- The Tron price closed the previous day’s trade at $0.061 with a market capitalization of $5.76 billion & a circulating supply of 92.30 billion TRX
- Tron maintained a steady trend throughout 2022, and is therefore anticipated to experience a significant upswing in the years to come.
Tron Price Prediction Today
|TRX Price Prediction for Today||$0.0624|
|14 Day RSI||49.38|
|Fear and Greed Index||23 (Extreme Fear)|
Tron Technical Analysis
- Tron price has been constantly facing rejections from the local resistance at around $0.064 multiple times.
- Therefore, the price may eventually slice through these levels as these levels may have become weaker
- However, in the upcoming weeks, the bulls may gain back control as the Golden cross may occur which indicates the continuation of a long-term bullish trend
- Therefore, the TRX price is expected to surge and reach $0.07 in the next couple of weeks.
Read more: Bitcoin Technical Analysis
Tron On Chain Analysis
- The active address suggests the considerable amount of user activity over the platform which signals the users are carrying out buying & selling activity. However, the price continues to remain consolidated. Therefore, an equal participation of both buyers & sellers may be speculated
- As the users are extremely active on the platform, the transaction count is heading towards yearly highs. While the transaction count has risen from 3.6 million to 6.45 million, the transaction volume varies between $90 million to $115 million.
- Interestingly, the volatility rate has plunged heavily which signifies a higher probability of a rising market
Will Tron PRICE REACH $0.065 TODAY?
For the past few days, the TRX price has maintained its trend between $0.061 and $0.063. The token reached highs that were near the resistance, but the trading day before ended on a bearish note. However, prices fell nearly 2% more in the first few hours of the day while attempting to regain local resistance.
RSI is currently ranging high in the short term and may reach levels close to 64 from its current level of around 41. As a result, a significant increase in the price is possible in the coming hours. Therefore, the Tron price prediction for today is between $0.0634 to $0.0639.
Will Tron Price REACH $0.07 by the End of October 2022?
Tron price has been largely bullish since the start of the month when the token increased by 12% to reach a monthly high of $0.065. The technicals and other fractals are bullish, which may keep the bullish momentum going. As the RSI is surging high in the long term, targets above $0.065 may be possible.
The tokens display extreme bullish momentum as the price has bounced from the crucial 50-day MA levels in the daily time frame. Moreover, a bullish golden cross is expected to occur soon which may elevate the prices to new highs. Therefore, the Tron price prediction for the week is around $0.064 while for the month is close to $0.065.
Tron Price Prediction 2025-2030
Tron price has been trading sideways from past few months waiting for a bullish push. However, the trend is expected to continue in a similar way for another couple of weeks, post to which one can expect a breakout to $1375. Although, the bullish close for the year may not be expected but the upcoming trend appears to be incremental.
Therefore, the Tron price prediction for 2025 could be around half a dollar, while for the TRX price prediction for 2030 is $1.
|Year||TRX Price Forecast|
|2022||$0.075 to $0.092|
|2023||$0.12 to $0.205|
|2024||$0.25 to $0.37|
|2025||$0.044 to $0.57|
Related: Tron Price Prediction 2022
Tron News Today
- The CommonWealth of Dominica recently announced Tron as its official protocol for its national blockchain infrastructure
This is the first time a major blockchain has entered into an agreement of this kind. 🚀
— TRON DAO (@trondao) October 12, 2022
- Tron founder Justin Sun announced the Merger of Tron & BitTorent chains with Heco Network to improvise the Heco network performance
— H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) October 14, 2022