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 $0.075.
• Meanwhile, the highest resistance level is expected to be at $0.148.

2. Market sentiment

• The dominant market sentiment is bullish in July 2024.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of TRX is projected to exceed $1 in 2026, with a future increase to more than $10 in 2029

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 glide past bears’ claws

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 Tron's price prediction in 2024.

The analysis commenced with the asset rallying from its lowest yearly support at $0.075.  An initial attempt to breach $0.090 was rejected. However, the former support effectively prevented further declines. 

In September, the bullish momentum resumed, repeatedly testing and breaking through the $0.090 level by the end of October. This uptrend continued, and by November, the asset reclaimed the critical $0.101 mark, concurrently testing the $0.108 level. Following this, TRX consolidated within this range for nearly two months.
 

By the end of January, a bullish breakout occurred, turning the $0.108 level into a firm support base. February witnessed a significant bull run, propelling the price to challenge its peak resistance at $0.140 in the month's latter half. 
 

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

In early March, AMBCrypto highlighted that the total value locked (TVL) in Tron's decentralized finance (DeFi) protocols reached a new all-time high (ATH), approaching double digits. This was alongside data indicating that over 98% of Tron's holders were profitable. 

However, this situation preceded increased selling pressure as investors began to exit their positions. Furthermore, the broader market bled, returning the asset to $0.108 by the second week of April.

A late-month rally culminated in the asset testing $0.127 in early May. Nonetheless, a rejection led to a slight retracement but not to previous lows. TRX saw continued growth in June, even as other altcoins faced intense selling pressure. The rising adoption of USDT trading on the network bolstered this uptick. As the analysis ended, the asset exchanged hands at $0.125. 
 

AMBCrypto revealed that since the start of 2024, the number of active Tron addresses has consistently risen, averaging nearly 2.5 million daily. Moreover, TRX’s daily active addresses grew steadily over the past month. Consequently, the blockchain’s daily transactions exhibited a similar uptrend. The financial aspects looked upbeat, with the token’s transaction fees and revenue marking increases last month.
 

Going forward, if the bulls replicate their previous success, claiming the current resistance appears likely in the short-to-medium term. A sustainable run could potentially push the price beyond $0.140. However, any further upside might be limited by significant resistance at $0.148, with a substantial amount of TRX possibly being liquidated just around this mark.
 

If the market moves southward, the price can again find support at $0.108, and a break below it can push the price back to $0.101. Also, a further drop would significantly reduce the asset's valuation, potentially leading it back to $0.090.

Predictive models remain optimistic about the asset's future, projecting an upward trajectory. The average price could reach more than $1 within the next two years, and by 2029, it could soar to as high as $10.

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

• The 20 and 50 Exponential Moving Averages (EMAs) acted as dynamic support levels for the price, with the former dominating. 
• The price candles briefly fell below the 20 EMA in April and then again by late May before regaining their dominant position in mid-June. This indicated that despite the selling pressure, the uptrend remained strong.
• The trading volume remained high throughout the period. Notably, even during price drops, the volume recovered, reflecting significant market activity.
• The Relative Strength Index (RSI) remained above the 50 line for most of the analysis period. It briefly ventured into the overbought region in late September, then for a substantial period between late October and November, and again between early February and March. 
• A pronounced decline succeeded the last foray over 70. This pushed the indicator briefly below 50 in the first half of April and again in late May before recovering by early June. As the analysis concluded, the RSI registered at 58.12. This highlighted the broader bullish trend.