TRON (TRX) is retesting a key demand zone while holding near a major long-term moving average, with bulls aiming for a potential continuation for the TRON price if support holds. A breakdown could shift momentum bearish. Meanwhile, a company expanded its treasury, signaling growing long-term confidence.
At the time of writing, TRX is trading at $0.3170 with a 24-hour trading volume of $536.68 million and a market capitalization of $30.08 billion. Despite the signs of stability over the last 24 hours, the TRON price structure and institutional accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: TRON Price Prediction: Can TRX Rally to $0.38 After Holding Major Support?
TRON Price Holds Support as Bulls Eye $0.38 Target
According to the crypto analyst, Crypto Spaces, the TRON price is currently retesting a key demand zone while holding near the 200-day moving average, a crucial indicator for long-term trend direction.
This area represents a major decision point for the market, where buyers are attempting to defend support and stabilize price action after recent volatility and consolidation pressure.
Source: Crypto Spaces’ X Post
With continued buying pressure, the TRON price might resume from where it was last trading, resuming its upward price trend with resistance at $0.37-$0.38, which will mean that the overall trend is going to continue on an upward basis.
However, a decline below this range and 200 MA will mean that the trend moves towards sellers.
Tron Inc. Expands Treasury With 155K TRX Purchase
The data from Tron Inc. further highlighted that the company has increased its holdings in digital assets by adding 155,836 TRX at an average price of $0.3209.
Such consistent accumulation will ensure the confidence of the Tron system in the long run while increasing the company’s holdings in the blockchain network.
Source: TRONSCAN
As a result of the latest purchase made by Tron Inc., the total number of TRX tokens held by the company is more than 703.1 million, which demonstrates the major stage that was achieved within the development of the treasury.
The company aims to further increase its cryptocurrency reserves in order to increase the value of its shareholders.
Despite the bullish chart structure and continuous institutional adoption, the TRON price remained stable over the last 24 hours. However, the general trend in the crypto market is slightly positive, but the TRON price is still in a neutral phase.
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: Will TRX Climb to $0.38 or Drop to $0.26 Next?
