TRX Price Prediction: TRON Targets $0.38 Breakout Within 2 Weeks Despite Bearish MACD Signals

TRX Price Prediction: TRON Targets $0.38 Breakout Within 2 Weeks Despite Bearish MACD Signals - Blockchain.News

TRON (TRX) is currently trading at $0.35, down 0.85% in the last 24 hours, as the cryptocurrency consolidates near critical technical levels. Despite mixed momentum indicators, our TRX price prediction suggests bullish potential remains intact, with multiple analysts converging on upside targets between $0.345 and $0.38 in the coming weeks.

TRX Price Prediction Summary

• TRX short-term target (1 week): $0.345-$0.37 (+1.4% to +5.7%) • TRON medium-term forecast (1 month): $0.33-$0.38 range with bias toward $0.37 • Key level to break for bullish continuation: $0.37 resistance • Critical support if bearish: $0.33 (Bollinger Band lower boundary)

Recent TRON Price Predictions from Analysts

The latest TRON forecast from leading analysts shows remarkable consensus around the $0.345-$0.38 price target range. CoinLore and Changelly both project TRX reaching $0.3455 and $0.345 respectively in the short term, citing technical indicators including RSI, MACD, and Fibonacci retracements as key drivers.

More optimistically, Blockchain.News has set a TRX price target of $0.38, noting that despite an overbought RSI reading of 73.42 from their analysis date, bullish MACD momentum could fuel a breakout. This creates an interesting contrast with current data showing a bearish MACD histogram of -0.0018, suggesting momentum has shifted since their prediction.

CoinCu's analysis anticipates TRX trading within a $0.3375-$0.3611 range, while Traders Union projects a medium-term target of $0.382815. The most conservative prediction comes from CoinCodex at $0.308464, factoring in potential correction from overbought levels.

TRX Technical Analysis: Setting Up for Resistance Test

Current TRON technical analysis reveals a cryptocurrency at a critical juncture. With TRX trading at $0.35, exactly at the 20-period SMA and Bollinger Band middle line, the price action suggests consolidation before the next directional move.

The RSI at 53.81 indicates neutral momentum, a significant cooling from the overbought conditions referenced in recent analyst predictions. This normalization could actually support the bullish TRX price prediction scenarios, as it removes the immediate risk of momentum-driven selloffs.

However, the MACD histogram at -0.0018 signals bearish momentum in the short term, with the MACD line (0.0074) sitting below the signal line (0.0092). This creates a divergence between the bullish analyst sentiment and current momentum indicators.

Volume analysis shows $259 million in 24-hour trading on Binance, providing adequate liquidity for potential breakout moves. The daily ATR of $0.01 suggests relatively low volatility, which could compress before a significant directional move.

TRON Price Targets: Bull and Bear Scenarios

Bullish Case for TRX

The primary bullish scenario for our TRX price prediction centers on a breakout above the $0.37 resistance level, which coincides with both the 52-week high and the upper Bollinger Band. Success above this level could trigger the analyst targets of $0.38-$0.382815.

Supporting this bullish TRON forecast is the positioning above all key long-term moving averages, with the SMA 200 at $0.27 providing strong foundational support. The current price represents a 29.6% premium to this long-term average, indicating sustained bullish structure.

For the bullish case to materialize, TRX needs volume expansion above $0.37 and a positive MACD crossover. The Stochastic indicators at 36.22/%K and 36.54/%D suggest room for upward momentum without reaching overbought extremes.

Bearish Risk for TRON

The bearish scenario would unfold if TRX fails to hold the $0.35 pivot point and breaks below the lower Bollinger Band at $0.33. This would target the strong support zone at $0.29, representing a potential 17% decline from current levels.

Key risk factors include the current bearish MACD histogram and the proximity to the 52-week high, which could act as psychological resistance. A failure to break $0.37 after multiple attempts could trigger profit-taking and technical selling.

Should You Buy TRX Now? Entry Strategy

Based on our TRON technical analysis, the current risk-reward setup favors patient accumulation rather than aggressive buying. The optimal entry strategy involves waiting for either a breakout above $0.37 or a pullback to the $0.33-$0.34 support zone.

For those asking "buy or sell TRX," the technical setup suggests a neutral-to-bullish stance with specific entry criteria. Conservative buyers should consider entries near $0.33 with stop-losses below $0.31. Aggressive traders might enter on a confirmed break above $0.37 with initial targets at $0.38.

Position sizing should account for the 17% downside risk to strong support at $0.29. Risk management suggests limiting TRX exposure to 2-3% of portfolio allocation given the mixed momentum signals.

TRX Price Prediction Conclusion

Our comprehensive TRX price prediction indicates a medium confidence bullish outlook targeting $0.37-$0.38 within the next two weeks. The convergence of multiple analyst forecasts around these levels, combined with strong long-term technical structure, supports this TRON forecast despite current bearish momentum indicators.

Key indicators to watch include MACD histogram turning positive, sustained volume above $0.37 resistance, and RSI maintaining above 50. Invalidation of the bullish scenario would occur on a daily close below $0.33, which would shift focus to the $0.29 support retest.

The timeline for this prediction to materialize is 7-14 days for the initial $0.37 test, with the full $0.38 TRX price target achievable within 30 days if momentum confirms the breakout scenario.

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