AI Predicted TRON (TRX) Price At The End Of April 2023
TRON (TRX) will be delisted from the Binance US branch shortly. Binance stated that its decision was the result of a periodic assessment and that its evaluation was influenced by a variety of criteria, including changes in a token’s risk profile, changes in trading volume and liquidity, a token’s regulatory status in the United States, and evidence of fraudulent conduct.
Although the exchange did not identify the reasons for the token’s delisting, withdrawals will remain open until April 17 at 10 p.m. UTC. With the delisting of the world’s largest exchange’s US subsidiary, TRX investors are unsure where TRON’s price will go in the next weeks.
Thus, PricePredictions uses the latest data gathered on April 30 to forecast TRX’s possible price at the end of the month and predicts that TRON will be trading hands at the price of $0.62779 on April 30, 2023.
TRX 30-day price forecast | Source: PricePredictions
TRON is presently trading at $0.065, representing a 4% fall on the day, with a total market size of $5.8 billion.
TRX/USD 4-hour chart | Source: TradingView
TRON mood is unfavorable on the one-day gauges at the financial and cryptocurrency monitoring website TradingView. Its summary, in particular, advises selling at 12 due to oscillators indicating a neutral at 8 and moving averages in the sell zone at 10.
TRX 1-day sentiment gauges | Source: TradingView
TRX fell more than 5% after the announcement, trading at $0.06. Justin Sun, the founder of Tron, seems unconcerned by the move, telling Reuters that Binance’s influence was minor. The United States delisting would be regarded as “quite minor.” He also stated that the TRX trading volume on Binance.US is less than one million dollars daily, although the token’s total trading volume is $400 million.
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