cryptocurrency

TRON (TRX) Price Prediction 2022 – Will TRX Price $0.5 Soon?

  • The bullish TRX price forecast is $0.07431 to $0.12341.
  • TRON (TRX) The price may also reach $0.5 soon.
  • The bearish TRX price prediction for 2022 is $0.03961.

In the TRON (TRX) Price Prediction 2022, we use statistics, price patterns, RSI, RVOL and other information about TRX to analyze the future movement of cryptocurrencies.

TRON (TRX) Current Market Status

according to Queen GekkoTRON (TRX) price is $0.062019009730 with a 24-hour trading volume of $251,923,583 at the time of writing. However, TRX is down about 1.2% in the last 24 hours.

Furthermore, the TRON (TRX) width is 92.388.085.980 TRON. Currently, TRON (TRX) is traded on crypto exchanges such as Binance, KuCoin, Gate.io, LBank, and FTX.

What is TRON (TRX)?

TRON (TRX) exists as the original cryptocurrency on the TRON blockchain. Tron Corporation is founded by Justin Sun and operated by Tron Corporation. Initially, TRX was launched as an ERC-20 token on the Ethereum blockchain in 2017. Later in 2018, TRX migrated to the native blockchain. The TRON blockchain operates on the basis of the Delegated Proof of Stake (DPoS) consensus mechanism.

TRON (TRX) is used as a governance token on the blockchain that grants voting rights. It is also published as credit card payments as well. Furthermore, TRX continues to remain as a potential payment option for content creators.

TRON (TRX) Price Prediction 2022

TRON (TRX) is now 16th on CoinGecko. TRX price predictions for 2022 are explained below with a daily time frame.

TRX/USDT descending triangle pattern (Source: TradingView)

The descending triangle appears more commonly during bearish trends and is often interpreted as a bearish signal. The ascending triangle pattern is reflected in the descending triangle pattern.

As the price continues to make lower highs, the descending triangles are signaling to investors and traders that sellers are more aggressive than buyers. When the price exits the triangle in the direction of the general trend, the pattern is completed.

Contrary to popular belief, a descending triangle can be either bullish or bearish. The regular descending triangle pattern is traditionally seen as a bearish chart pattern. On the other hand, the descending triangle pattern can be bullish.

Currently, TRON (TRX) is in the $0.062019009730 range and if the trend continues, TRX price could reach the $0.08775, $0.12325 and $0.17770 resistance levels. If the trend reverses, TRX may drop to $0.05071.

TRON (TRX) Support and Resistance Levels

The chart below shows the TRON (TRX) support and resistance levels.

TRX USDT Support and Resistance Levels (Source: TradingView)

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 USD
resistance level 2 0.09390 USD
resistance level 3 0.12341 USD
Support level 1 $0.05353
Support level 2 0.03961 USD
TRON (TRX) Resistance and Support Level

The charts show that TRON (TRX) has been bullish for the past month. If the trend continues, TRX may work in tandem with the bulls breaking the resistance at $0.12341.

Accordingly, if investors turn against the cryptocurrency, the price of TRON (TRX) could drop to close to $0.03961 for 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 for TRX is below the cutoff line, which indicates the weakness of participants in the current trend.

TRX/USDT RVOL, MA, RSI (Source: TradingView)

Also, the moving average (MA) for TRON (TRX) is shown in the above chart. Notably, TRON (TRX) price is below 50 MA (short term), so it is in a downtrend. Currently, TRX has entered an uptrend. Therefore, there is a possibility of a trend reversal for TRX at any time.

Meanwhile, the Relative Strength Index (RSI) for TRX is 34.17. This means that TRON (TRX) is almost in an oversold state. However, this means that a significant TRX price reversal may occur in the coming days. Therefore, traders need to trade carefully.

