TRON

The native token of Justin Sun’s TRON, known as <a href="https://finbold.com/cryptocurrency/tron/" rel="noopener noreferrer nofollow">TRX</a>, will shortly be delisted from the US branch of the crypto exchange <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a>.Binance <a href="https://support.binance.us/hc/en-us/articles/13772424892567" rel="noopener noreferrer nofollow">announced</a> that its decision was the result of a periodic assessment and that its evaluation was influenced by a variety of criteria, including shifts in the risk profile of a token, changes in trading volume and liquidity, the regulatory status of a token in the United States, as well as evidence of fraudulent conduct.Although the exchange didn’t specify which exact reasons led to the delisting of the token, which will close on April 17 at 10 pm ET, however, withdrawals will remain open. With the US arm of the world’s largest exchange delisting, TRX investors are skeptical as to where TRON’s price will head over the next weeks.With this in mind, <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> has consulted the machine learning algorithms over at the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> tracking platform PricePredictions to gauge TRX’s potential price at the end of the month.The algorithms which rely on technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) indicators, such as moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>), moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), Bollinger Bands (<a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">BB</a>), relative strength index (<a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">RSI</a>), average true range (<a href="https://finbold.com/guide/atr-indicator-definition/" rel="noopener noreferrer nofollow">ATR</a>), and others predict that TRON will be trading hands at the price of $0.62779 on April 30, 2023, according to the latest <a href="https://pricepredictions.com/forecast/tron" rel="noopener noreferrer nofollow">data</a> retrieved on April 30.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9424762693a24022a0224325fb935cb5.jpg" />TRX 30-day price forecast. Source: PricePredictions<h2 id="header-0">TRON price analysis</h2>As things stand, TRON is currently trading at the price of $0.06417, recording a decrease of 3.79% on the day, with a total market cap of $5.8 billion, as recent data indicates.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/62c83f43a81e459ba6cf3dfa49ab1d1b.jpg" />TRX 1-day price chart. Source: FinboldThe TRON sentiment on the one-day gauges at the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and crypto monitoring website TradingView is bearish. Namely, its summary suggests a ‘sell’ at 12, which is the result of <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> pointing at a ‘neutral’ at 8 and moving averages in the ‘sell’ zone at 10.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/57e34bd79abe4b589ae11cd20e1abd66.jpg" />TRX 1-day sentiment gauges. Source: TradingView<h2 id="header-1">How delisting could impact TRX</h2>Following the announcement, TRX dropped more than 5% to trade at $0.06, although it had recovered around half of that loss by 7:15 am Eastern Time on Wednesday, April 11.The founder of Tron, Sun, gave the impression that he was unfazed by the decision, he <a href="https://www.reuters.com/technology/binanceus-delist-digital-asset-tokens-tron-spell-2023-04-12/" rel="noopener noreferrer nofollow">told</a> Reuters that the influence from Binance was minimal. The delisting of the United States would be considered “relatively small.”He also added that the trading volume of TRX on Binance.US is less than one million dollars per day, whereas the entire trading volume of the token is $400 million.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Machine learning algorithm sets TRON (TRX) price for April 30, 2023

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