Key Takeaways:
- The Tron (TRX) price closed the previous day’s trade at $0.6068 with a market capitalisation of $5.67 billion & a circulating supply of 92.37 billion TRX
- Tron price managed to cease the bearish pressure without testing the lower support below $0.06 and hence may flip shortly to began with a firm recovery
Tron (TRX) PRICE & Technical Analysis
| Current Price | $0.0609 |
| TRX Price Prediction for Today | $0.0566 |
| Volatility | 3.54% |
| 50-Day SMA | $0.066 |
| 14 Day RSI | 48.58 |
| Sentiment | Bearish |
| Fear and Greed Index | 27 (Fear) |
| Green Days | 13/30 (43%) |
| 200-Day SMA | $0.0677 |
Additional Read: Top Proof of Stake Tokens
Tron Technical Analysis for September 2022
The Tron price remained heavily consolidated since the beginning of the month. However, the recent price crash fueled by some external factors has nullified the gains of the past couple of days. Presently, the TRX price is attempting very hard to halt the bearish trend and rise high, while an extended consolidation appears to be imminent.
As RSI in the short-term has bottomed while in the higher time frame heading to lower support. Hence the TRX token may undergo a short-term bounce but eventually trade within bearish captivity. Therefore, Tron’s price is trading above $0.61 presently and may continue plunging until it reaches the lower support just below $0.6, at $0.5977.
The Tron crypto may ignite a notable rebound on reaching these levels and rise high to reclaim the positions above $0.66 by the end of September.
Tron Technical Analysis at a Glance
While major cryptos experienced a notable drain since the beginning of 2022, Tron’s price held the lower support firmly. Moreover, the crypto reversed its trend each time it tested the lower support. Therefore, the price is now believed to reverse the bearish trend soon as a flip may be expected much before reaching the lower support.
| Short-Term | The TRX price has drained heavily while the bulls are trying to flip the bearish trend at the earliest |
|---|---|
| Mid-Term | The token has been trading below the average levels for a long as the price is lagging the required buying volume to rise beyond pivotal zones |
| Long-Term | In the long term, the TRX price continues to trade within a bearish trend while the volume remains significantly low |
Will TRX Price Reach $0.065 Today?
Tron’s price after the recent bearish close for the day is attempting to recover from the losses. Due to excessive selling pressure, the price is currently facing huge turbulence in flipping from the bearish trend. And hence it could remain consolidated for a while, followed by which the price may rebound to reach immediate resistance.
On the brighter side, the technicals are pretty bullish as the RSI has rebounded from the lower support and heading towards the north. Meanwhile, the selling pressure has eased to a large extent. The Tron price is trading above $0.061 currently and hence could maintain a notable upswing until the day’s close.
Will TRX Price Reach $0.1 by the End of the Month?
The TRX price has been testing the resistance zone between $0.064 & $0.065 constantly, but woefully faced a rejection each time. However, the recent price crash has trembled the rally to a larger extent as the recovery time may be extended largely. However, the selling pressure that mounted in the past few hours has been easing a bit, and hence one can expect a rebound soon.
The token may maintain a consolidated trend for the next few days and may attempt a rebound by the end of the week. In the upcoming week, the TRX price may attempt to reclaim the levels above $0.064 and the Tron price prediction for the month is $0.0645.
Tron Price Prediction: Price Trend Comparison with Avalanche (AVAX)
Source: Tradingview
- Avalanche & Tron are the top 15th & 16th assets as per the market capitalization with an average of $5.75 billion each
- The Tron price as mentioned before maintained a stagnant trend since the beginning while the AVAX price underwent extreme price action
- The Avalance price raised high to hit +22.64% and also dropped hard to test the support at -26.43% below the average levels & currently trading at -20.92%
- Conversely, the Tron price traded along the average levels for a couple of weeks, followed by a plunge to hit the bottoms at -12.56% and presently trading at -11.47%
Additional Read: AVAX Price Prediction
Tron Price Prediction: 2022, 2023, 2024, 2025
The Tron price has currently dropped which is expected to recover in the coming days. However, the token may close the Q3 trade on a bullish note which may ignite a notable upswing since the beginning of Q4. By the end of the yearly trade, the TRX price is expected to trade within a narrow range, holding the lower support firmly.
In the upcoming hours, the price is expected to coil up and eliminate a zero from its value. Maintaining a significant upswing, the TRX price may even reach half a dollar in the next 5 years.
| Year | TRX Price Forecast |
| 2022 | $0.074 to $0.088 |
| 2023 | $0.13 to $0.19 |
| 2024 | $0.21 to $0.28 |
| 2025 | $0.33 to $0.35 |
Tron News Today
- A popular platform, Blockchain.com has listed Tron’s native token TRX on its platform featuring multiple incentive programs.
PLUS following our Wallet listing last week, #TRX is now available on the Exchange!
Start trading $TRX today https://t.co/jEbne9xuGH pic.twitter.com/3l5XIFIf0L
— Blockchain.com (@blockchain) September 13, 2022
- In recent findings, Tron blockchain beats the top chains including Bitcoin & Ethereum in terms of being greener or energy efficient.
