TRON (TRX) Price Prediction 2025, Bullish Potential in the Near Future!

Bittime - Price movement patterns of TRON (TRX) have been quite interesting lately. Currently, TRX is in a consolidation phase inside a descending wedge pattern, which is often an indication of a potential reversal to the upside. 

This pattern was clearly visible after the TRX price correction from the highest level of $0.45 on December 3. Read this article to know more about TRON (TRX) price predictions 2025!

TRON (TRX) Price prediction: Bullish Signal

Source: CCN

On the daily chart, TRX price formed a strong descending wedge pattern. This pattern has historically often preceded a bullish reversal, especially if it managed to break the upper bound of the wedge at the $0.267 level (based on the 0.618 Fibonacci retracement).

During this correction, TRX has found strong support at the $0.218 level (0.786 Fibonacci retracement). This level is a crucial area that keeps bullish momentum alive. 

However, the TRON (TRX) price prediction is that if you want to confirm the upward direction, the Relative Strength Index (RSI) indicator needs to provide a clear breakout signal.

Read Also: TRX Price Prediction Q1 2025 According to Crypto Academy 

TRON (TRX) Price Key Levels

If TRX manages to break the $0.267 resistance level, the next targets are at $0.302 (0.5 Fibonacci retracement) and $0.336 (0.382 Fibonacci retracement). 

On the other hand, if the price falls below $0.218, then the TRON (TRX) price prediction has the potential for a deeper decline towards $0.156 (1.0 Fibonacci retracement) could occur, which would erase the bullish outlook in the near term.

TRON (TRX) Price Analysis

On the 1 hour chart, TRX's consolidation inside the descending wedge pattern looks more detailed. Based on Elliott Wave analysis, TRX is currently in the final phase of the corrective wave “E”, which indicates the potential for an impulsive upward movement is approaching.

If TRX successfully breaks out of the wedge, the TRON (TRX) price prediction could head towards the $0.267 level first, with a possible extension to $0.302 and $0.336. 

However, if the support at $0.218 fails to hold, TRX could retest the $0.20 level or even $0.156, which would mark the continuation of the correction phase.

Read Also: How many Rupiah is 1 TRON (TRX)? That's the Coin Price! 

TRON (TRX) Price Prediction 2025

If TRX manages to maintain its bullish momentum, the TRON (TRX) price prediction to rise above $0.30 becomes very possible. 

With growing market sentiment, support from market patterns, and increasing adoption of TRON technology, 2025 could be a promising year for TRX.  

Read Also: Tron Bull Memecoin: Spectacular Story and Future Potential 

TRON (TRX) FAQs

What is TRON (TRX)?

TRON is a blockchain platform designed to support digital content and DApps. TRX is TRON's native token used to pay for transactions, incentivize users, and support the TRON ecosystem.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

TRON offers high transaction speeds and low fees making it ideal for applications that require scalability. Additionally, TRON supports developers to create and run DApps more efficiently.

What are some examples of using TRON?

TRON is used to support digital content, streaming, and entertainment applications. Additionally, TRX is used for transactions, staking, and participation in the TRON ecosystem, including DeFi and NFTs.

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Reference

CCN, Tron (TRX) Price Consolidates Above Key Resistance, Eyeing Breakout, accessed January 22, 2025.

Author: IPR