Key Takeaways:
- Our Tron price predictions anticipate a high of $0.1551 by the end of 2024.
- In 2027, TRX will range between $0.4068 and $0.4996, with an average price of $0.4184.
- In 2030, TRX will range between $1.38 and $1.56, with an average price of $1.41.
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 BitcoinLinux Price Prediction answers these questions and more.
Overview
| Cryptocurrency | Tron |
| Ticker | TRX |
| Current price | $0.1612 |
| Market cap | $13,966,834,685 |
| Trading volume | $420,477,279 |
| Circulating supply | 86,788,545,742 TRX |
| All-time low | $0.001091 on Sep 15, 2017 |
| All-time high | $0.3004 on Jan 5, 2018 |
| 24-hour low | $0.1616 |
| 24-hour high | $0.1595 |
Tron price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 3.49% |
| 50-day SMA | $ 0.12853 |
| 200-day SMA | $ 0.123347 |
| Sentiment | Bearish |
| Fear and greed index | 17 (Extreme Fear) |
| Green days | 16/30 (53%) |
Tron price analysis: Tron seeks bullish recovery beyond $0.1612
Key takeaways:
- Tron price analysis shows an upward trend at $0.1612.
- TRX coin has devalued up to 0.12% from its previous close.
- TRX prices are seeking resistance around $0.1755 high.
On August 30, 2024, Tron price analysis confirmed an upward trend for the cryptocurrency. Coin value is now at $0.1612, after receiving a considerable boost today. However, the overall market sentiment remains negative, as the cryptocurrency lost up to 0.12% of value in the past 24-hours. Today’s upturn creates a favorable scenario for the buyers, as the bullish momentum is on the sustained end after revival.
TRX/USD 1-day chart analysis: Upswing intensifies recovery above $0.1612 high
The 1-day price chart of Tron reveals an increasing trend for the cryptocurrency. The TRX/USD value has ascended up to $0.1612 after the upside during the day. This increasing movement signifies a bullish trend. The coin value is now present above its Moving Average, as the bulls have been securing consecutive victories.
The gap between the upper and lower sides of the Bollinger bands indicator determines volatility. As the bands are widening, this indicates an increase in the volatility. Moreover, the upper limit of the Bollinger bands indicator, acting as the resistance band, is at $0.1755. However, the lower limit of the Bollinger bands indicator, acting as support, is at $0.1191.
The Relative Strength Index (RSI) indicator is present close to the overbought region. Its current value is 67.58, as a continual upward swing has been observed in the past few weeks. Today’s improvement in the RSI confirms a bullish victory; however, the overall market sentiment is bearish. The increasing movement of the RSI promises a balanced trading environment for the currency.
TRX/USD 4-hour chart analysis: Upturn results in revival above $0.1612
The four-hour price analysis of Tron confirmed an upward trend for the cryptocurrency. The coin value has revived up to $0.1612 high in the past four hours. Despite the few decreases in the earlier hours, the overall trend remains bullish. There are lower chances of reversal in the market trends considering the decrease in volatility.
As the Bollinger bands are converging, this indicates a decreasing volatility. This decreasing volatility is indicative of lower market unpredictability. Moreover, the upper extreme of the Bollinger bands indicator, determining the resistance point, is associated with $0.1626. Whereas, the lower extreme of the Bollinger bands indicator, confirming the available support, is present at $0.1572.
The RSI graph displays an upward curve, confirming the bullish progress. The indicator’s value has increased up to 54.17. Still within the neutral region, the ongoing upside can lead the indicator close to the overbought region. Pertaining to the continual upward movement of the RSI, there seems to be stability within the trading atmosphere as of now.
TRX technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 0.12537 | SELL |
| SMA 5 | 0.127727 | SELL |
| SMA 10 | 0.131564 | SELL |
| SMA 21 | 0.133552 | SELL |
| SMA 50 | 0.12853 | SELL |
| SMA 100 | 0.123714 | SELL |
| SMA 200 | 0.123347 | BUY |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 0.126341 | SELL |
| EMA 5 | 0.128285 | SELL |
| EMA 10 | 0.130927 | SELL |
| EMA 21 | 0.132035 | SELL |
| EMA 50 | 0.129248 | SELL |
| EMA 100 | 0.125682 | SELL |
| EMA 200 | 0.1190 | BUY |
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 BitcoinLinux price prediction explores its expected movements from 2024 to 2030.
What can we expect from Tron price analysis next?
Tron price analysis confirms a highly bullish scenario regarding the ongoing market events. Currently trading at $0.1612, the cryptocurrency value has undergone a significant recovery. Conversely, the overall market sentiment remains negative as TRX coin lost up to 0.12% of value in the past 24-hours. Technical indicators as well as the price charts continue to favor the bulls. If the buying activity intensifies further, there is a high chance that the cryptocurrency may achieve further highs.
