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

Key Takeaways:

Our Tron price predictions anticipate a high of $0.1896 by the end of 2024.
In 2027, TRX will range between $0.5494 and $0.6118, with an average price of $0.5639.
In 2030, TRX will range between $1.62 and $1.95, with an average price of $1.66.

In retrospect, Tron (TRX) has performed better than most mega-altcoins. The coin has consistently registered higher highs over the last 365 days, rising by 76%. Over the long term, TRX is set to trend higher.

TRX is the native token of the Tron network used to govern and settle transaction fees. 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).

Is TRX a good investment? Will it go up? Where will it be in three years? Our Cryptopolitan Price Prediction answers these questions and more.

Overview

Cryptocurrency	Tron
Ticker	TRX
Current price	$0.1499
Market cap	$12,986,901,605
Trading volume	$424,655,743
Circulating supply	86,750,275,111 TRX
All-time low	$0.001091 on Sep 15, 2017
All-time high	$0.3004 on Jan 5, 2018
24-hour low	$0.152
24-hour high	$0.1489

Tron price prediction: Technical analysis

Metric	Value
Volatility (30-day variation)	10.74%
50-day SMA	$ 0.138395
200-day SMA	$ 0.127315
Sentiment	Bullish
Fear and greed index	26 (Fear)
Green days	20/30 (67%)

Tron price analysis: Bearish crash results in loss below $0.1499

Key takeaways:

Tron price analysis confirms a downward trend at $0.1499.
The cryptocurrency has devalued up to 1.12% during the day.
TRX prices are seeking resistance around $0.1717 high.

On September 4, 2024, Tron price analysis revealed a downward trend for the cryptocurrency. Currently trading at $0.1499, the coin value underwent sufficient decline in the last 24-hours. Overall, Tron coin has lost up to 1.12% of its value during the day. As the bears come forward to maintain the lead, the investors should consider the market scenario before the next step.

TRX/USD 1-day chart analysis: Coin value declines to $0.1499 low amidst descent

The 1-day price analysis for Tron indicates a decreasing trend for the cryptocurrency. Coin value has dropped down to $0.1499 during the day. Moreover, the overall market sentiment remains on the bearish side as well. There are lower chances of reversal within the current price movements, as the volatility levels are sinking.

The gap between the Bollinger bands defines market volatility. As this gap is shrinking, this indicates lower market unpredictability. The upper limit of the Bollinger bands indicator acting as resistance is associated with $0.1717. Conversely, the lower limit of the Bollinger bands indicator serving as support is present at $0.1350.

The Relative Strength Index (RSI) indicator is hovering within the neutral region. Its value has decreased to 51.46 in the past 24-hours. This decreasing movement confirms a bearish trend. Moreover, the descending curve on the RSI graph confirms a negative market sentiment. If the selling activities intensify further, the RSI value may deteriorate further.

TRX/USD 4-hour chart analysis: TRX value spikes up to $0.1499 amidst recovery

The four-hour price analysis of the Tron coin presents a bullish scenario. An upward trend was recorded over the span of the last four hours. Coin value has ascended up to $0.1499 high during the day. Despite the decreases in the earlier hours, currently, the bulls are securing the leading end.

The volatility is on the increasing side, as the Bollinger bands are expanding. This increase in volatility signifies a higher market unpredictability. Moving ahead, the upper extreme of the Bollinger bands indicator, acting as resistance, is at $0.158. Whereas, the lower extreme of the Bollinger bands indicator, serving as support, is at $0.148.

The RSI indicator is situated below the oversold threshold. The downward swing in the earlier hours of the day has reduced the RSI value in the oversold area. However, the indicator’s value has stepped up to 29.27 in the past four hours. As the RSI indicator escapes the oversold region, this brings stability in the crypto market. Moreover, the improvement in the RSI value signifies a balanced trading environment for now.