This post on TRON (TRX) Price Prediction is solely based on technical analysis.
The cryptocurrency sector is still expanding. To stay competitive, several crypto projects strive to develop their technologies.
TRON is also still one of the most active protocols in the crypto world. More so, TRON has created significant connections and projects in the crypto industry in recent months.
For instance, Alchemy Pay partnered with TRON a few months ago to allow TRX payments.
According to reports, TRON is committed to creating a decentralized and borderless internet. Therefore, TRX users may easily access the network’s applications, material, and media thanks to its strong partnership with BitTorrent.
Would TRON be a profitable investment in 2022? Let’s find out in this Optimisus TRON Price Prediction and Analysis.
TRON (TRX): What Is It?
TRON (TRX) is the TRON network’s native cryptocurrency. TRON is led by Justin Sun, who is based in Singapore. The network’s goal is to develop a decentralized entertainment and content distribution network.
Anyone in the TRON ecosystem can more efficiently and cost-effectively host their own content on the blockchain network.
The TRON network has its own TRONSCAN mainnet. As a result, TRON has the ability to establish its own network-wide laws and regulations.
Different decentralized applications (DApps) can run on TRON’s protocol thanks to its smart contract. Its most recent DApp accomplishment is the debut of its BitTorrent partner’s DLive protocol.
Let’s get started with our TRON price study now that we’ve established what TRON is.
TRX Market Situation Right Now
TRX is now trading at $0.08001 with a 24-hour trading volume of $806,833,562 at the time of writing, according to CoinMarketCap. In the previous 24 hours, the price of TRX has climbed by 0.28%.
TRX also has a current circulation supply of 101.08 billion TRX. Binance, Huobi Global, Bithumb, Kucoin, Gate.io, and others are currently the major cryptocurrency exchanges that listed TRX.
Price Analysis of TRON (TRX) 2022
Tron is now ranked 13th on CoinMarketCap. Will the recent TRX blockchain upgrades, innovations, and modifications, however, help the cryptocurrency price rise? In this TRX price forecast post, we’ll look at the charts.
The Accumulated/Distribution indicator uses divergence and confirmation to detect a bullish or bearish signal in a chart. The TRON 1Day A/D chart above shows that the price is rising.
The accumulated/distribution chart for TRON (TRX) above, on the other hand, indicates that the chart and the A/D are both heading in the same direction, indicating that TRX is bullish. As a result, given the A/D, we should predict a price increase in TRX.
The Keltner channel is a technical analysis indicator that measures the volatility above or below the candlesticks to identify trend direction.
The current increase could continue based on the Keltner Channel signals for TRX, as the previous candlestick is not close to the bottom curve in the Keltner Channel chart above.
This indicates that the current surge in the price of TRON (TRX) will be sustained for a few days before reversing.
The Relative Strength Index (RSI) determines oversold or overbought assets by measuring relative momentum in the magnitude of recent price fluctuations.
The RSI value of TRON (TRX) on the TRXUSDT 1day chart is 41.98. TRX is in a neutral trend because it is trading between 30 and 50.
This number is already initiating a bullish run since it appears that more buyers are repositioning as the value moves from the oversold region of the RSI value of 30 to the 50 RSI value.
Price Prediction for TRON (TRX)
TRX might run with the bulls if it continues to rise like in the recent days despite crypto market crash as it broke through the $0.0.06474 resistance mark and moving higher.
If investors turn against the cryptocurrency, the bears may seize control and drag TRX out of its rise. In layman’s terms, TRX’s price might drop to almost $0.02407, indicating a bearish indication.
Meanwhile, we have an optimistic TRX price projection for 2022. It has a good chance of breaking through its current all-time high (ATH) of $0.3004 this year.
That will only happen if it overcomes many previous psychological barriers.
Price Prediction for TRON (TRX) in 2022
TRX will reach $0.15 by the end of 2022 if the bullish trend continues. Furthermore, the first half of 2022 will see rapid increase, reaching $0.12.
The growth will thereafter moderate, but no significant drops are forecast. With planned events, partnerships, and initiatives, $0.4 is a price target that is unquestionably achievable in the near future.
In 2022, TRON has a bright future ahead of it. We may see TRX hit new heights as a result of ongoing changes within the TRX ecosystem as well as in the larger crypto market.
FAQ What exactly is TRX? TRON (TRX) is the TRON network's native cryptocurrency. TRON is led by Justin Sun, who is based in Singapore. Where can I get TRX Coins? TRX currencies are available for purchase on cryptocurrency exchanges such as Binance and Huobi Global. Will TRX be able to surpass its current high? In 2022, TRX is a smart investment. Furthermore, TRX has a good chance of breaking through its current ATH of $0.3 this year. Is TRX on its way to $1? Yes, given the current positive trajectory, TRX could hit $1 by 2022-2023. What will the price of TRON be in 2022? By 2022, the price of TRON (TRX) is predicted to reach $0.15. Disclaimer: Information in this press release should not be construed as investment advice. Optimisus does not, and will not, endorse any of the information on this website about any company or individual. Readers are encouraged to conduct their own research and take any measures they deem appropriate based on their own findings, not on the content of this press release. Optimisus is not and will not be liable for any damages or losses incurred as a result of the use of any content, product, or service mentioned in this news release, whether directly or indirectly.