TRON (TRX) is holding a key long-term support zone that maintains its bullish structure, with analysts suggesting a possible continuation toward higher levels for the TRX price if it holds. Despite a recent pullback, buyers are defending major technical supports, while growing institutional accumulation signals long-term confidence in the asset.
At the time of writing, TRX is trading at $0.3483 with a 24-hour trading volume of $721.76 million and a market capitalization of $33.02 billion. Following the 1.27% gain over the last 24 hours, the TRX price structure and institutional accumulation point to a bullish reversal.
Source: CoinMarketCap
TRX Price Breakout Could Spark 10x Rally to $3
According to the crypto analyst Crypto Patel, TRX is currently trading near a long-term ascending trendline that has remained intact since 2019, with no confirmed breakdown across the weekly chart.
The TRX price is now pulling back toward the $0.20–$0.16 support zone, a level widely viewed by technical traders as critical for maintaining the broader bullish market structure and trend continuity.
Source: Crypto Patel’s X Post
If this zone holds strong, the prevailing uptrend should remain in play, moving closer to taking out a sustained break in the direction of $3 in a longer-term cycle.
However, if the TRX price decline below this level, the pattern should break down, with expectations changing from a continuation in the up direction to a correction or consolidation period.
Also Read: TRX Price Breakout Gains Momentum Amid Growing Blockchain Adoption
Bollinger Bands and EMAs Point to a Recovery Phase
According to TradingView, the TRX price displayed a consistent uptrend, rising from a support level at roughly 0.27000 to reach a high close to 0.37375.
This price action happened within several months thanks to a bullish formation among the 20-, 50-, 100-, and 200-EMA lines. In addition, this EMA pattern indicated that the bulls maintained control over the price movement.
Source: TradingView
A sharp and swift retracement saw the TRX price fall back to the level of 0.34838, breaking through the 20-period Exponential Moving Average and the middle band of the Bollinger Bands.
The TRX price is currently probing an important support level around the 50 EMA and the lower Bollinger Band level. This needs to be defended by buying immediately.
Tron Inc Expands Treasury with 144,866 TRX Acquisition
The data from Tron Inc. further highlighted that the company has expanded its crypto asset acquisition by buying 144,866 TRX tokens at an average cost of $0.3451.
This is another indication that the firm is accumulating more of these assets within the Tron network environment while maintaining its strict adherence to expanding its crypto holdings.
Source: TRONSCAN
Through this latest acquisition, Tron Inc. owns more than 698.3 million TRON (TRX) coins. The firm continues to remain committed to building up its Digital Asset Treasury (DAT) initiative with a view towards achieving long-term value for shareholders through consistent investment and exposure to blockchain finance networks.
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 $0.50 After Tron Inc.’s Accumulation?