Why is Tron up?
Tron is bullish this month. Tron reached its all-time high Total Value Locked (TVL) of $10 billion this year and the TRX price being well above its all-time high. Additionally, the blockchain is consistently one of the most active in terms of the number of transactions and users.
Will Tron reach $0.5?
Yes, Tron should rise above $0.5 in 2027. Its price will range between $0.4581 and $0.5714 during that period.
Will Tron reach $1?
Yes, Tron should rise above $1 in 2029. Its price will range between $0.9668 and $1.17 during that period.
Will Tron reach $10?
Per the BitcoinLinux price prediction, Tron will unlikely reach $10 before 2030.
Does Tron have a good long-term future?
According to BitcoinLinux price predictions, Tron is set to trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.
Recent news/ opinions
- Tron DAO announced that its active users wallet count has reached 2 million and the number of addresses with high stablecoin transfer volume has grown by 20% this year.
- Tether issued $1 billion in USDT tokens on Tron, boosting its stablecoin supply with zero transaction fees. As reported by Arkham and Nansen, this move aligns with the rising trend in the stablecoin market cap since June 29.
Tron price prediction August 2024
A break of resistance will result in a mini bull run, with the next target at $0.1423. This month, it will average at $0.1319 and drop to $0.1124 at its lowest.
| Month | Potential low ($) | Potential average ($) | Potential high ($) |
| August | 0.1124 | 0.1319 | 0.1423 |
Tron price prediction 2024
The technical indicators are bullish on TRX in the second half of 2024. It is anticipated to trade between $0.1411 and $0.1551, with an average price of $0.1460.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 0.1411 | 0.1460 | 0.1551 |
Tron price prediction 2025-2030
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2025 | $0.1928 | $0.2001 | $0.2424 |
| 2026 | $0.2799 | $0.2879 | $0.3388 |
| 2027 | $0.4068 | $0.4184 | $0.4996 |
| 2028 | $0.5971 | $0.6138 | $0.7113 |
| 2029 | $0.8699 | $0.9006 | $1.02 |
| 2030 | $1.38 | $1.41 | $1.56 |
Tron price prediction 2025
The Tron price forecast for 2025 sets the high at $0.2424. The lowest price for the year will be $0.1928, and the average price will be $0.2001.
Tron price prediction 2026
It will experience more bullish momentum in 2026. According to the predictions, it will range between $0.2799 and $0.3388, with an average price of $0.2879.
Tron price prediction 2027
The TRX prediction climbs even higher into 2027; according to the prediction, it will range between $0.4068 and $0.4996, with an average price of $0.4184.
Tron TRX 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 $0.5971 and a maximum price of $0.7113. The average price for the year will be $0.6138.
TRX price prediction 2029
According to the Tron forecast 2029, the TRX price will reach a maximum and minimum of $1.02 and $0.8699, respectively, with a year-round average of $0.9006.
Tron crypto price prediction 2030
The TRX price prediction for 2030 indicates a price range of $1.38 and $1.56 and an average price of $1.41.
Tron market price prediction: Analysts TRX price forecast
| Platform | 2024 | 2025 | 2026 |
| Digitalcoinprice | $0.28 | $0.33 | $0.46 |
| Changelly | $0.12 | $0.23 | $0.33 |
| Gate.io | $0.14 | $0.14 | $0.16 |
BitcoinLinux’s TRX price prediction
At current levels, Tron remains bullish. According to our predictions, TRX will achieve a high of $0.1551 in the second half of 2024. In 2025, it will range between $0.1928 and $0.2424, with an average of $0.2001. Note the predictions are not investment advice. Seek independent professional consultation or do your own research.
Tron historic price sentiment
- Jutin Sun founded Tron in 2017.
- The Tron Foundation raised $70 million from an initial coin offering (ICO) the same year.
- In January 2018, TRX reached its all-time high of $0.3004, and a month later, it reversed to levels below $0.05.
- The Tron mainnet launched in May 2018. A month later, they migrated TRX from Ethereum to Tron. The news pushed it to a high of $0.09.
- TRX consistently traded below $0.05 until the last quarter of 2020, when it began rising.
- 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 announced the cessation of USDC stablecoin on the Tron ecosystem. This news forced TRX to correct from the year’s high $0.1429.
- TRX maintained its price above $0.1234 till the mid of May, but stepped down to $0.1113 by the end of month.
- Tron price started to improve by the start of June and in July it reached $0.1398.
- By the end of July 2024, TRX value started to decrease again, and it is trading near $0.1235 on August 6.
