TRX Holds Key Support at $0.31 as Bulls Eye $0.40 Rally

TRON

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  • TRX consolidates around $0.31, signaling a key support zone.
  • Futures and Binance data show growing bullish sentiment.
  • Positive on-chain activity supports potential rebound toward $0.40.

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Since 2020, Tron’s blockchain ecosystem has surged, with active addresses rising from a few hundred thousand to nearly four million. TRX price, once at $0.004, peaked near $0.38, reflecting strong fundamentals and growing adoption. Despite recent consolidation around $0.31, on-chain activity remains robust, signaling continued network strength. Rising user engagement in DeFi and stablecoin transfers suggests that Tron’s bullish momentum is intact heading toward 2026.

Price stabilizes near critical support

TRX recently dipped below its ascending trendline but found footing between $0.31 and $0.32, a historically significant accumulation zone. Technical indicators such as the Stochastic RSI, near oversold levels at 26, hint at a potential short-term bounce. Traders eyeing $0.33 could see the 21-day moving average act as a springboard toward $0.37. Conversely, a fall below $0.30 may trigger a corrective phase before recovery.

Source: TradingView

Derivatives show growing buy-side confidence

Futures data highlight that Taker Buy volume dominates the 90-day Futures Taker CVD, signaling accumulation and positive market sentiment. Historically, similar buy-side dominance has preceded rallies, suggesting institutional and speculative investors are positioning for a rebound. Binance data further supports this, with 60.47% of positions in long accounts, reflecting a clear bullish bias. While sentiment remains fragile amid volatility, alignment between spot accumulation and futures optimism underscores a potential TRX recovery.

Outlook: Can TRX reclaim $0.40?

Tron’s expanding user base and steady on-chain metrics provide a strong foundation for further price appreciation. Holding the $0.31 support level and sustained buy-side momentum could drive TRX toward the $0.37–$0.40 range. Should the support falter, a temporary correction is possible. Still, improving fundamentals and growing adoption position Tron favorably as the market heads into 2026.

Source: CoinGlass

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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.

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