TRON is a blockchain-based operating system with the goal of making blockchain technology suitable for everyday use. Unlike Ethereum, which can handle up to 25, TRON says that its network can manage 2,000 transactions per second.

TRON has positioned itself as a place where content creators may directly communicate with their viewers. It is believed that by eliminating centralized platforms — whether streaming services, app shops, or music websites — producers will lose less money to middlemen. As a result, users may be able to obtain material at a lower cost. TRON may have a head start in adapting blockchain technology to the entertainment business, given how the industry is becoming increasingly computerized. Let us review the TRX price

TRX Price Prediction

TRX Price

Bullish Scenario: On Thursday, the price of TRX skyrocketed when Justin Sun announced plans for a new stablecoin. TRX hit a high of $0.074, the highest since April 4th. However, following Jerome Powell’s hawkish remarks, these gains were short-lived. TRX may retrace back to $0.06 support levels. If TRX manages to break over the resistance level at $0.074 after retracements, it will be mildly bullish. With sufficient buying activity, breaking above the $0.08 price barrier will lead to a rise towards $0.10 and higher.

Bearish Scenario: TRX has been in a decline for several months, thus we don’t have a strong bullish bias for the medium term. If the support level of $0.06 does not hold, the price will sooner or later fall below $0.05, $0.03, and much lower.

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Images courtesy of TradingView.


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