Technology giant TRON (TRX) has been delisted from the US branch of Binance, the world's largest crypto exchange, effective April 17. This decision was made as a result of a periodic assessment of the risk profile of the token, including changes in trading volume, liquidity, regulatory parameters and more. It is natural that investors are uncertain about the token's future pricing, but luckily, machine learning algorithms through the crypto tracking platform PricePredictions.com can provide some clarity.

At the time of writing, the TRON token is trading at a price of $0.06417 with a market cap of $5.8 billion, according to recent data. Drawing data from technical analysis indicators, such as moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB), relative strength index (RSI), average true range (ATR) and the like, the algorithm predicts that TRX's price on April 30, 2023, will be $0.62779.

The general sentiment around TRON is not very positive at the moment, according to TradingView's 1-day sentiment measurement. Oscillators and moving averages both suggest that we should be expecting more downward motion. On Tuesday, April 11, the token did record a 5% drop following the delisting announcement, although it had recovered around half of that value by the following day.

Although his token wasn't well-received by Binance US, Justin Sun, founder of TRON, appeared to be rather unperturbed. In an interview with Reuters, Sun explained that the trading volume of TRX on Binance US is minimal compared to its overall volume, measuring in at less than $1m compared to the $400m worldwide. This statement and the proof provided by the machine learning predictions hint at a moderately bullish sentiment, so investors in the TRX token may find some potential in the approaching months. As always, individuals are recommended to do their own research before investing and be aware that investments are inherently speculative and your capital is at risk.



Other News from Today