It seems like Tron has been the forgotten cryptocurrency over the past few years as newer blockchains like Polkadot come online, but this Tron price prediction will try to show why Tron is ready to steal the show in 2022.
Tron has posted impressive gains from launch to date, and the developments in the network have captured the imagination of investors. This Tron coin price prediction seeks to determine whether TRX will get its groove back and have a big year in 2022 and beyond.
Tron Price Prediction | Introduction
At the time of writing this Tron crypto price prediction, TRX was trading at $0.06828, according to CoinMarketCap. The market cap of the Tron network at a price is nearly $7 billion, fully diluted to the same amount.
Tron uses blockchain technology to eliminate intermediary parties and enable a direct content sale to consumers. The network stands to receive a boost as massive media conglomerates integrate TRX payments and actively participate in the Tron network.
This growing involvement from billion-dollar institutions is an increasing part of the Tron ecosystem, and it remains to be seen if Tron will be able to leverage its current reach to diversify applications of TRX. This move could dwarf the bearish Tron crypto price prediction thesis.
Tron Price Prediction: Technical Analysis
From $0.02653 to $0.18055, TRX has had an impressive run in a year that seemed rather riskier based on the fluctuation of crypto price, yet Tron’s crypto price has remained a practical investment option for smaller investors. Here is a summary of TRX trading price history:
|Month||Open Price||Closing Price||Month High|
TRX price is retracing toward a crucial support level after a recent bullish run-up. A retest of this area will likely provide Tron crypto with the necessary bullish momentum to kick-start another rally that will extend beyond the recent swing high.
The Tron cryptocurrency price rose 19% from mid-July to mid-October to set up a swing high at $0.12. This run-up faced exhaustion at $0.12, leading to a 9% retracement to where TRX is currently hovering.
A correction is fast approaching on the daily demand zone, ranging from $0.0460 to $0.0680. A dip into this area of support will justify a bullish Tron crypto price prediction and send TRX price upwards on bullish momentum and kick-start its uptrend.
However, the first hurdle for this Tron coin price prediction is $0.08886, roughly 15% away from the current position. Clearing this area will set up TRX with free space to climb higher and retest $0.10045.
Assuming TRX is able to break the said barrier, it would constitute a total 35% advance and is where the rally will face exhaustion as weak hands move fast to book break-even profits. This move could bring traders to question the strength of support at $0.08886 and send TRX tumbling to $0.0680.
On the other hand, there is a chance that the TRX price will stop the ascent at the retest of $0.08886. Such a bearish Tron price prediction will indicate the buying pressure is insufficient. In this case, an increase in TRX selling pressure of excessive profit-taking could undo the run-up.
A daily close below the demand zone’s the higher limit at $0.0680 will create a lower low, and the failure of the lower limit at $0.0460 to contain the fallout will invalidate the Tron crypto price prediction. This scenario will likely open TRX price to revisit the $0.0460 to $0.0360 support zone.
Tron Price Prediction: Market Opinions
Is TRX the best cryptocurrency to buy now? As 2022 begins, investors are moving forward with a great deal of excitement and momentum behind TRX. This crypto has emerged with strong potential and attractive fundamentals that are ingrained into the traditional financial system.
Tron may be left in the dust as other, newer networks with better ecosystems. But as these cryptos get all the ink, investors who understand that Tron sees the potential and reasons to have a bullish Tron price prediction. Here are some of the popular Tron coin price prediction scenarios:
Tron Price Forecast for January – February
TradingBeast eyes a coil up on the TRX price chart before the Tron crypto explodes by 25%. This Tron price forecast for January – February depends on how TRX will bounce off the support level it is hovering around. It eyes a retest of $0.1 to set the pace for TRX price action in 2022.
Long Forecast Tron price prediction proposes that the TRX price crash of December has triggered a bullish setup that is likely to push a rally of nearly 25% in early 2022. This Tron price forecast for January – February indicates the vital nature of the current support level for an advance to $0.063.
Tron Price Forecast for the Rest of the Year
WalletInvestor suggests TRX is due for an explosive advance in 2022, flanked with lots of pressure as it hovers above demand barriers for most of 2022. According to this Tron price forecast for the rest of the year, TRX has given rise to a fractal that hits at a retest of $0.142 within the year.
DigitalCoin eyes a rally of more than 100% in its Tron coin price prediction. It suggests the Tron crypto price will set up higher highs in its Q1 run-up, effectively collecting liquidity resting above 2021’s swing high, a move that will validate its Tron price forecast for the rest of the year at $0.098.
Tron Price Forecast for the Next Year
PricePrediction Tron crypto price prediction hints at a bullish bounce that looks ready for massive gains as TRX tags a crucial support level at $0.10. The confirmation of this level will be a launchpad, according to the Tron price forecast for the next year, to push TRX to $0.12.
Gov.Capital anticipates the restart of the TRX uptrend as Tron crypto eyes bouncing off the demand zone to try doubling its value from the year open. According to this Tron price forecast for the next year, TRX is retesting a crucial support zone for bullish momentum to start another rally for $0.14 in a year.
Cryptocurrency Experts and Influencers
Halimi presents a bullish Tron price prediction that identifies the current trading position as a buying opportunity before TRX finds stable support and rides a broader market trend to break its all-time high and book a price of $1.5 before the year ends.
Graphic eyes 150% gains despite the looming death cross hanging over TRX. This Tron crypto price prediction shows that TRX has arrived at an inflection point, where a daily perspective, TRX is likely to kick-start a major uptrend that will push it to $0.15.
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Latest News and Happenings Concerning Tron
Recently, Justin Sun – the polarizing crypto figure and Tron founder – announced retirement from his brainchild Tron network as he moves to focus his efforts, resources, and reach in the legitimization efforts of crypto in Latin America.
At the same time, Sun announced that the Tron Foundation would be dissolved in 2022. This development comes after three super nodes linked to Sun went offline from the grid, clearing the way room for the Tron community to elect 27 super representatives.
In the meantime, the Foundation is expanding its foray into the market for NFT. It is joined APENFT, a leading non-fungible token (NFT) marketplace, to provide funding of up to $100 million to enable creators and digital artists to create more NFTs.
Tron continues to capture the attention of investors with the recent launch of the USD coin (USDC) on its blockchain. USDC surpassed $100 million in subscriptions days after its public unveiling. This success continues to speak of the power of Tron and a bias for bullish Tron price prediction.
What Will Tron Cost in 2022?
The median Tron price prediction for 2022 is $0.12 to $0.15, as TRX prepares for a list that could break the $1 barrier on attractive technicals from the cryptocurrency market or test $0.15 on a reasonable outlook.
How High Can Tron Go?
The highest Tron crypto price prediction for 2022 is $1.5, which suggests a retest of $120k by Bitcoin could send altcoins soaring in 2022.
How Do I Invest in Tron?
The easiest way to invest in Tron is to buy TRX, which is listed on all the major cryptocurrency exchanges, including Binance, Kraken, Coinbase, and more.
Tron Price Prediction: Verdict
There are tons of great Tron coin price prediction narratives heading into 2022. But even with tough market conditions expected and less liquidity as investors grow wary of volatility, the median Tron price prediction is bullish.
Note: This post was originally published on 15 June 2021 and has been totally updated for the completeness and veracity of the content on 18 January 2022.
Featured image: QuoteInspector.com
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