TRON (TRX) is consolidating in a neutral price trajectory as BTC’s downward movement has impacted the overall market after facing rejection near $80K. According to CoinMarketCap, as of Wednesday, April 29, the TRX price has remained stable over the last 24 hours, but it has declined slightly by 1.65% over the last week.
At the time of writing, TRX is trading at $0.3230 with a trading volume of $671.02 million, which has surged by 12.58% over the last 24 hours. However, its market capitalization stands at $30.62 billion, which is stable.
Source: CoinMarketCap
Also Read: TRON (TRX) Price Prediction: Bulls Aim for $0.345 After Consolidation Phase
TRX Fractal Signals Potential Rally Toward $0.42
Furthermore, the crypto analyst Chiefrat revealed that TRX is showing a familiar fractal pattern that has caught the attention of technical analysts across the crypto market.
A similar structure previously led TRON (TRX) to rally from $0.21 to $0.37, reinforcing the idea that repeating price formations often reflect underlying market psychology and momentum-driven trading behavior during key consolidation phases.
Source: Chiefrat’s X Post
At the moment, it seems that TRX is developing the same structure that will indicate further upside movement if there is more bullish energy.
There might be a move towards $0.42 if history repeats itself. However, traders are not too optimistic, stating that overall market sentiments and other considerations would play a crucial role.
Tron Inc. Expands Crypto Treasury with TRX Purchase
Apart from the price movement, Tron Inc. (NASDAQ: TRON) has managed to increase its presence within the Tron network through the purchase of 154,375 TRX tokens with an average cost of $0.3239 per coin.
The latest acquisition brings the company’s total number of tokens to over 693.7 million, thus demonstrating their commitment to using TRX as a digital treasury token.
Source: TRONSCAN
The company intends to grow its Tron Digital Asset Treasury so as to generate shareholder value in the long run.
Through the regular exposure of its investments to TRX, Tron Inc. can leverage the growth potential of the Tron Network and appreciation in the value of its tokens, making its balance sheet strategy well-aligned with the growing adoption trends.
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 Resume Rally After Tron Inc.’s Accumulation?
