TRON (TRX) is testing a key long-term support level near $0.3280, which analysts say could determine the token’s next direction. Holding above this zone may preserve bullish momentum, while a breakdown could increase selling pressure. Meanwhile, Tron Inc. has expanded its TRX treasury to over 707.9 million tokens, signaling confidence in the ecosystem.
TRON (TRX) is trading at $0.3273 with a 24-hour volume of $421.6 million and a market capitalization of $31.06 billion. According to crypto analyst BINANCE KILLERS, TRX is testing a crucial long-term ascending trendline that has supported its price movement since February, with key support near $0.3280.
Analysts view this zone as a decisive technical level, as holding above it would preserve the broader bullish market structure. If TRX sustains above $0.3280 and breaks resistance at $0.3320, the upside target is between $0.3500 and $0.3700.
Conversely, failing to stay above the ascending trendline around $0.3200 could end the current uptrend and push prices lower. Tron Inc. further highlighted that it acquired 151,621 TRX tokens at an average price of $0.3298 per token.
The recent buy increases the total reserve holdings to over 707.9 million TRX tokens, demonstrating the company’s consistent belief in the Tron network. The firm stated that it aims to continue growing its Digital Asset Treasury to enhance long-term shareholder value.
Despite bullish price predictions and institutional accumulation, TRX price is moving in neutral territory. However, general conditions in the crypto market are improving, and a breakout could occur if conditions remain favorable.
TRX is at a crossroads that may determine its future trend. Reversing above support levels and regaining important resistance may instigate new buying interest, otherwise it may attract more selling pressure.
