What to know:
- TRON (TRX) confirmed a bullish reversal, with analysts targeting a potential rally toward $0.38.
- RSI and EMA indicators suggest TRON’s uptrend remains strong despite nearing overbought levels.
- Tron Inc. purchased over 141,000 TRX, increasing total holdings beyond 696 million tokens.
TRON (TRX) confirmed a bullish reversal after reclaiming key resistance and maintaining strength above major moving averages. Analysts expect further upside momentum for TRX price, supported by strong technical indicators and growing institutional confidence as Tron Inc. continues expanding its TRX holdings. According to CoinMarketCap, TRX is trading at $0.3514 with signs of stability over the last 24 hours.
Source: CoinMarketCap
TRX Price Eyes $0.38 After Weekly Bullish Reversal
Furthermore, the crypto analyst Alpha Crypto Signal highlighted that the TRX price has confirmed a strong bullish reversal after completing a clean W pattern on the weekly chart.
The TRX price successfully reclaimed its key neckline resistance, turning it into support while continuing to trade above major moving averages. Analysts believe the breakout signals renewed market strength and growing momentum for further upside continuation.
Source: Alpha CryptoSignal’s X Post
With buyers maintaining control, the TRX price is showing signs of sustained bullish expansion on higher timeframes. Market momentum continues building as the asset holds firmly above its breakout zone, keeping the overall structure intact.
If current conditions remain favorable, traders are increasingly targeting the $0.38 level as the next major upside objective.
Also Read: TRX Price Analysis Shows Breakout Above $0.336 Resistance
TRX Technical Outlook Points to Bullish Reversal
According to TradingView, the TRX price shows clear indications of a bullish trend, with the asset trading at $0.35165. It is trading well above the 20-, 50-, 100-, and 200-period EMAs, indicating sustained upward momentum.
The EMAs are spread out in an ideal formation, which indicates that the current bullish trend is supported by consistent buying pressure.
Source: TradingView
The RSI stands at 67.51 and is moving into overbought territory while maintaining positive momentum. The TRX price has moved close to testing its resistance, and since there is no negative divergence, the trend seems to remain up.
However, it is important to monitor whether the TRX price makes a mean reversion move to its $0.31662 EMA 20 level.
TRON Holdings Surge as Tron Inc. Buys More TRX
Apart from the price movements, Tron Inc. further expanded its crypto portfolio by purchasing an additional 141,323 TRON tokens for $0.3538 each. With this recent acquisition, the company now has a total of 696.1 million TRX in its portfolio.
This is an indication that Tron has consistently shown its commitment to digital currencies and is one of the biggest institutional holders of TRX globally.
Source: TRONSCAN
It is evident that the company has a plan of expanding on the Tron Digital Asset Treasury model, where their objective is to enhance shareholder value through the impending blockchain revolution.
The aggressive accumulation strategy employed by the company has been viewed as a result of increased institutional optimism towards the TRON platform and at the same time reflects the company’s move towards diversification of crypto treasuries.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: TRON (TRX) Builds Strength Above $0.32 as Bulls Stay Active
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