TRON (TRX) is retesting a major support zone after a volatile drop, with oversold conditions hinting at weakening bearish pressure. A hold could trigger a short-term recovery for the TRON price, while a breakdown risks further downside. Meanwhile, Tron Inc. continues accumulating TRX, reinforcing long-term confidence.
At the time of writing, TRX is trading at $0.3174 with a 24-hour trading volume of $356.53 million and a market capitalization of $30.09 billion. Despite the 2.14% loss over the last 24 hours, the TRON price structure and institutional accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: TRON Transactions Surge: Record 14.3M Daily Activity Breaks
TRX Tests Key Support as Bulls Eye $0.38 Recovery
According to the crypto analyst CryptoMark, the TRON price is currently retesting a major long-term historical support zone after a sustained and highly volatile decline.
The TRON price action is showing clear hesitation as sellers continue pressing into a level that has repeatedly attracted strong buying interest, creating a critical decision point for broader short-term market direction and sentiment.
Source: CryptoMark’s X Post
At the same time, the RSI is strongly anchored into oversold territory, suggesting exhaustion among sellers and bearish momentum waning for the TRON price.
If support holds firm, the TRON price can stage a recovery towards the $0.37-$0.38 area, which represents previous resistance levels. However, failing to do so will put the bullish scenario at risk.
Tron Inc Expands TRX Holdings With 159K Token Acquisition
The data from Tron Inc. further highlighted that the company acquired 159,118 TRX tokens, which were bought at an average cost of $0.3142 per token.
The significant acquisition raises the total holdings of TRX in the firm’s treasury to more than 700.3 million TRX. This clearly shows that there is a deliberate strategy by the company to strengthen their reserves through blockchain technology.
Source: TRONSCAN
Tron Inc.’s steady build strategy is meant to increase shareholder wealth by building up ownership in TRX through TRX as a core treasury asset.
Through the gradual buildup in ownership of TRX, Tron Inc. is showing that they see value in TRX within the future of the entire Tron network, indicating that the market for crypto will continue to grow.
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 Eyes a Breakout Toward $0.37 as Network Hits 387M Accounts
