TRON (TRX) is signaling a potential short-term recovery following a double-bottom pattern, supported by buyers defending key price levels and reclaiming a crucial neckline. This technical bounce is backed by ongoing corporate treasury acquisitions, reflecting growing long-term institutional confidence despite the potential risk of failed breakouts.
At the time of writing, TRX is trading at $0.3372 with a 24-hour trading volume of $568.97 million and a market capitalization of $32.03 billion. Following the 1.82% gain over the last 24 hours, the TRX price structure and institutional accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: TRX Price Prediction: Triangle Breakout Signals Potential Rally Toward $0.340
TRON Price Eyes $0.3442 After Double-Bottom
According to the crypto analyst KLEJDI CUNITRON, TRX is showing a potential bullish reversal on the one-hour chart after forming a double-bottom pattern following a prolonged decline.
Buyers defended the $0.3330 support area, signaling renewed demand and limiting further downside. The rebound suggests selling pressure may be fading, while traders watch closely for confirmation of stronger short-term momentum ahead.
Source: KLEJDI CUNI’s X Post
The TRX pattern is reinforced after the recovery above the neckline at $0.3390, providing support to the breakout pattern from the double bottom formation.
In case of further bullishness in the trend, the following resistance targets come at $0.3416 and $0.3442, respectively. Traders need to validate the follow-through before proceeding cautiously.
Tron Inc. Boosts TRX Treasury Above 711.6M
The data from Tron Inc. further highlighted that Tron Inc. has increased the number of TRX that they hold in their TRX treasury after buying 147,969 TRX at an average cost of $0.3379 per TRX.
This purchase will ensure that the number of TRX that they hold surpasses 711.6 million TRX, which further supports the company’s objective of having significant exposure in the TRON system.
The firm intends to make additional acquisitions of TRX tokens as a step towards realizing its overall strategy of adding value for the firm’s shareholders.
The further acquisitions could help Tron Inc. become one of the public firms with substantial crypto holdings. Shareholders will be able to track any future acquisitions from the dedicated on-chain wallet of the firm’s treasury.
Following the bullish price predictions and network expansion, the TRX price is moving in an upward direction. This move is also backed by the general trend in the crypto market as the BTC price has started to move upward again.
What Comes Next?
After that, TRON has to maintain its pace in order to overcome resistance at $0.3416 and $0.3442. Even though continuous buildup of treasury by the corporation forms the basis of a bullish trend in the long term, it is important for traders to have trading volume above $0.3390.
Also Read: TRON Price Eyes $0.45 as Rising Wedge Meets TRX Treasury Accumulation
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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