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TRX Price Prediction: Analyst Anticipates A Move Toward $0.54

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TRX Price Prediction: Analyst Anticipates A Move Toward $0.54
  • TRX price could reach upto $0.54 as a breakout seems imminent.
  • TRON’s Value at Risk (VaR) analysis unveils critical insights into its price fluctuations.

TRON (TRX) price has maintained its resilience and rebounded from the 100 day EMA mark. As large investors poured their money, it captured market attention in the recent sessions.

At press time, TRX price was trading at $0.2398, noting a rise of over 7.35% in the past 24 hours. With a market cap of $20.66 Billion and a 24-hour trading volume surge of over 54% to $978.05 Million, TRX remains a key focus for investors.

TRX on the Brink of a Breakout: Here’s the Analysis

TRX coin is gearing up for a significant move as highlighted in a post on X by Rose Premium Signals. According to the analyst, TRX coin’s price chart formed a falling wedge pattern and was on the verge of a breakout.

Source: X
Source: X

As TRON price sets the stage for a potential breakout rally, it could reach $0.3957 shortly. Meanwhile, a break above the $0.40 mark could pave a 130% rise to $0.5486 in the next few weeks.

Risk Metrics Drop Sharply in 2025

The Value at Risk (VaR) for TRON (TRX) revealed that price volatility on TRON decreased during January 2025. These trends will be useful for market participants determined to synchronise their actions in a constantly evolving market landscape.

Source: CryptoQuant
Source: CryptoQuant

On January 13, the Value at Risk (VaR) dipped to -0.0231. However, it has improved from the lower levels of -0.0219 over the past seven days.

As depicted in the above chart, if the current price of the TRX marches upwards, the VaR values are predicted to decline significantly.

This development will be useful for the risk-averse traders and the long-term investors as it makes it possible for them to know that there’s a lesser level of price uncertainty in the market.

On the other hand, lower VaR values as shown on January 13 provide a chance to be more aggressive with trading, as you are secured against the drop of stock price, since the probability of large price movements is not high.

TRON’s On-Chain Metrics Outlook

Data from IntotheBlock revealed that new addresses rose by 62.20% in the past seven days, while active addresses remained flat. The increase in new addresses highlighted increased engagement across the blockchain. This activity coincides with recent price consolidation and market sentiment.

Address Stats | Source: IntotheBlock
Address Stats | Source: IntotheBlock

In addition to it, the number of large transactions rose over 23% to 450 txs, demonstrating a rise in buying activity. The surge in transactions signals growing optimism among market participants for a market surge.

TRON Price Analysis: Key Levels to Watch

Per the daily chart analysis, TRX coin rebounded by over 7% intraday and regained bullish momentum.

TRX Price Chart | Source: TradingView
TRX Price Chart | Source: TradingView

The Relative Strength Index (RSI) showed a positive crossover and signals a further relief rally ahead. If TRX price breaches the immediate hurdle of $0.2500, a bounce toward $0.2700 can be anticipated soon.

On the other hand, a drop below $0.2200 could trigger a downside move toward $0.2000 in the short term.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

K
Written by
Markets Writer

Krystian Bielanski is a markets and cryptocurrency writer contributing to The Market Periodical, covering Bitcoin, altcoins and broader market analysis.

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About this article

PublishedJanuary 16, 2025 11:32 pm
Last updatedJanuary 20, 2025 10:00 pm
Written byKrystian Bielanski, Markets Writer
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

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