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. The project 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 TRON Price Analysis and Price Prediction. But before that, let us first know what is TRON crypto.
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.
TRON (TRX) Current Market Status
As of the time of writing this Tron price analysis, TRX trades at $0.063430 with a 24-hour trading volume of $341,441,970. The price of TRX has decreased by 0.38% in the last 24 hours.
|Fully Diluted Valuation||$5,851,647,489|
|24 Hour Trading Volume||$341,441,970|
TRX has a current circulating supply of 92.2 billion TRX according to CoinMarketCap. Currently, the top cryptocurrency exchanges for TRX are Binance, Huobi, Poloniex, Bithumb, Kucoin, Gate.io, and many more.
How high can TRX go in 2022? Let’s find out in this TRON price prediction 2022 article.
TRON (TRX) Price Analysis 2022
Currently, Tron holds 15th place on CoinMarketCap. 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.
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 the TRON (TRX) chart of the TRX/USDT trading pair is at 52.04. This shows that TRX is showing a strong trend since it is between 50 and 70. This value is triggering a bullish run already since it seems that more buyers are repositioning as the value is moving towards the 70 RSI value which is the overbought region.
From the 200 days and 30 days moving averages for Tron (TRX), it could be seen that TRX would go bullish in the long-term since the 200-day moving average is above the 30-day moving average. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks due to crypto winter.
Is Tron a good investment in 2022?
Are you curious about how high can TRX go? The chart below shows that Tron has performed better over the past few days. If this trend continues, TRX might run along with the bulls, thereby hitting the $0.069 resistance level, and reaching $0.072, the 2022 bullish signal.
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 $0.055, a bearish signal.
Meanwhile, our long-term TRX price prediction for 2022 is bullish. It has a decent possibility of surpassing its current all-time-high (ATH) at about $0.3004 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.
If this bullish trend continues, TRX will reach $0.075 by the end of 2022. With upcoming, partnerships, and developments reaching $0.08 is quite optimistic from the price point of view but undoubtedly feasible for the near future.
TRON (TRX) Crypto 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 $0.09, making it not plummet but play consistently.
TRON (TRX) Price Prediction 2024
As per the latest upgrades, developments, TRX price prediction, and new project forecasts of the platform, TRX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of TRX in the crypto market, and it will be the best investment as the price can spike and reach around $1.20.
TRON (TRX) Price Prediction 2025
In the next three years, TRX prices could race up to $2. 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 four years as per the prediction.
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.
The bullish TRX price prediction for 2022 is $0.072. As said above, it may even reach $0.08 if investors have decided that TRX is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.