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You are here: Home / Cryptocurrency News / TRON Price Outlook: Ascending Trendline Support Bullish Continuation to $0.42

TRON Price Outlook: Ascending Trendline Support Bullish Continuation to $0.42

What to know:

  • TRON (TRX) remains bullish, holding its long-term ascending trendline despite recent pullback pressure.
  • Key resistance lies between $0.40–$0.42, where TRON may attempt a breakout if momentum strengthens.
  • Tron Inc. expands treasury holdings to over 701.7 million TRX, reinforcing long-term ecosystem confidence.

By Sadia Ali | Edited By Messam Raza,June 23, 2026, 6:30 AM

TRON Price

TRON (TRX) remains in a bullish structure as it holds its long-term ascending trendline despite a pullback, while cooling momentum signals healthier market conditions for the TRON price breakout. Buyers still show interest, and steady accumulation by a major treasury reinforces long-term confidence and ongoing ecosystem strength.

At the time of writing, TRX is trading at $0.3297 with a 24-hour trading volume of $507.84 million and a market capitalization of $31.26 billion. Following the 1.21% gain over the last 24 hours, the TRON price structure and institutional accumulation point to a bullish reversal ahead.

TRON current price

Source: CoinMarketCap

Also Read: TRON Price Consolidates at $0.31–$0.325: Is a Breakout to $0.40 Coming?

TRX Price Holds Trendline as Bulls Eye $0.42 Breakout

According to the crypto analyst Aman, the TRON price continues to respect its long-term ascending trendline despite a recent pullback, indicating that the broader bullish structure remains intact. 

The TRON price action has repeatedly bounced from this dynamic support, showing consistent buyer interest. At the same time, RSI has cooled from overbought levels, suggesting momentum is resetting in a healthier, more sustainable way.

TRON price prediction

Source: Aman’s X Post

If the trendline holds, there is potential for the TRON price to attempt another move higher with the next key resistance level forming at $0.40-$0.42. 

If the bulls take control again, the TRON price region will serve as the target. Breaking below the support level would negate the whole setup, although at this time the technicals look constructive.

Tron Inc Expands Treasury with 152K TRX Acquisition

The data from Tron Inc. further highlighted that the firm has continually been expanding its digital asset portfolio through the purchase of an additional 152,316 TRX tokens on the market today, at an average cost of $0.3283 for each token. 

The most recent purchase has boosted its holdings of TRX tokens to a level greater than 701.7 million tokens, reinforcing the company’s ongoing commitment to building a strong crypto treasury position.

TRX institutional acquisition

Source: TRONSCAN

The move is an indication of a wider strategy centered on the creation of value on a longer horizon through its Tron digital asset treasury (DAT). 

Instead of making fast profits, the firm is steadily increasing its share in the Tron environment, showing confidence in the expansion of the network and the performance of the tokens.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: TRON Price Forecast: Can TRX Sustain Momentum for $0.40 Breakout?

Filed Under: Cryptocurrency News, Tron (TRX)

About Sadia Ali

Sadia Ali is a News Desk writer at Tronweekly, covering breaking and developing cryptocurrency news across global markets. Her reporting focuses on Bitcoin, Ethereum, altcoins, DeFi, crypto regulations, Layer 2 solutions, and blockchain innovations, with close attention to market activity and official updates. She previously wrote for BTCRead and follows strict verification and editorial coordination processes to deliver clear, accurate, and timely coverage for a global audience.

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Copyright © 2026 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.