Key Takeaways
- Tron’s Current Status: Tron price, currently at , is exhibiting a bullish outlook with a strong market presence, as evidenced by its market cap of $12.75 billion and a neutral Fear-Greed Index of 40.
- Market Performance: TRX price has seen significant short-term growth, with a 7.25% price increase over the last 24 hours and a 14.7% rise over the past week, positioning it as one of the best performers in the top 10 cryptocurrencies by market cap.
- Technical Analysis: Tron price is trading above both the 50-day and 200-day EMAs, which are in a bullish golden crossover, indicating robust buying support and a strong uptrend, with volatility at 3.68% and an RSI level of 44.2.
- TRX Price Predictions: If Tron price surpasses the R3 Fibonacci pivot level at $0.15, the price may test the $0.2 mark by the end of August 2024, reflecting strong upward momentum amid potential bullish scenarios.
- Future Outlook: While Tron price is likely to maintain its upward trajectory with support at $0.13, the token could face minor pullbacks due to market exhaustion, though overall, it is expected to continue its growth with increased trading volume and positive sentiment.
Where will Tron Price Head Next?
- Tron, a prominent altcoin by market capitalization, has displayed steady gains over the last month, even amid overall market weakness. Tron price surged over 19% in June 2024, followed by an additional 11% increase to its peak in July, before a slight correction, reflecting a strong upward trajectory.
- In fact, Tron price is one of the best performers among the top 10 cryptos by market capitalization – and TRX price is probably the only token that is at the highest point in terms of 2024 YTD price.
- TRX price is currently trading well above both the 50-day EMA and the long-term 200-day EMA. These moving averages are in a bullish golden crossover, indicating robust buying support for the altcoin in the near term.
- If Tron price surpasses the R3 Fibonacci pivot level for August at $0.15, we could potentially see Tron price attempting to touch the $0.2 level before the end of August.
- On the downside, the $0.13 level near the base Fibonacci pivot is expected to provide support for TRX price moving forward.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.122 / $0.117 / $0.11 |
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.138 / $0.143 / $0.151
|
|
50-day EMA |
$0.13
|
|
200-day EMA |
$0.121
|
|
RSI level |
71.7 |
|
MACD level (Signal Line) |
+0.002 |
Tron Price Prediction August 2024
A bullish close at the end of July may provide a strong foundation for Tron price in the early days of August, potentially keeping it above $1.50. However, this could also lead to exhaustion among the bulls, as they might struggle to sustain the token above the support level for an extended period. Consequently, the TRX price might experience a minor pullback and remain consolidated for the rest of the month. By the end of August, Tron is expected to trade between $1.4 and $1.5.
September often brings significant selling pressure in the crypto markets, and Tron price is likely to follow this trend. The TRX price rally, along with other major tokens, suggests a potential drop of more than 12% to 15%. The likelihood of a strong rebound appears limited, as the bulls may not receive the necessary volume support. As a result, the TRX price is expected to close in September within an accumulated range of around $1.18 to $1.21.
Historically, the start of the final quarter has been bullish, often triggering substantial bull runs similar to those in 2023. Consequently, Tron price is expected to rise, surpassing the $1.50 level. This increase could attract more traders and liquidity, helping the rally test higher levels. By the end of October, the TRX price is predicted to trade between $1.58 and $1.62, reaching new yearly highs.
The significant price action is anticipated to pause after the TRX price attempts to reach $1.80 in the first few days of November. This may cause a slight drop, and as the bulls regain strength, the token could remain consolidated for a more extended period. However, as the month ends, a fresh influx of liquidity may spark a strong bullish trend, potentially closing the trade between $1.75 and $1.78.
Optimism in the markets could increase with the start of December, intensifying the existing upward trend. As the month progresses, volume and volatility are likely to rise, pushing the TRX price above $2. The token is expected to maintain a healthy upswing until the end of the month, trading between $2.10 and $2.20 by year-end.
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?
The outlook for Tron price in 2024 is cautiously optimistic, with several key indicators suggesting potential for price increases. Throughout the year, TRX price predictions show periods of consolidation and correction followed by bullish momentum. In June, Tron price is expected to rise slightly, driven by increased buying volume, closing just below $0.12. The second half of the year is anticipated to bring relief from bearish trends, with a possible strong breakout in July, propelling TRX between $0.145 and $0.155.
August might see TRX price stabilizing above $1.50, but a minor pullback could occur due to exhaustion among the bulls. Despite this, the price is likely to remain within the $1.33 to $1.38 range. September’s usual selling pressure might cause a drop to around $1.18 to $1.21, yet historical trends suggest a bullish October, with TRX price potentially hitting new yearly highs between $1.58 and $1.62.
November and December could witness significant bullish activity, with TRX aiming for $1.80 early in November and potentially exceeding $2 by year-end, trading between $2.10 and $2.20. Overall, while the Tron price may face some downward pressures and consolidation phases, the general trend for 2024 indicates potential for continued growth, supported by increased trading volumes and positive market sentiment.
