TRON’s TRX price maintains an upward trend on its weekly chart, recovering toward the mid-channel resistance as buyers regain control. A breakout could trigger further gains, while rejection keeps trading range-bound. Meanwhile, Tron Inc. expanded its substantial corporate treasury, signaling continued confidence in the asset’s long-term potential.
At the time of writing, TRX is trading at $0.3384 with a 24-hour trading volume of $0.3384 million and a market capitalization of $32.13 billion. Following the 0.76% loss in the last 24 hours, the TRX price structure and whale accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: TRON Price Eyes $0.345 as Buying Interest Grows and Network Hits 400M Accounts
TRX Price Holds Ascending Channel as Breakout Nears
According to the crypto analyst The Boss, the TRX price continues to trade inside a clearly defined ascending channel on the weekly chart, maintaining a constructive technical structure despite its recent pullback.
Selling pressure eased around the lower half of the formation, allowing buyers to regain control and drive the token back toward the channel’s midpoint. This recovery keeps the broader trend intact for now.
Source: The Boss’s X Post
Now, all eyes are on the top part of the channel that could reveal the next action from the TRX price. A breakout through the top level might push the coin even higher toward $0.45, but another rejection might send it right back into consolidation.
As long as the bottom part of the channel remains intact, traders will be watching it very carefully.
Tron Inc. Expands TRX Holdings Beyond 711.9 Million
The data from Tron Inc. further highlighted that the TRX holdings of Tron Inc. have been boosted by buying another 146,502 TRX tokens at an average cost of $0.3413.
The purchase has made the TRX holdings of the firm exceed 711.9 million, and it is evident that Tron Inc. continues to show its dedication to boosting exposure to the TRON network via digital asset treasury management.
The firm continues its acquisition of more TRX tokens in pursuit of bolstering its digital asset presence, which may help improve shareholders’ returns in the long run.
The current acquisition shows that TRX is still considered a valuable treasury token. Those interested may keep an eye on the official on-chain treasury wallet address for more details.
Despite the bullish price predictions and strong network growth, the TRX price is moving in a downward direction. This move is impacted by the cautious environment in the crypto market as Bitcoin is moving sideways after the recent surge.
What Comes Next?
The TRX price may have to pass a critical test in terms of whether it can break through the upper trend line of the ascending channel.
In the event that the price successfully breaks through the resistance level, it may reinforce bullish sentiment and allow the way forward towards $0.45. Otherwise, another round of consolidation may take place.
Also Read: TRON Price Eyes $0.3442 as Double-Bottom Pattern Boosts Recovery Hopes
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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