TRON Price Prediction 2022 — Will TRX Hit $0.2 Soon?

TRON Price Prediction 2022 — Will TRX Hit $0.2 Soon?

  • Bullish TRX price prediction is $0.07602 to $0.15131.
  • The TRX price will also reach $0.2 soon.
  • TRX’s bearish market price prediction for 2022 is $0.04883.

In TRON’s (TRX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about TRX to analyze the future movement of the cryptocurrency. 

TRON Current Market Status

According to CoinGecko, the price of TRX is  $0.058899 with a 24-hour trading volume of $786,988,825 at the time of writing. However, TRX has decreased by nearly 2.2% in the last 24 hours.

Moreover, TRX has a circulating supply of 101,725,711,891 TRX. Currently, TRX trades in cryptocurrency exchanges such as Binance, OKX, BitCoke, Bitget, and Bybit. 

What is TRON (TRX)?.

TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. TRON has positioned itself as an environment where content creators can connect with their audiences directly. TRX can be utilized as a store of value, as an investment or you can trade TRON for other cryptocurrencies.TRON transactions are anonymous, however, these are only on the network itself. TRON has a secure reputation in the crypto world.  

TRON (TRX) Price Prediction 2022

TRON holds the 24th position on CoinGecko right now. TRX price prediction 2022 is explained below with a daily time frame.

TRX/USDT Triangle Pattern (Source: Tradingview)

Triangle patterns are aptly named because the upper and lower trendline ultimately meets at the apex on the right side, forming a corner. Connecting the start of the upper trendline to the beginning of the lower trendline completes the other two corners to create the triangle. Triangle patterns are important because they help indicate the continuation of a bullish and bearish market. They can also assist a trader in spotting a marketing reversal.

Currently, TRX is in the range of $0.058899. If the pattern continues, the price of TRX might reach the resistance level of $0.06267 & $0.07149. If the trend reverses, then the price of TRX may fall to $0.05500 & $0.5256.

TRON (TRX) Support and Resistance Level

The below chart shows the support and resistance level of TRX.

TRX/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of TRX.

Resistance Level 1 $0.07602
Resistance Level 2 $0.10638
Resistance Level 3 $0.13004
Resistance Level 4 $0.15131
Support Level  $0.04883
TRX Resistance & Support Level

The charts show that TRX has performed a bullish trend over the past month. If this trend continues, TRX might run along with the bulls overtaking its resistance level at $0.15131.

Accordingly, if the investors turn against the crypto, the price of the TRX might plummet to almost $0.04883, a bearish signal.

TRON Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of TRX is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of TRX lies below the cutoff line, indicating weaker participants in the current trend.

TRX/USDT RVOL, MA, RSI (Source: TradingView)

More so, the TRX’s Moving Average (MA) is shown in the chart above. Currently, TRX is in a bearish state. Notably, the TRX price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of TRX at any time.

Meanwhile, the relative strength index (RSI) of the TRX is at level 47.68. This means that TRX is in a nearly oversold state. However, this means a major price reversal of TRX may occur in the upcoming days. So, traders need to trade carefully. 

TRON Price Prediction 2022 — ADX, RVI

Let us now look at TRON Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

TRX/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of TRON. Currently, TRX lies in the range of 21.92294, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of TRX. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of TRX lies below the 50 levels, indicating that the direction of volatility is low. In fact, TRX’s RSI is at 47.68 level thus confirming a potential sell signal.

Comparison of TRX with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and TRON.

BTC Vs ETH Vs TRX Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and TRX is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and TRX also increases or decreases respectively.

Conclusion

With continuous improvements in the TRON network, we can say that 2022 is a good year for TRX. For this reason, the bullish price prediction of TRON in 2022 is $0.15131. On the other hand,  the bearish TRX price prediction for 2022 is $0.04883.

Furthermore, with the advancements and upgrades on the TRX ecosystem, the performance of TRX would help to reach above its current all-time high (ATH) $0.231673 very soon. But, it might also reach $0.2 if the investors believe that TRX is a good investment in 2022.

FAQ

1. What is TRON?

The TRON is the fastest and only infinitely scalable general-purpose blockchain. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum. 

2. Where can you purchase a TRX?

TRX has listed on many crypto exchanges which include Binance, OKX, BitCoke, Bitget, and Bybit. 

3. Will TRX reach a new ATH soon?

With the ongoing developments and upgrades within the TRX platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of TRON?

On Jan 05, 2018, TRX reached its new all-time high (ATH) of $0.2316.

5. Is TRX a good investment in 2022?

TRON (TRX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of TRX in the past few months, TRX is considered a good investment in 2022.

6. Can TRON (TRX) reach $0.2?

TRON (TRX) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then TRON (TRX) will hit $0.2 soon.

7. What will be the TRX price by 2023?

TRON (TRX) price is expected to reach $0.32 by 2023.

8. What will be the TRX price by 2024?

TRON (TRX) price is expected to reach $0.47 by 2024.

9. What will be the TRX price by 2025?

TRON (TRX) price is expected to reach $0.65 by 2025.

10. What will be the TRX price by 2026?

TRON (TRX) price is expected to reach $0.8 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

The post has appeared first on thenewscrypto.com

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