As the final month of 2022 rolls in, the cryptocurrency market, along with TRON (TRX), is trying to offset the losses it suffered throughout the year, affected by various macroeconomic factors, as well as developments in the sector, including bankruptcies of major participants.
Currently, TRX, the native currency of the TRON blockchain, is expected to increase its value by Christmas Day of 2022, as per PricePredictions’ machine learning algorithm that covers technical indicators like the moving average (MA), moving average convergence divergence (MACD), relative strength index (RSI), and Bollinger Bands (BB).
Specifically, the data indicates that the 15th-largest cryptocurrency by market capitalization could be changing hands at the price of $0.056726 on December 25, 2022, which represents a 2.51% gain compared to its current price of $0.05534.
TRX 30-day forecast. Source: PricePredictions
Bullish sentiment
It should also be noted that the prediction of the machine-learning algorithm
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