![]() Notably, TRON (TRX) price lies below 50 MA (short-term), so it is in a downtrend. TRX /USDT RVOL, MA, RSI (Source: Tradingview )Īlso, the Moving Average (MA) of TRON (TRX) is shown in the chart above. Currently, the RVOL of TRX lies below the cutoff line, indicating weak participants in the current trend. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. The Relative Volume (RVOL) of TRON (TRX) is shown in the chart below. TRON (TRX) Price Prediction 2022 - RVOL, MA, and RSI If this trend continues, TRX might run along with the bulls overtaking its resistance level at $0.12341.Īccordingly, if the investors turn against crypto, the price of TRON (TRX) might plummet to almost $0.03961 a bearish signal. The charts show that TRON (TRX) has performed a bullish trend over the past month. TRX /USDT Support and Resistance Levels (Source: Tradingview )įrom the above daily time frame, we can clearly interpret the following as the resistance and support levels for TRON (TRX). The chart below shows the support and resistance levels of TRON (TRX). If the trend reverses, then the price of TRX may fall to $0.05071. ![]() If the pattern continues, the price of TRX might reach the resistance levels of $0.08775, $0.12325, and $0.17770. Traders keenly look out for a significant breakout point.Ĭurrently, TRON (TRX) is in the range of $0.06112. Generally, a descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. If the price action breaches the lower support level, the bearish trend would be sustained. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. This pattern is often regarded as a characteristic of a bearish trend. The above chart of TRON (TRX) laid out the descending triangle pattern. TRX /USDT Descending Triangle Pattern (Source: Tradingview ) TRX price prediction 2022 is explained below with a daily time frame. TRON (TRX) holds the 16th position on CoinGecko right now. Even more, TRX continues to stay as a potential payment option for content creators. It is also deployed as credit card payments too. TRON (TRX) is utilized as a governance token on the blockchain granting voting rights. TRON blockchain runs based on the delegated proof-of-stake (DPoS) consensus mechanism. Later in 2018, TRX migrated onto its native blockchain. Initially, TRX was launched as an ERC-20 token on the Ethereum blockchain in 2017. TRON was founded by Justin Sun and is managed by the TRON Foundation. TRON (TRX) exists as the native crypto coin on the TRON blockchain. Currently, TRON (TRX) trades in cryptocurrency exchanges such as Binance, KuCoin,Gate.io, LBank, FTX and Huobi Global. ![]() Moreover, TRON (TRX) has a circulating supply of 92,341,136,512 TRON. However, TRX has increased by nearly 0.5% in the last 24 hours. TRON (TRX) Current Market StatusĪccording to CoinGecko, the price of TRON (TRX) is $0.061144 with a 24-hour trading volume of $358,340,886 at the time of writing. In TRON (TRX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about TRX to analyze the future movement of the cryptocurrency. Bearish TRX price prediction for 2022 is $0.03961.TRON (TRX) price might also reach $0.1 soon.Posted on Octo(October 3, 2022), 12:05 pm by Hannah Carter 3 seconds ago | 8 mins read Crypto Price Prediction ![]()
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