TRON price analysis!!!

[kolbalish]

TRX was seeing oversold conditions a few days ago when its RSI hit a low of 23, before ascending just past 50. However, the RSI was unable to remain above 50, and its drop beneath the level highlighted the fact that TRX’s recent 12% surge from $0.263 to $0.296 was merely a bounce.

TRX found a zone of strong resistance at $0.3 and looked likely to drop towards the support at $0.265.

Interestingly, a recent Reddit post has raised questions about JustSwap’s vetting process, claiming that the Tron Foundation has whitelisted a DeFi project that has since pulled a $2 million exit scam. This, despite DappRadar listing the project as “high-risk.”

Useful link: https://www.tradingview.com/symbols/TRXUSDT/?exchange=BINANCE
Reference - https://eng.ambcrypto.com/tron-synthetix-vechain-price-analysis-19-september/amp/

[timmmers]

Tron us a highly centralized blockchain project for me. When you know about the project Oikos and how Justin Sun behave to them, you would completely change your mind about Tron. In a nutshell, when you make Justin upset, he will destroy your project, by not supporting token on Tron, not listing on PoloniDEX etc. 

[tycsols]

The price will depend on many market factors and in my own opinion the price of tron can range in tight zones for few weeks or lets say a couple months and after that it is expected to breakout and start its bull trend alongwith other top coins like ethereum and bitcoin. I am expecting november and december to be bullish for the market especially the top coins.

[bigcash2011]

Trx will do well only if you hold it for longterm just like we hold eth or btc for that matter.
If someone is looking for fast profits then they should loom for new projects now popping up daily like defi projects to make a quick buck but they should keep in mind that these will be high risk investments and most of these can scam.you so for a conservative investor like me, holding top serious projects and coins for longterm is the right strategy.

[Bezobraznike]

   I am aware of what some people think about Tron, but I am also aware of what benefits people who use Tron have! With my investment
in Tron and some Tron DApp's I made nice profit, and I can deny that! They are doing their job and they are delivering what they claim.
   Tron time is yet to come, I think Tron and some Tron DApp's have a great potential, I will stick to them and probably I will invest more in
Tron in next period!

[shakesbear]

The number of users is growing, Justin Sun wrote in twitter yesterday that TRON users exceeded 10M, respectively, and the price is growing, but it seems to me that only because Ethereum has problems - high fee, and people go in Tron blockchain.

[Upgate]

Like all the Tron dapps are fake users. Justin Sun just copies everything from Ethereum network.
TRON looks promising but to me it's just a scam project. I don't believe or trust it at all

[CucakRowo]

-snip-

Do you mean "can't deny that" right?
At first time, i am so pessimistic about tron. Coins that never reach its ATH again (last ATH was at 2017). But since last months, one of my friend change my mind. With all tron ecosystem they owned, community, cheap transfer fees and fast.. Yeap, those kind of things are chance my mind. Idk when Tron will reach $1, perhaps it can takes next 4-5 years, well i'm not thinking that much rn. What i like from tron rn is they followed the trend. They changed on to better protocol, with use-case. What they need more now is legit project with innovations that builded on tron network.

[btc_angela]

Trx will do well only if you hold it for longterm just like we hold eth or btc for that matter.
If someone is looking for fast profits then they should loom for new projects now popping up daily like defi projects to make a quick buck but they should keep in mind that these will be high risk investments and most of these can scam.you so for a conservative investor like me, holding top serious projects and coins for longterm is the right strategy.

It's not comparable to bitcoin, specially if you are going to hold it long term, lol. Of course it has something to offer in crypto space, but it doesn't mean that it will be stable in the long run because mostly it was being used for pump and dump, no exceptions, every altcoin is. As for the prediction, I'm not really sure if it is on the oversold region or what, but it seems that the support of the community is slowing down as investors are going back to Ethereum again because of the DeFi hype and Eth2.0 release in November (hopefully).

[Iyeman]

Like all the Tron dapps are fake users. Justin Sun just copies everything from Ethereum network.
TRON looks promising but to me it's just a scam project. I don't believe or trust it at all

the owner of the TRON has done nothing for sure. TRON is just a hype project that used its resources to build more and more scam projects. We have seen that how BTT has been decreasing a lot and then it's created a new coin that called hive after a month after that happened the price of hive has plunged to the bottom too and this time justin is creating a new scam token called sun.
i would like to call this as a new trick to generate money for the big players.
They fool the small players to give them all the money.

[Hallmader]

This is but another controversy on Justin Sun's list. How could a proper vetting process end up giving the green light to an exit scam con?

This goes to show that JustSwap is nothing but a mere copycat which is not really serious in its DeFi business. It is like it is there for the sake of the money. It could itself end up like the scam DeFi project it allowed to get into whitelist despite being a high risk.

But TRON's price does not seem to be affected much about this new controversy.

[bitcoinsvrocks]

I see tron as ETH competitor, but cannot be compared 100% because when ETH 2.0 launches it will destroy TRON, so i hope TRON can work something on and evolve.

[marks1976]

I see tron as ETH competitor, but cannot be compared 100% because when ETH 2.0 launches it will destroy TRON, so i hope TRON can work something on and evolve.

