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- TRX is holding $0.3224 support, keeping the current recovery structure intact.
- A break above $0.3387 could expose $0.3525 and $0.3600-$0.3688.
- TRX could approach $0.40 if buyers clear the major supply and Fibonacci resistance zones.
TRON (TRX) is showing signs of renewed demand as buyers defend key support levels and capital continues to flow through the network. TRX is trading around $0.3336 after recovering from a recent low near $0.3108, while fresh treasury accumulation and cross-chain activity add to the broader demand picture.
The recovery, however, is approaching several technical barriers. For TRX to make a sustained move toward $0.40, buyers will need to overcome resistance levels that have previously triggered selling.
TRX Treasury Growth Signals Continued Accumulation
TRON’s treasury has increased to more than 710.6 million TRX after the company acquired 149,643 tokens at an average price of $0.3341. The purchase comes as the token consolidates near the $0.33 region.
Network activity is also attracting attention. More than $100 million in TRX and stablecoins moved through TRON via deBridge over the past 30 days. The activity covered 2,241 transactions, with an average trade worth about $44,600 and the largest reaching $2 million.
TRX purchases represented roughly 32% of the recorded volume, pointing to meaningful capital participation across the ecosystem.
$0.3224 Support Remains Crucial for TRX
From a technical perspective, TRX continues to hold the $0.3224 support level after rebounding from the broader $0.3100 area. The defense of this zone has helped prevent a deeper deterioration in the token’s structure.
The immediate hurdle is $0.3387. A decisive break above that level could open the way toward $0.3525, followed by the $0.3600-$0.3688 supply region.
Momentum indicators remain relatively balanced. The RSI sits at 54.81, close to its 55.00 moving average, suggesting buyers have room to build momentum before the market reaches traditionally overbought conditions.
Fibonacci Levels Map the Road Toward $0.40
TRX’s Fibonacci retracement levels highlight several resistance points between the current price and the $0.40 target.
The first is $0.3355, followed by $0.3525 and $0.3654. The latter coincides with a broader weekly supply zone, potentially making it a significant test for bulls.
If buyers clear $0.3654, attention would shift to $0.3783 and then $0.3966, placing TRX close to the psychologically important $0.40 mark.
However, ADX at 14.20 indicates that the current trend lacks strong momentum. The slightly bullish directional readings therefore do not guarantee an immediate breakout.
Liquidation data shows notable liquidity around $0.340 on the upside, while additional downside liquidity sits near $0.326-$0.327. A move through $0.3387 could therefore attract further buying and potentially accelerate the move toward $0.3525.
Also Read: TRON Breaks Records as Fed Rate Cut Hopes Fuel Bitcoin Rally
For now, the $0.3224 support remains the key line for the bullish setup. TRX reaching $0.40 is possible if buyers reclaim the $0.3600-$0.3688 supply zone and maintain momentum through the higher Fibonacci levels.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
