Will TRX Hit $0.10 in 2023?

In this TRON (TRX) price prediction 2022, we examine the future movement of the crypto using statistics, price patterns, RSI, RVOL, and other data about TRX.

What is TRON (TRX)?

TRON (TRX) is the TRON blockchain’s native crypto coin. Justin Sun founded TRON, which is managed by the TRON Foundation. TRX was first introduced in 2017 as an ERC-20 token on the Ethereum blockchain. TRX migrated to its native blockchain later in 2018. The delegated proof-of-stake (DPoS) consensus mechanism underpins the TRON blockchain.

TRON (TRX) is a blockchain governance token that grants voting rights.

TRON (TRX) Price Prediction 2022

TRON (TRX) is currently ranked 18th on CoinMarketCap. TRX price prediction 2022 with a daily time frame is provided below.

The descending triangle appears most frequently during downtrends and is frequently interpreted as a bearish signal. In the descending triangle pattern, the ascending triangle pattern is reversed.

The descending triangles show investors and traders that sellers are more aggressive than buyers as the price continues to drop. The pattern is complete when the price breaks out of the triangle in the direction of the overall trend.

A descending triangle, contrary to popular belief, can be bullish or bearish. Moreover, a regular descending triangle pattern is considered a bearish chart pattern. In contrast, a descending triangle pattern can be bullish.

TRON (TRX) is currently trading around $0.05386. If the pattern holds, TRX’s price could eventually hit the $0.09 and $0.23 resistance levels. The TRX price may drop to $0.05 if the trend changes.

TRON (TRX) Support and Resistance Levels

The graph below shows the support and resistance levels of TRX coin.

The following can be clearly interpreted as the resistance and support levels for TRON based on the aforementioned daily time frame (TRX).

According to the charts, TRON (TRX) has recently displayed a bullish trend. If this pattern holds, TRX may continue to rise with the bulls and pass through its $0.12394 resistance level.

As a result, if investors start to lose interest in cryptocurrencies, the price of TRON (TRX) may fall to almost $0.05018, sending a bearish signal.

TRON (TRX) Price Prediction 2022

The chart below displays TRON’s (TRX) relative volume (RVOL). It serves as a gauge of how the previous trading volume has changed over time in comparison to the current trading volume. As of right now, TRX’s RVOL is below the cutoff line, indicating that it is one of the weaker participants in the current trend.

The chart above also displays TRON’s (TRX) Moving Average (MA). Notably, TRON’s (TRX) price is in a downtrend because it is below the 50 MA (short-term).

TRX has now moved into a bullish state. As a result, a TRX trend reversal could happen at any time.

The TRX’s relative strength index (RSI) is 48.08 at this time. This indicates that TRON (TRX) is not oversold or overbought at this time.

This suggests that a significant price reversal of TRX may take place over the next few days. Therefore, traders must trade cautiously.

TRON (TRX) Price Prediction 2022

Let’s examine TRON (TRX) coin Average Directional Index (ADX) because it helps in determining the trend’s overall strength.

In addition, the indicator is the mean of values within an expanding price range.

In the graph above, the ADX for TRX is currently in the range of 48.38, indicating a strong trend.

The Relative Volatility Index (RVI) of TRON is also shown in the aforementioned graph (TRX). The constant deviation of price changes over time is what the RVI gauges.

TRX’s RVI is above 50, which denotes high volatility.

In fact, a potential sell signal is confirmed by the fact that TRON’s (TRX) RSI is at 48.08.

We can infer from the above chart that TRX is trending in the same direction as BTC and ETH.

The price of TRX changes accordingly when the price of BTC and ETH changes for the better or worse.

TRON (TRX) Price Prediction 2023

TRON (TRX) might likely reach $0.35 by 2023 if the trend reverses and the downward price action completely slows down.

TRON (TRX) Price Prediction 2024

With numerous network upgrades, TRON (TRX) could move in a bullish direction. TRX may rise to $0.8 by 2024 if the coin attracts the interest of significant investors.

TRON (TRX) Price Prediction 2025

For the next three years, TRON (TRX) will continue to be viewed as a better investment option, and if major resistance levels are maintained, TRX will rise to $1.1.

Bottom Line

We can predict that 2022 will be a successful year for TRX thanks to ongoing improvements in the TRON network. Because of this, $0.0.12394 is the bullish price forecast for TRON (TRX) in 2022.

The bearish price forecast for TRON (TRX) for 2022 is $0.05018, on the other hand.

Furthermore, TRX’s performance would contribute to it exceeding its current all-time high (ATH) of $0.231673 very soon with the improvements and advancements made to the TRON ecosystem.

However, if investors think TRX is a good investment in 2022, it might also reach $0.35.

FAQ

1. What is a TRON (TRX)?

TRON (TRX) coin is native coin of TRON blockchain, which was launched in 2018. It is based on the consensus mechanism of delegated proof-of-stake (DPoS).

2. Where can you purchase TRON (TRX)?

TRON (TRX) has been listed on numerous cryptocurrency exchanges, including Binance, FTX, Gate.io, Huobi Global, and KuCoin.

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

With ongoing developments and upgrades to the TRX platform, it has a good chance of reaching its ATH soon.

4. What is the current all-time high (ATH) of TRON (TRX)?

TRX reached a new all-time high (ATH) of $0.231673 on January 5, 2018.

5. Is TRON (TRX) a good investment in 2023?

TRON (TRX) appears to be one of the year’s best-performing cryptocurrencies. TRX is viewed as a good investment in 2023 based on its recent performance.

6. Can TRON (TRX) reach $0.10?

TRON (TRX) is one of the active cryptocurrencies that is still bullish. If this bullish trend continues, TRON (TRX) will soon reach $0.10.

Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

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