Site icon CoinDCX-Blog

Tron Price Prediction: From $0.092 to $0.045, What’s next for TRX Price in 2023?

Key Takeaways:

Tron Price History: 2022 Year in Review 

Month TRX Price % Change
Jan $0.058 -23.19%
Feb $0.061 +5.33%
March $0.073 +18.88%
April $0.063 -15.49%
May $0.083 +35.52%
June $0.064 -23.58%
July $0.069 +7.07%
August $0.064 -8.71%
Sept $0.061 -3.74%
October $0.063 +3.58%
November $0.053 -13.82%
December $0.054 +0.02%

This is How Tron Price Performed in 2022

Source: Tradingview

Tron price rose notably high and marked the 2022 highs just before the Terra collapse, slashing the entire crypto markets. Meanwhile, the price recovered significantly and traded sideways for nearly 4 to 5 months. While the prices were about to ignite a significant recovery, the markets slashed for the second time due to the collapse of a popular exchange FTX.

The TRX they are trying to maintain a notable upswing by displaying immense strength which is much required for a bullish close for the year. After losing nearly half of its valve in the first few days of November, the price began to rise slowly yet steadily. With diminished volatility, the TRX price is believed to trade within an ascending consolidation until the end of 2022.

Tron Technical Analysis for 2022

Source: Tradingview

Tron Price Prediction 2023

Source: Tradingview

The Tron price has been draining throughout the year 2022 and also marked the bottoms pretty lower. Presently, the price is attempting very hard to rise slightly but eventually may end up facing rejection from the upper resistance zone. After finding the bottoms of the current cycle in the first few weeks of 2023, the TRX price may begin to rise and fly high withstanding some bearish actions over time.

The TRX price may rise and reach immediate resistance during the first half of 2023 and continue to trade sideways for some time. Further after undergoing a slight pullback, the price is believed to rise significantly and begin with a firm upswing until the end of the yearly trade. The price may even slice through the pivotal levels and acquire the 2022 highs by the end of 2023 or slightly higher. 

Tron Price Prediction 2024

Source: Tradingview

The Tron price has been trading within an incremental range regardless of undergoing multiple price variations. The price which is trading along the lower trend line since the beginning of the 2021 bull run. The price is believed to continue to trade along the lower trend line and despite a couple of pullbacks, may continue to rise higher. The end of 2023 is believed to be bullish and hence the price may remain highly incremental. 

During the second half of 2024, the price could rise and reach close to the highs that it made during the 2021 bull run. However, the token may certainly not test and clear the levels beyond its current ATH. The market participants who may have acquired the token close to the levels around ATH may try to extract their profits which may prevent the TRX price to mark new highs in 2024. 

Read more: Bitcoin Technical Analysis

Tron Price Prediction 2025

Source: Tradingview

In the larger-time frame, the TRX price appears to be at the foothill of a massive explosion. The price after undergoing a giant upswing to mark highs is closer to reaching the lower bottoms soon. After reaching the lower bottom, the TRX price is believed to regain bullish momentum and begin with a significant upswing ahead. 

The volume which was dropped may again consistently rise and further maintain a firm upswing to reach the upper resistance again. This would be when the price may mark a new ATH and could again face a minor rejection. However, the price may not undergo a massive downfall as 2022, but may witness some correction before undertaking the next step. 

Year Tron Price Prediction
2022 $0.065 to $0.069
2023 $0.081 to $0.094
2024 $0.105 to $0.115
2025 $0.21 to $0.25

Overview of Tron On Chain Analysis:

Tron Active Address


The active address is the number of addresses that are actively connecting with the platform every day. The addresses could either perform a buy trade, a sell trade, or else just a swap trade. The active address has been incremental since the beginning of April 2022 and after reaching beyond 2.5 million, the levels continued to hover around these levels for a longer time. 

The address levels spike enormously in the past few days which signifies more traders dealt with the platform. This created significant volatility which uplifted the price from the lowermost support. However, after uplifting the price slightly, the address count dropped heavily from nearly 4.25 million to as low as 1.35 million.

Development Activity

Source: Santiment

The development activity indicates the pace of the upgrades over the platform. The rise in the development activity enhances the confidence of the market participants in the project. Regardless, of the price variations in the present time, the project is expected to remain bullish in the longer time frame. Besides a drop in the activity may be when the developers are failing to proceed with any advancements over the project.

Considering the yearly progress, the activity remained largely uneven with huge variations over time. Meanwhile, the variations in the activity were enhanced but in recent times, the levels consolidated within a narrow region. This may not impact the price directly but may compel the price to remain within a consolidated region for long. 

Total Weighted Sentiments

Source: Santiment

The total weighted sentiments are the combination of all the positive and negative sentiments, compared with the frequency over time. Meanwhile, a drop below the levels signifies the rise of the negative sentiments while a jump may indicate the traders are positive about the asset. However, this metric is a sentiment indicator and may not impact the price directly. 

The total weighted sentiment underwent huge spikes over time and eventually dropped down within the lower levels. Being trending within the negative regions, the sentiments now appear to have turned bearish, and hence it may lead to a shift of focus of the traders on other projects. This could ease the demand which may drop the value of the asset. 

Related: Tron Price Prediction 2022

Should you Invest in Tron in 2023?

The Tron price has been displaying a stagnant strength through the year 2022 after undergoing a massive upswing in 2021. Regardless of major upswings, the price displayed a sense of stagnancy and hence is believed to reignite a significant upswing in the coming days. Meanwhile, before investing in Tron or any of the assets, it is very important to have a deep knowledge of the fundamentals as well as a good observation of the price variations over time. 

Top Crypto News of 2022 that Impacted TRX Price

Exit mobile version