Following the lead of other altcoins, Tron continues its path to the lowest lows in 2019. The cryptocurrency cannot resist the bearish trend and continues losing one percent by another. What to expect from it in the nearest time? Twitter users and tradingview analysts share their TRX price predictions and views on the cryptocurrency.
The mood of Twitter users doesn’t change
We still remember the recent wave of sarcasm addressed to Justin Sun. Twitter users mock him for fake promises given and blame him for unsuccessful Tron development. The situation is pretty much the same so far – there are practically no positive TRX price predictions.
Check the replies (see, nothing changes):
Sir When will the tron price rises.— SUDHIR KUMAR SINGH (@SUDHIRK05138452) September 5, 2019
Yet, some continue support the cryptocurrency because it might be cheap but stays stable and affordable for anyone:
Tron doesn't have that insane price fluctuation. Kinda gives that peace of mind knowing you can do stuff with it and not worry much... until Mr Bull or Bear comes around lol— Hector #Bitcoin 🔜 Twitchcon (@SniperZero) September 5, 2019
More drops are to come?
TRX is having a tough time at the moment, Justin Sun, the founder, is under a lot of heat and it is looking like the TRX holders are starting to sell at big losses right now. It’s recommended to continue waiting as TRX will continue falling further.
TRX/BTC: over 1200% potential?
Here we are looking at the long-term chart for Tron ( TRXBTC ) and we can see a clear falling wedge pattern that always leads to a massive bullish wave. Profits potential goes from ~600%, April 2018's peak price, up to ~1200%+ for Tron ( TRXBTC ) All-Time High. Check the Fibonacci targets on the chart. Probably, the same scenario will play out this time.
The breakout should happen after TRX reaches $0.013
According to IgorPorokh, since Tron is adding liquidity to the Binance, new volumes for buying and selling appear in the coin. That means that further asset growth is possible. However, no one guarantees it will happen. We can observe the cancellation of the growth scenario breakdown of the white level. After a breakdown of the white level, we can open the short with the target of 0.013.
No sign of recovery
According to user ahf010, TRX may see 50 satoshis. There is a pattern on the chart: although we are in oversell area, there is no sign of positive divergence in weekly time frame Thus, we can go down in price and may see higher level in oscillators to create divergence.
TRX price charts by TradingView