TRON (TRX) is holding a key long-term support level as buyers maintain bullish momentum. Continued buying could drive further gains for the TRON price, while a breakdown may trigger a deeper correction. Meanwhile, Tron Inc. expanded its TRX treasury, reinforcing its long-term commitment to the network and digital asset growth.
At the time of writing, TRX is trading at $0.3229 with a 24-hour trading volume of $523.19 million and a market capitalization of $30.62 billion. Following the 1.12% gain over the last 24 hours, the TRON price structure and institutional accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
TRON Price Eyes $0.38 While Holding Critical Support
According to the crypto analyst Aman, the TRON price is testing its 200-day Exponential Moving Average (EMA) after a sharp market pullback, placing the cryptocurrency at a critical technical level.
Buyers are actively defending this long-term support, suggesting bullish momentum remains intact. Holding above the 200 EMA could strengthen confidence and pave the way for another upward move for the TRON price.
Source: Amanβs X Post
In case the buying momentum continues, the TRON price could target the $0.38 level of resistance amid expectations for further progress of the prevailing uptrend.
But in case the TRON price drops below the 200 EMA, the whole bullish configuration will become weaker, and chances of further pullback to $0.26 will increase.
Tron Inc. Buys More TRX, Holdings Top 702.6 Million
The data from Tron Inc. further highlighted that the firm has further strengthened its crypto stash through the acquisition of an additional 154,555 TRX coins at an average cost of $0.3235 for each token.
The latest addition increases its overall TRX stash to more than 702.6 million, which highlights its determined intention of building one of the biggest corporate TRX hoards.
Source: TRONSCAN
It is clear that the company has laid out an initiative to grow its Tron Digital Asset Treasury (DAT) as a core component of its capital plan geared towards adding value to its shareholders.
Through gradual increases in its investment in Tron, Tron Inc. is seeking to take advantage of the growth that will be experienced by the network in the future.
Following the support retest at the 200 EMA and the institutional accumulation, the TRON price is seeing the short, gradual recovery. However, the general trend in the crypto market is sideways, which is largely tied to BTCβs sideways movement.
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 Prediction: Can TRX Rally to $0.38 After Holding Major Support?
