🔥 Land A High Paying Web3 Job In 90 Days LEARN MORE

Tron Price Prediction 2024–2030: Will Tron reach $10?

Key Takeaways:

  • Our Tron price predictions anticipate a high of $0.2332 by the end of 2024.
  • In 2027, TRX will range between $0.6718 and $0.8074, with an average price of $0.6955.
  • In 2030, TRX will range between $2.10 and $2.53, with an average price of $2.17.

TRX is the native token of the Tron network used to govern and settle transaction fees. In retrospect, Tron (TRX) has performed better than most mega-altcoins. Over the long term, TRX is set to trend higher.

Is TRX a good investment? Will it go up? Where will it be in three years? Let’s get into the TRX price prediction to answer these questions and more.

Overview

CryptocurrencyTron
TickerTRX
Current price$0.361
Market cap$30.51B
Trading volume$14.40B
Circulating supply86.29B TRX
All-time low$0.001091 on Sep 15, 2017
All-time high$0.3004 on Jan 5, 2018
24-hour low$0.4407
24-hour high$0.2377

Tron price prediction: Technical analysis

MetricValue
Volatility (30-day variation)9.71%
50-day SMA$ 0.176253
200-day SMA$ 0.145541
SentimentBullish
Fear and greed index80 (Extreme Greed)
Green days18/30 (60%)

Tron price analysis

TL;DR Breakdown

  • Tron price analysis confirmed a downward trend at $0.361.
  • The coin has gained up to 48.52% during the day.
  • TRX is seeking support around $0.342.

On December 4, 2024, Tron’s price analysis revealed a downward market trend for the cryptocurrency. Coin value has dropped down to $0.361 high in the past 24 hours. However, the market sentiment continues to remain positive. Despite the tremendous hike yesterday, today the market events remained in favor of the sellers. 

TRX/USD 1-day chart analysis

The one-day Tron price analysis confirmed a decreasing trend for the cryptocurrency. Coin value has depreciated to a $0.361 low in the last 24 hours. Despite the positive market sentiment, today’s price movements are relatively bearish. However, as the volatility levels are expanding, there are high chances of a reversal soon.

TRX/USD 1-day chart analysis
TRX/USD price chart. Image source: TradingView

The distance between the Bollinger bands determines market volatility. As this distance is expanding rapidly, this refers to an increasing volatility. Moving on, the upper limit of the Bollinger Bands indicator, serving as the support, has now moved to $0.342. Whereas the lower limit of the Bollinger Bands indicator, acting as another support, has shifted to $0.1020. 

The Relative Strength Index (RSI) indicator is present within the overbought region. Currently at 72.77 and still moving downward, this indicates a bearish trend. The descending curve on the RSI graph refers to a downward momentum. As the selling activities are growing rapidly, the market may enter a period of instability. 

TRX/USD 4-hour chart analysis: Tron devalues to $0.361 amidst downside

The four-hour price analysis of TRON confirmed a declining market trend for the currency. TRX/USD value has depreciated to a low of $0.360 in the past few hours. Red candlesticks on the four-hour price chart indicate an intensifying bearish wave during the day. 

See also  Pendle price prediction 2024-2030: Is PENDLE a good investment?
TRX/USD 4-hour chart analysis
TRX/USD price chart. Image source: TradingView

The Bollinger bands are expanding, leading to rising market volatility. This rise in volatility refers to a relatively higher market unpredictability during the coming hours. Moreover, the upper Bollinger band, acting as the resistance band, has shifted to $0.421. Whereas its lower band, serving as the support band, has moved to $0.1119. 

The RSI indicator is present close to the overbought limit. Its value has depreciated to 69.48 in the past four hours. The descending curve on the RSI graph signifies bearish resistance. As the bears remained dominant during the day, RSI marked downward momentum. This creates negative circumstances for the investors, as the cryptocurrency is losing rapidly. 

TRX technical indicators: Levels and actions

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 3 0.191072BUY
SMA 5 0.195533BUY
SMA 10 0.199564BUY
SMA 21 0.194912BUY
SMA 50 0.176253BUY
SMA 100 0.165005BUY
SMA 200 0.145541BUY

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 3 0.189844BUY
EMA 5 0.182159BUY
EMA 10 0.173058BUY
EMA 21 0.165607BUY
EMA 50 0.157905BUY
EMA 100 0.149581BUY
EMA 200 0.138597BUY

What can we expect from Tron price analysis next?

Tron price analysis gives out a highly bearish prediction regarding the ongoing market events. Coin value has deteriorated to $0.361 over the past 24 hours. However, since a massive recovery was achieved yesterday, the market sentiment remains positive. TRX has gained up to 48.52%. Technical indicators are giving out a bullish indication; however, the price charts are giving a bearish verdict. 

Is TRX a good investment?

TRX is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin remains a victim of uncertainties and volatility. Our Cryptopolitan price prediction explores the expected movements from 2024 to 2030.

Why is Tron down?

Tron is bearish during the day. However, Tron reached its all-time high Total Value Locked (TVL) of $10 billion this year, and the TRX price is well above its all-time high. Side by side, this month, the blockchain is one of the currencies most affected by the bearish cloud.

Will Tron reach $0.5?

