What to know:
- Tron Inc. acquired 160,835 TRX at $0.3109, increasing total holdings to over 688 million tokens and signaling confidence in TRON’s growth.
- Ichimoku Cloud shows TRX consolidation above the green cloud, suggesting a potential breakout toward $0.40.
- RSI at 56.62 reflects recovering buying momentum, while the MACD crossover confirms a long-term bullish trend.
Tron Inc. (NASDAQ: TRON) has acquired 160,835 TRX tokens, at an average price of $0.3109, boosting its total holdings to over 688.5 million TRX.
The move reflects the company’s strategic effort to expand its TRON Digital Asset Treasury, signaling confidence in the network’s growth and its long-term commitment to maximizing shareholder value.
Source: TRONSCAN
By steadily increasing its TRX treasury, Tron Inc. aims to enhance its position within the blockchain ecosystem and support sustained market influence.
Industry analysts view such acquisitions as a demonstration of trust in TRON’s potential, highlighting the company’s focus on innovation, strategic positioning, and long-term value creation for shareholders in the evolving cryptocurrency landscape.
Also Read: TRON (TRX) Faces Short-Term Pressure Near $0.30 as Volume Declines
TRX Technical Outlook Reveals Strong Bullish Pressure
According to TradingView, TRX has maintained a strong bullish trend with the prices currently ranging around the $0.311 level. The exponential moving average has maintained a positive alignment with the 20-week red line acting as immediate support.
Considering the historical volatility of the TRX, the prices have maintained a strong upward movement, with the 200-week moving average trending lower at the $0.189 level.
Source: TradingView
As per the Ichimoku Cloud analysis, the price is currently in the consolidation phase, but the uptrend is expected to continue. The price is currently above the green cloud, which means the buyers are in control.
The conversion line and baseline are also moving closer, which is an indication of the range. The price may break out towards the resistance level of $0.40 or the support level of $0.29.
Momentum Indicators Reinforce Bullish Outlook
The Relative Strength Index (RSI) currently stands at 56.62, which is a neutral to bullish sentiment. After declining from the extreme overbought levels reached in late 2024, the RSI has settled and started to curve upwards.
This suggests that even though buying strength is increasing, the asset is not yet overextended and has plenty of room for upside growth.
Source: TradingView
The MACD indicator reflects a clear change in the momentum to a bullish trend in the weekly timeframe. The blue line of the MACD indicator has recently moved above the orange line, which is the signal line, to form a bullish crossover.
This, along with the change in the histogram to a green color, reflects that the bearish trend has come to a halt.
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) Price Holds Above EMA Support After Tron Inc Treasury Expansion
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