TRON Price Prediction: 2024, 2025, 2030

TRX price prediction: Key highlights

1. Primary support and resistance levels

• An examination of the weekly chart revealed that the lowest support level was established at $0.086.
• Meanwhile, the highest resistance level is expected to be at $0.170.

2. Market sentiment

• The dominant market sentiment is seen to be bullish in September 2024.

3. Predictive forecasts 

• Based on our AI/ML predictive algorithms, the average price of TRX is projected to be $0.240 in 2027, with a future increase to more than $0.700 in 2034.

Given below is an extensive weekly technical analysis of TRX, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

TRX technical analysis: Bulls charge to prevent a downtrend

The market’s prolonged bullish stance on TRX has propelled it into the limelight. As stakeholders look to gauge its future trajectory, understanding market trends and other developments will be crucial in shaping the Tron price prediction in 2024.

The analysis commenced with the asset rallying and reclaiming its lowest yearly support at $0.086 in late September. This uptrend drove it over the critical $0.101 mark, concurrently testing the $0.108 level in November. Following this, TRX consolidated within this range for nearly two months.
 

A bullish breakout in mid-January turned the latter into a firm support base. Furthermore, February witnessed a significant bull run, propelling the price over $0.134 by mid-month.

AMBCrypto revealed that Tron’s growth was buoyed by optimistic network developments, including plans to launch a Bitcoin (BTC) Layer 2 solution, which could further bolster the blockchain's value.

However, this peak was short-lived as investors began to exit their positions. Moreover, the broader market downturn returned the asset to $0.108 by the second week of April.
 

A late-month rally faltered under the seller's stronghold. Nonetheless, the market flashed green signals by late May. Unlike many other altcoins, TRX saw continued growth in June.
 

The rising adoption of USDT trading on the network and the steady growth of daily active addresses and transactions were major contributors to this uptick. By mid-July, the asset reclaimed $0.134 again. After defending this level for a month, the price faced a pullback by the end of July.

Regardless, August progressed optimistically. A substantial mid-month surge pushed the price to the highest resistance at $0.168, revisiting May 2021 highs. The primary catalyst behind this bull run was the launch of a memecoin project known as SunPump.
 

Furthermore, AMBCrypto noted a noticeable increase in network addresses, revenue, and activities, notwithstanding the considerable fluctuations in the cryptocurrency market. Moreover, Tron's network activity exceeded Ethereum's (ETH).

Nevertheless, the market underwent a correction due to TRX’s overbought state. By September, it dropped to $0.147. Even as the broader market improved, the asset remained stagnant below $0.153 due to buyer hesitance. At the time of writing, it exchanged hands at $0.152.
 

AMBCrypto disclosed that TRX saw a significant increase in long-term holders, with over 95% of them holding at a profit. This indicated that most investors were likely motivated to continue holding in anticipation of future gains. Moreover, a bullish divergence on the daily chart signaled an upcoming uptrend.

A sustainable run could push the price beyond the yearly peak. However, any further upside might be limited by significant resistance at $0.170, with a substantial amount of TRX possibly being liquidated just around this mark.

Nevertheless, if the market continues to move southward, the price can again find support at $0.134. If this level is lost, the trend can likely reverse to bearish, setting $0.108 as the next price support.
 

Predictive models remain optimistic about the asset's future, projecting an upward trajectory. The average price could reach $0.240 within the next three years. This projection entails TRX hitting its all-time high (ATH) by 2027. By 2034, the average price could soar to $0.700.

TRX's 2024 roadmap: Key indicators to watch and trade

• The Bollinger Bands’ frequent expansions coincided with the candles’ contact with the upper band. The bands converged as the price fell below the 20-week Moving Average (MA) briefly in April and from late May to June.
• However, volatility increased after the price reinstated its dominance. It touched the upper band slightly in July and crossed it in mid-August, signaling overbought conditions. This prompted a correction, pulling the candles below the upper band.
• The trading volume reflected substantial investor presence throughout the period. Notably, even during price drops, the volume rose. 
• The mid-August price surge attracted substantial investors, as evidenced by the volume peak. Following this, the volume dropped, highlighting a decrease in trading activity. 
• The Relative Strength Index (RSI) remained above the 50 line for most of the analysis period. It ventured into the overbought region in late September, between late October and November, and between early February and March. 
• A pronounced decline succeeded the latter foray over 70. This pushed the indicator briefly below 50 in the first half of April and again in late May. 
• It recovered by early June and temporarily turned overbought in mid-August. As the analysis concluded, the RSI registered at 61.93, highlighting the broader bullish trend.