The TRX price can reach a maximum level of 0.24 with the average trading price of 0.21. Per their estimates, Tron will end 2021 with a price of $0.08 and reach towards $0.24 by 2028. As per the forecast price and technical analysis, In 2024 the price of TRON is predicted to reach at a minimum level of 0.20. Digital Coin Price projects a similar path for the price of TRX crypto. More conservative estimates put TRX price closer to 5 in that time. The network regards its potential transaction per second to be at 2,000.ДЄccording to the estimates of Wallet Investor, Tron will be operating at a price level of $0.11 in a yearвЂ™s time while the five-year projection places the cryptocurrency at $0.35. Get an expert outlook with our TRON (TRX) price prediction, forecast & analysis report. Some analysts predict the Tron price will go as high as 10 in 10 years. Tron is considered to be one of the good projects in the market with locked potential. Despite the current bearish outlook of the cryptocurrency, the long-term price forecasts are bullish. The blockchain is also known for its user friendliness in decentralized app development. Tron is an operating system based on the blockchain which focuses on the content sharing and entertainment space. The upcoming price action will prove to be crucial for cryptocurrency. However, the recent consolidating price movements may also suggest towards the end of the dominance of the bears. There is still a likelihood that the cryptocurrency will test the price level.

Although a slight decrease can be observed in the bearish momentum with price volatility being decreased, the potential price target for Tron lies at the support level of $0.049. The lowest price TRON reached was on 13 March 2020, when the coin was worth 0.00686. The trend line has become even steeper as the bears further strengthened. In June, the price rose to 0.047 and then continued to fall until 2020. The cryptocurrency has been identified to be operating with a descending trend line since the beginning of July. The bearish momentum of Tron is going strong. The oscillators are neutral while the moving averages suggest a strong downtrend in the daily timeframe. Out of the total twenty-six technical indicators, fifteen are giving out an indication of sell with eight indicators at neutral and only three standing at a buy position. The market sentiment for Tron cryptocurrency is bearish.

The daily trading volume, on the other hand, has declined by more than 10%. Based on our tech sector growth prediction the estimated TRX price would be between 0.106918 and 0.321074 meaning the price of TRON is expected to rise by. The cryptocurrency has been relatively stable in the past twenty-four hours with only a minor downside movement. At the time of writing, Tron crypto stands at a price level of $0.055. The cryptocurrency suffered from some major corrections but was able to somewhat restore an upward momentum. Tron (TRX) coin had been trending downwards as the whole cryptocurrency market turned bearish after the high of the 2021 bull run.

Trx crypto price prediction