Yes, Tron should rise above $0.5 in 2027. During that period, its price will range between $0.4581 and $0.5714.

Will Tron reach $1?

Yes, Tron should rise above $1 in 2029. During that period, its price will range between $0.9668 and $1.17.

Will Tron reach $10?

Per expert analysis, Tron may not reach $10 before 2030.

Does Tron have a good long-term future?

According to Cryptopolitan price predictions, Tron is set to trade higher in the coming years. However, factors like market crashes or difficult regulations could invalidate this bullish theory.

See also  Dogwifhat price prediction 2024 - 2030: Will WIF reach $10?

Recent news/opinion on Tron

  • In Hong Kong, Justin Sun confirmed that TRON has become a participant in the Chainlink SCALE program and will leverage Chainlink Data Feeds for its Oracle needs.

Tron price prediction December 2024

A break of resistance will result in a mini bull run, with the next target at $ 0.2243. This month, TRX will trade at an average of $ 0.2213 and drop to $ 0.2172 at its lowest.

MonthPotential low ($)Potential average ($)Potential high ($)
December 0.2172 0.2213 0.2243

Tron price prediction 2024

The technical indicators are bullish on TRX in the second half of 2024. It is anticipated to trade between $0.2073 and $0.2332, with an average price of $0.2267.

YearPotential low ($)Potential average ($)Potential high ($)
20240.20730.22670.2332

Tron price prediction 2025-2030

YearPotential low ($)Potential average ($)Potential high ($)
2025$0.3213$0.33270.3883
2026$0.4574$0.4740$0.5587
2027$0.6718$0.6955$0.8074
2028$0.9633$0.9911$1.16
2029$1.46$1.50$1.68
2030$2.10$2.17$2.53

Tron price prediction 2025

The Tron price forecast for 2025 sets the high at $0.3883. The lowest price for the year will be $0.3213, and the average price will be $0.3327.

Tron price prediction 2026

TRON will experience more bullish momentum in 2026. According to the predictions, it will range between $0.4574 and $0.5587, with an average price of $0.4740.

Tron price prediction 2027

The TRX prediction climbs even higher in 2027; according to the prediction, it will range between $0.6718 and $0.8074, with an average price of $0.6955.

Tron price prediction 2028

The analysis suggests a further acceleration in TRX’s growth by 2028. According to the Tron price prediction, the price of Tron will range between a minimum price of $0.9633 and a maximum price of $1.16. The average price for the year will be $0.9911.

Tron price prediction 2029

According to the Tron forecast for 2029, TRX price will reach a maximum and minimum of $1.68 and $1.46, respectively, with a year-round average of $1.50.

Tron price prediction 2030

The Tron TRX price prediction for 2030 indicates a price range of $2.10 and $2.53 and an average price of $2.17.

TRX price prediction 2024 - 2030
TRX price prediction 2024 – 2030

Tron market price prediction: Analysts’ TRX price forecast

Platform202420252026
Digitalcoinprice$0.28$0.33$0.46
Changelly$0.12$0.23$0.33
Gate.io$0.14$0.14$0.16

Cryptopolitan’s Tron price prediction

At current levels, Tron remains bullish. According to our predictions, TRX will achieve a high of $0.2332 in the second half of 2024. In 2025, it will range between $0.3213 and $0.3883, with an average of $0.3327. Note the predictions are not investment advice. Seek independent professional consultation or do your own research.

Tron historic price sentiment

TRON price history
TRON price history
  • Tron, founded by Justin Sun in 2017, raised $70 million through an ICO the same year; it launched its mainnet in May 2018 and migrated TRX from Ethereum to Tron in June, which temporarily boosted TRX’s price to $0.09.
  • TRX reached an all-time high of $0.3004 in January 2018 before dropping below $0.05 a month later; it consistently traded under $0.05 until late 2020, when it began to rise again.
  • In 2021, it reached a high of $0.16. Tron was also reorganized as a DAO as Justin stepped down as CEO of Tron Foundation.
  • TRX was in a bear trend for the best part of 2022. 
  • In 2023, TRX maintained a consistent bull run, rising from a low of $0.05.
  • In March  2023, the SEC sued Justin for allegedly selling unregistered securities and promoting Tron and Bittorent tokens.
  • In February 2024, Circle’s announcement to cease USDC on Tron led TRX to correct from $0.1429. TRX held above $0.1234 until mid-May, then dropped to $0.1113.
  • The price rebounded to $0.1398 in July but fell again to $0.1213 in early August. By late September, TRX recovered to $0.166, reaching $0.1691 in October and touched $0.2130 in late November.
  • At the start of December, TRX is trading near $0.228.

FAQs

Is Tron a good investment?

Yes, Tron is a profitable long-term investment.

Where can I buy Tron?

You can purchase TRX on Binance, Bybit, OKX, Kraken, and KuCoin. It is also listed on decentralized exchanges like Uniswap V2 and PancakeSwap V2 (BSC).

Can Tron be mined?

You can earn TRX by staking your coins and making an annual yield. For further reading on TRX mining, see our comprehensive guide: cryptopolitan.com/how-to-mine-tron/

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Cryptopolitan
Subscribe to CryptoPolitan