What to know:
- TRX price faces key resistance, with a breakout potentially opening the path toward $0.36.
- A drop below $0.325 could strengthen bearish pressure and expose the $0.29 support zone.
- Tron Inc. increased its TRX treasury by 149,297 tokens, taking total holdings beyond 709.9 million.
TRON (TRX) remains under bearish pressure, but a breakout above resistance could revive bullish momentum and improve the recovery outlook for the TRX price. Meanwhile, Tron Inc. continues expanding its TRX treasury, reinforcing its long-term confidence in the Tron ecosystem as investors watch for the next major move.
At the time of writing, TRX is trading at $0.3313 with a 24-hour trading volume of $331.15 million and a market capitalization of $31.43 billion. Following the signs of stability over the last 24 hours, the TRX price structure and institutional accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: TRX Price Eyes $0.334 Breakout as Ascending Triangle Signals Reversal
TRX Price Could Rally to $0.36 If Resistance Breaks
According to the crypto analyst Umair Orakzai, the TRX price maintains a bearish bias despite its changing structure. After breaking down from its range and bouncing from the Golden Pocket area, TRX now resembles a pattern previously seen on Litecoin.
The orange curved zone could represent a potential UTAD, with the price closing inside the range and retesting its underside before another decline.
Source: Umair Orakzai’s X Post
A firm breakdown below $0.325 will add fuel to the bearish outlook and can even open up the possibility of reaching the $0.29 level in the days ahead.
However, the outlook will be invalidated if the TRX price manages to break above the overhead trendline and positive sentiment prevails. In such a scenario, TRX may head toward $0.36.
Tron Inc. Raises TRX Holdings Past 709.9M Tokens
The data from Tron Inc. further highlighted that the company’s treasury has been reinforced in terms of cryptocurrencies because of the purchase of 149,297 TRX at an average cost of $0.3349.
The recent purchase pushes the total number of TRX that the company owns past 709.9 million tokens. The company has been working on building a significant exposure in the Tron ecosystem.
The firm intends to keep growing in its DAT stock, hoping to generate sustainable value for its shareholders. The TRX treasury increase provides Tron Inc. with an increased level of exposure to any kind of success that the network might have along with more volatility risks.
Now, investors should pay attention to all acquisitions, price changes in TRX, and the ecosystem in general.
What Happens Next for TRX?
Now the TRX price is facing a very crucial test because the bulls are trying to conquer the resistance level again.
A successful breakout would take the coin to the $0.36 mark, whereas the break below $0.325 would add more chances to fall to $0.29. The community would also be watching the TRX buying from Tron Inc.
Also Read: TRX Price Eyes $0.34 After Triangle Breakout as TRX Treasury Holdings Surge
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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