TRON (TRX) is testing a key support level that analysts believe could sustain its bullish trend for the TRON price if buyers remain active. Meanwhile, Tron Inc. continues expanding its TRX treasury, underscoring long-term confidence in the blockchain ecosystem and its digital asset growth strategy.
At the time of writing, TRX is trading at $0.3191 with a 24-hour trading volume of $741.07 million and a market capitalization of $30.26 billion. Despite the 1.2% loss over the last 24 hours, the TRX price structure and institutional accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: TRON Price Forecast: Can TRX Sustain Momentum for $0.40 Breakout?
TRON Price Eyes $0.45 as Strong Technical Support Holds
According to the crypto analyst Crypot Coral, the TRON price is retesting a key technical support zone where its long-term ascending trendline aligns with a major moving average following a strong rally.
Analysts consider this confluence a critical level that could determine the asset’s next move, with the broader market structure remaining bullish despite the recent pullback and short-term price consolidation.
Source: Crypto Coral’s X Post
If the buyers succeed in maintaining this support, then the TRON price is bound to regain its upward momentum and maintain its position as one of the market’s top cryptocurrencies.
It is projected by analysts that the recovery may create room for the TRON price to soar towards $0.40, and with the prevailing bullish trend, prices can go up to $0.45.
Tron Inc. Boosts TRX Holdings Above 702 Million
The data from Tron Inc. further highlighted that the company has expanded its crypto treasury by purchasing 149,927 TRX, which costs $0.3335 per coin on average.
As part of this last acquisition, TRX has increased to more than 702.3 million coins held in the crypto treasury, reflecting an ongoing dedication to the Tron network and a futuristic digital asset portfolio approach.
Source: TRONSCAN
The latest acquisition is an indicator that Tron Inc. is on track to increase the Tron Digital Asset Treasury by gradually building the portfolio, which will enable the firm to strengthen its balance sheet and add value for its shareholders in the long run. Through such acquisitions, the firm gains more exposure to the cryptocurrency market through Tron.
Despite the continuous institutional accumulation and bullish chart structure, the TRON price has not responded well. This is because of the cautious environment in the crypto market as BTC is moving sideways.
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 Key Support as Bulls Eye $0.7194 Target
