TRON price has been stuck in the same range since December, mostly hanging around the $0.20 mark. However, some experts think it could jump five times higher in the future.
Crypto Patel shared a chart that looks at TRX weekly price movements. He says reaching $1 is “highly possible,” but getting in at the right price is key. The chart shows where TRON has been since 2019 and some recurring patterns that indicate it could reach $1 in the coming months.
The chart suggests that TRON price could still see some declines first before a bounce. There’s a green box on the chart between $0.10 and $0.14, showing where buyers typically step in. There’s also a blue trendline trending upward that has supported the price over time.
If things go as the chart suggests, TRON could break out strongly and reach $1. However, the timeline is not stated. The prediction is based on how the price pattern has behaved over the years.
What the Technical Signs Tell Us About TRON Price
The green area between $0.10 and $0.14 is important because buyers have jumped in at these prices in the past. If you’re looking to invest for the long term, this zone matters.
The blue trendline has been a support for the price. The analyst expects a dip towards that point again, or a little lower, before the next leg up. The path upward won’t be straight; expect some ups and downs along the way.
Read Also: SEC ‘Getting Ready to End’ XRP Case, Schedules Another Secret Meeting With Ripple
While things look good for TRON, there are risks. If Bitcoin crashes, the TRX price will likely fall too or continue to consolidate. Also, if TRON drops below $0.10, the positive outlook weakens.
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