TRON (TRX) is trading near $0.3451 as a rising-wedge pattern on its daily chart signals weakening momentum and potential downside risk. Technical analysis shows the critical support zone sits between $0.30 and $0.31, while a breakout above the $0.36-$0.38 resistance could propel the price toward $0.45. In a show of institutional confidence, Tron Inc. acquired 146,214 TRX at an average price of $0.3420, lifting its treasury holdings above 710.9 million TRX. Traders are watching for a definitive breakout or breakdown to confirm the next major price move.
TRON (TRX) is showing caution as a rising-wedge pattern on its daily chart signals weakening momentum and possible downside risk. According to analyst Crypto With Gopal, the price is climbing within narrowing trendlines, suggesting bullish strength may be fading.
The critical support zone sits between $0.30 and $0.31, where defending the lower trendline could determine the next major move. A conclusive break from the wedge-level support could lead to increased selling activity and a correction toward the target price of $0.15.
A breakout above the $0.36-$0.38 resistance level would reverse the bearish setup. Strong buying pressure could then drive TRX toward $0.45.
At the time of writing, TRX is trading at $0.3451 with a 24-hour trading volume of $998.03 million. The market capitalization stands at $32.75 billion, following a 1.49% gain over the last 24 hours.
Tron Inc. disclosed on X that it acquired 146,214 TRX tokens at an average price of $0.3420, further increasing its treasury. The company stated it “aims to further grow its Tron DAT holdings to enhance long term shareholder value.”
The total treasury holdings now exceed 710.9 million TRX. This accumulation pattern is emerging as firms hold crypto reserves as part of their strategy.