I might see that as a tron competition in the past but I'm not sure if I'm still seeing it as a competition for the ethereum platform. Tron is actually out of date in term of the tokenization purpose. it has a very good scalability but it's not so straight with the development.

Tron update is not so big as ethereum 2.0 which will be changing all of structures in ethereum network.
The competition is very strict right now because tron has so many competitors too.

[rhomelmabini]

I see tron as ETH competitor, but cannot be compared 100% because when ETH 2.0 launches it will destroy TRON, so i hope TRON can work something on and evolve.

Just imagining the high fees on ETH network will just be bullish towards TRON. No one can fathom a fee that nearly same as the one you'll wanting to buy and for that reason I can't think that ETH 2.0 is a big factor towards it, it's a fact people wanted more real life situation like coping alternatives on high fees as well as the speed of the transaction.

[judaspriest]

Tron has risen more than 100% this month, and now a correction is happening to TRX,
this is only natural, if you want to buy Trx at a price now, it might be a very good time,
seeing the altcoins now drop sharply, good luck

[Rexler]

I have been a tron fan since its initial launch in 2017 on binance launchpad. Tron is one of the biggest blockchain. Despite the shortcomings from Justin Sun, It still has strong fundamentals. Compared to ethereum or Bitcoin, Tron has better transactions fees. Tron has dropped over 45% from its recent high of $0.049. Good time to get in. Don't forget to DYOR.

[Shallow]

TRX was seeing oversold conditions a few days ago when its RSI hit a low of 23, before ascending just past 50. However, the RSI was unable to remain above 50, and its drop beneath the level highlighted the fact that TRX’s recent 12% surge from $0.263 to $0.296 was merely a bounce.

TRX found a zone of strong resistance at $0.3 and looked likely to drop towards the support at $0.265.

Interestingly, a recent Reddit post has raised questions about JustSwap’s vetting process, claiming that the Tron Foundation has whitelisted a DeFi project that has since pulled a $2 million exit scam. This, despite DappRadar listing the project as “high-risk.”

Useful link: https://www.tradingview.com/symbols/TRXUSDT/?exchange=BINANCE
Reference - https://eng.ambcrypto.com/tron-synthetix-vechain-price-analysis-19-september/amp/

Not just for Tron but whatever cryptocurrency, I do not believe it is worth it analysing the price because many things or factors always plays out which of course has made many price analysis not to work out. Many price analysis was made for Bitcoin but yet wasn't achieved.
Also, on the other hand, I would say Tron CEO is just after his own pocket after all that's what most projects team are after; for him to whitelist a project known to pull off an exit scam of $2 million shows many questions needs to be answered but yet who will provide the answer. However, my opinion on this is, no matter whoever that is endorsing or backing up a project, make sure to research before investing, many projects today are questionable and many team are just here to enrich themselves.

[WalkerIVIV]

The last pump that happened in the tron caused by people were massively buying tron to participate in the SUN farming yield and you can check it here https://sun.io/#/sun
Once the farming yield event will have ended and there will be a dump for the tron coin too. that's just the matter of time until everything will be going back to the bottom price again.

Tron was also playing a shady thing with JUStswap. These are crap platforms.

[cabron]

This is but another controversy on Justin Sun's list. How could a proper vetting process end up giving the green light to an exit scam con?

This goes to show that JustSwap is nothing but a mere copycat which is not really serious in its DeFi business. It is like it is there for the sake of the money. It could itself end up like the scam DeFi project it allowed to get into whitelist despite being a high risk.

But TRON's price does not seem to be affected much about this new controversy.

Seen a number of DEFI project he supported through the Polonidex, its not really a good project to be there in the first place but seem like Justin is accumulating more of his TRX thoguh the Defi systems. This is probably to make sure he is the only that will profit when he pumps his own token but this is another theory that could come in mind since defi seem to be perfect system to scam holders.

Pumping TRX is the best that you can expect if you have a ton of it. It has come to its lowest price prossible though so it must be a good time to buy.

[Hallmader]

This is but another controversy on Justin Sun's list. How could a proper vetting process end up giving the green light to an exit scam con?

This goes to show that JustSwap is nothing but a mere copycat which is not really serious in its DeFi business. It is like it is there for the sake of the money. It could itself end up like the scam DeFi project it allowed to get into whitelist despite being a high risk.

But TRON's price does not seem to be affected much about this new controversy.

Seen a number of DEFI project he supported through the Polonidex, its not really a good project to be there in the first place but seem like Justin is accumulating more of his TRX thoguh the Defi systems. This is probably to make sure he is the only that will profit when he pumps his own token but this is another theory that could come in mind since defi seem to be perfect system to scam holders.

Pumping TRX is the best that you can expect if you have a ton of it. It has come to its lowest price prossible though so it must be a good time to buy.

He is just riding the new trend waves. Right now it's DeFi so Justin is also trying to make money out of it. I don't know if he is also making contributions. It looks like he is just there in the sideline to observe what's happening in the crypto world and then imitate what looks exciting and has a lot of potentials.

If you have TRX you just need to be very cautious and make sure to dump when you've made your profit already. Just avoid committing to Justin's token long term. It might be gone in a blink of an eye.