TRON (TRX) Price Prediction 2022 – ADX, RVI

Let us now take a look at the TRON (TRX) Average Directional Indicator (ADX). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

TRX / USDT ADX, RVI (Source: TradingView)

The chart above represents the ADX Tron (TRX) indicator. Currently, the ADX Indicator for TRX is in the range of 27.89769 and therefore it is indicating a strong trend.

The chart above also represents TRON’s Relative Volatility Index (RVI) (TRX). RVI measures the continuous deviation of price changes over a period of time. TRX’s RVI is below 50, which indicates high volatility. In fact, the Tron RSI (TRX) is at 34.17 confirming a possible sell signal.

TRX vs BTC vs ETH

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and TRON (TRX).

BTC vs ETH vs TRX Price Comparison (Source: TradingView)

From the above chart, we can interpret the trend of TRX moving in the same direction as BTC and ETH. This is when the price of BTC and ETH increases or the price of TRX decreases or falls respectively.

TRON (TRX) Price Prediction 2023

If the price action declines completely slows down in momentum and reverses, TRON (TRX) It will likely reach $0.7 by 2023.

TRON (TRX) Price Prediction 2024

With several network upgrades, TRON (TRX) may enter an upward trajectory. If the coin catches the attention of major investors, TRX could rise to $1 by 2024.

TRON (TRX) Price Prediction 2025

If TRON (TRX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, TRX will rise to $1.5.

TRON (TRX) Price Prediction 2026

If TRON (TRX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, TRX will rise to $1.5.

TRON (TRX) Price Prediction 2027

If TRON (TRX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, TRX will rise to $2.2.

TRON (TRX) Price Prediction 2028

If TRON (TRX) maintains a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By driving significant price hikes, TRX will reach $3.7 in 2028.

TRON (TRX) Price Prediction 2029

If investors flock and continue to place their bets on TRON (TRX), this will see huge gains. TRX could reach $4 by 2029.

TRON (TRX) 2030 Price Prediction

With greater developments in the TRON ecosystem, the crypto community may continue to invest in TRX over the next eight years and drive the price of cryptocurrencies exponentially. Thus, the value of TRON (TRX) could reach $4.5 by 2030.

conclusion

With the continuous improvements in the TRON network, we can say that 2022 is a good year for TRX. Because of this, the bullish price forecast for TRON (TRX) in 2022 is $0.0.12341. On the other hand, the bearish price prediction for the TRON (TRX) 2022 price tag is $0.03961.

Moreover, with developments and updates in the TRON ecosystem, it will help TRX performance to reach all-time high (ATH) at $0.231673 very soon. But, it could also reach $0.5 if investors think TRX is a good investment in 2022.

Instructions

1. What is TRON (TRX)?

TRON (TRX) runs on the original TRON blockchain launched in 2018. It is based on a delegated Proof of Stake (DPoS) consensus mechanism.


2. Where can you buy TRON (TRX)?

TRON (TRX) is listed on several cryptocurrency exchanges including Binance, KuCoin, Gate.io, LBank, and FTX.

3. Will TRON (TRX) come to a new ATH soon?

With the constant developments and updates within the TRON platform, TRX has a high potential to reach ATH soon.

4. What is the current highest altitude (ATH) for Tron (TRX)?

On January 5, 2018, TRON (TRX) reached an all-time high (ATH) at $0.231,673.

5. Is TRON (TRX) a good investment in 2022?

TRON (TRX) appears to be one of the most profitable cryptocurrencies this year. According to TRON’s achievements recorded in the past few months, TRX is a good investment in 2022.

6. Can the price of the Tron (TRX) reach $0.5?

TRON (TRX) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this bullish trend continues, TRON (TRX) will reach $0.5 soon.

7. What is the price of TRON (TRX) by 2023?

The price of TRON (TRX) is expected to reach $0.7 by 2023.

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

TRON (TRX) The price is expected to reach $1 by 2024.

9. How much will TRON (TRX) cost by 2025?

The price of TRON (TRX) is expected to reach $1.5 by 2025.

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

The price of TRON (TRX) is expected to reach $2.2 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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