Key Takeaways
- Tron Current Status: The TRX price remained consolidated since the September lows, failing to generate huge bullish waves. Meanwhile, the BTC price rise helped the token rise above the accumulation phase. The price has launched a 100% surge, marking a new ATH at $0.44, attracting bearish interference. Therefore, the Tron price is facing some selling pressure, which could fade soon, paving the way for a strong bullish action.
- Market Performance: After marking new highs, the Tron price is trading at with a rise of nearly 67% in the past 24 hours. The market capitalization has reached $33.95 billion with an over 65% rise and the trading volume increased by over 542%, recording levels around $15.15 billion. The bullish sentiments for the token have risen to 82%, while the Fear-Greed Index has reached 80, suggesting the market sentiments have again become ‘extreme greed.’
- Technical Analysis: TRX price remained within the bullish range as the levels traded above the 200-day Moving average for the past few weeks. However, after a gigantic surge, the bulls tend to become a little weak. Therefore, the Tron price is believed to undertake a small pullback close to $0.35, which may attract buying volume. As the traders are optimistic, a quick rebound could be fast approaching, elevating the levels beyond $0.5.
- TRX Price Prediction: Much before the current upswing, the Tron price has been displaying immense strength. This has helped the token maintain an ascending consolidation and triggered a strong upswing at the right time. Meanwhile, the bears also appear to remain vigilant over the current price action, suggesting interruptions at frequent intervals. Regardless of this, TRX price is expected to maintain a healthy upswing towards the interim highs before the end of 2024.
- Future Outlook: The market conditions remain favorable and the market participants remain bullish on Tron and believe it may trigger a strong rise any time from now. Therefore, the future outlook of the TRX price remains extremely bullish, with a huge possibility of discovering new highs.
Where will Tron Price Head Next?
- After the recent price rise, the TRX price has reached the neckline of the double-bottom or ‘w-shape’ chart pattern.
- The bears have begun to push TRX prices lower but the technicals and the chart patterns suggest the bulls continue to hold a tight grip over the rally.
- The Relative Strength Index (RSI) has reached the overbought zone and if it remains stuck within the range, the price could find new highs in the coming days.
- Besides, the Moving Average Convergence Divergence (MACD) suggests the buying pressure has just begun to mount, which could keep up the bullish momentum.
- Therefore, the Tron price is believed to rise above the neckline, marking new highs above $0.8 which may attract some bears but may eventually rebound and reach the $1 milestone.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.17/ $0.15/ $0.13
|
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.22/$0.23/$0.26
|
|
50-day EMA |
$0.2011
|
|
200-day EMA |
$0.1584
|
|
RSI level |
80.07
|
|
MACD level (Signal Line) |
0.037
|
Tron Price Prediction December 2024
In December, Tron price experienced a highly bullish phase, achieving gains of over 100%, fueling optimism for its price performance. While projections suggested TRX could reach $1 in early 2025, market liquidations triggered a temporary price drop. However, this pullback is not necessarily indicative of sustained bearish activity. Instead, it may draw renewed bullish momentum, potentially driving the price above the crucial $0.6 resistance. Analysts anticipate a strong recovery, with TRX expected to surpass $0.65 and close the month between $0.72 and $0.75, reinforcing its bullish trajectory and solidifying its position as a high-performing asset.
Read more: Top cryptos 2025
Tron Price Prediction 2025
At the start of 2025, Tron price may continue its upward trend, maintaining a price above $2 with minimal resistance from bearish forces. By the end of the second quarter, ongoing positive momentum could drive the TRX price to $2.50, reaching new highs without significant bearish activity. Increased liquidity in the second half of the year could propel the token towards new heights, targeting a range between $2.80 and $3. Towards the end of the year, profit-taking by bears might cause a slight pullback, with prices fluctuating between $3.75 and $4.5.
The downward trend from 2025 may persist into 2026, potentially intensifying as the year progresses. Persistent selling pressures and weak bullish activity could lead to a significant drop in TRX prices, possibly keeping them within a range of $1.95 to $2.10. By the end of 2026, Tron price is expected to fluctuate between $1.70 and $1.80, with bears exerting considerable influence on the market.
In 2027, Tron price could stabilize, providing relief from the previous market downturn as participants grow hopeful about future trends. Reduced selling pressure may lead to positive activity, countering the downward trend and paving the way for a decent recovery. As the year progresses, the ascending trend may intensify, increasing highs and lows driven by growing positive momentum. By year-end, Tron price could surpass $2, settling within a stable range of $2.05 to $2.20.
Following the bear market, Tron price may begin a robust rebound, showing a stronger positive trend than at the start of the year. Despite attempts by bears to breach critical support levels, strong positive factors could counteract the downward pressure. Towards the end of 2028, a substantial upward price surge is likely, indicating a promising trajectory. This optimistic trend could result in Tron price stabilizing between $2.60 and $2.75, potentially surpassing previous highs.
In 2029, markets may strengthen, showing improved resilience against negative influences as traders become more optimistic. With reduced downward pressures and the emergence of positive factors, Tron price could surpass $3, forming a new all-time high. As the year progresses, steady market growth may boost confidence, leading to constant range-bound trading within a discovery phase, finding new highs. By year-end, Tron price is expected to remain stable, fluctuating between $3.20 and $3.50 amid a bull run.
In 2030, Tron price could steadily climb, reaching a new peak of around $4.20 in the first half of the year. Although this milestone may be short-lived, it establishes a strong foundation for positive strategies for the rest of the year. Subsequently, Tron price could experience a significant surge, potentially ranging between $4.80 and $5.50, marking the highs of the prevailing bull run. However, this achievement might trigger a negative response, leading to an extended consolidation period in a bearish market until year-end, with Tron trading between $3.70 and $3.95.
Will the Tron Price Rise Again in 2024?
As 2024 nears its end, Tron (TRX) has entered a phase of heightened volatility, signaling increased trading activity. Despite occasional bearish pressure, the price is expected to maintain its bullish momentum. The TRX price could sustain its upward trajectory, supported by strong market participation and investor confidence, positioning the asset for continued growth throughout the remainder of the year.
