (TRX) Price Analysis- Relative Strength Index

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

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) 1day chart of TRX/USDT is at 52.02.  This shows that TRX is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

TRON (TRX) Price Prediction-Moving Averages

TRX/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
TRX/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of TRX 200-day and 100-day Moving Average (MA). Presently, TRX is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is below the 100-MA, we can deduce the price is bullish for short-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of TRON (TRX) might experience a big rise or fall in the future.

TRON (TRX) Price Prediction 2022

TRX/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of TRON (TRX) was ranging between $0.08639 at the resistance2 level and $0.07519 at the resistance1 level, in the past few weeks, and then touched the $0.05036 support3 level and $0.06357 support1 level.

Irrespective of this sideways movement in the price of TRX, we can deduce the following:

  1. The price of TRON (TRX) is expected to reverse at the $0.07519 resistance1 level, due to the history at that price in March 2022. If investors have their way, the price of TRX could surge higher to the $0.08639 resistance2 level before reversing, due to the formation of a double top.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of TRX up to support3 level at $0.05036, until a triple bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term TRX price prediction for 2022 is bullish since it might break many psychological resistances. We can expect TRX to reach $0.15 this year.

TRON (TRX) Price Prediction-Resistance and Support Levels

TRX/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of TRX has increased by 5.1% in the past 14 days. If this price increase continues, TRX could break the $0.07519 resistance1 level and move higher to $0.12583 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of TRX might be dethroned from its present uptrend position. In simpler terms, TRX might trend below the $0.05036 support3 level, and even lower in 2022, a bearish signal.

TRON (TRX) Price Prediction 2023

TRON (TRX) might hit $0.25 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of TRX will see rapid growth to $0.2. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more TRX thereby reducing its volume in circulation. This could make the price of TRX reach $0.25 shortly.

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 $0.3, 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 $0.4 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

TRON (TRX) prices might grow past $0.5 during the next four 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 2027

TRON (TRX) prices might grow past $0.6 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 $0.7 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

TRON (TRX) prices might grow past $0.9 during the next seven 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 2030

TRON (TRX) prices might grow past $1 during the next eight 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.

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

What is TRON (TRX)?

TRX is the native token of the TRON blockchain.

How to buy TRON Token?

Like other cryptocurrencies, TRON (TRX) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, Kraken, and others.

Will TRON surpass its present ATH?

TRON has a low possibility of surpassing its present all-time high (ATH) price of $0.3008 in 2022.

When was TRON (TRX) launched?

It was launched in 2017.

What will be the TRON (TRX) price by 2023?

TRON (TRX) price is expected to reach $0.3 by 2023.

What will be the TRON (TRX) price by 2024?

TRON (TRX) price is expected to reach $0.4 by 2024.

What will be the TRON (TRX) price by 2025?

TRON (TRX) price is expected to reach $0.5 by 2025.

What will be the TRON (TRX) price by 2026?

TRON (TRX) price is expected to reach $0.6 by 2026.

What will be the TRON (TRX) price by 2027?

TRON (TRX) price is expected to reach $0.7 by 2027.

What will be the TRON (TRX) price by 2028?

TRON (TRX) price is expected to reach $0.8 by 2028.

What will be the TRON (TRX) price by 2029?

TRON (TRX) price is expected to reach $0.9 by 2029.

What will be the TRON (TRX) price by 2030?

TRON (TRX) price is expected to reach $1 by 2030.

 

Latest news