TRON (TRX) is testing a key support level, while a falling wedge points to a possible bullish reversal. Meanwhile, Tron Inc. continues to add to its TRX holdings. A sustained rebound will depend on stronger buying pressure and a confirmed break above resistance.
As of now, according to CoinMarketCap data, TRON is trading at $0.3332, with an increase of 1.65% over the past 24 hours and a decline of 0.16% over the past week.
TRON Price Prediction: TRX Tests $0.328 Support as Falling Wedge Narrows
Crypto analyst Crypto With Gopal’s chart analysis shows that TRON is testing a key support zone while its price trades within a falling wedge on the 1-hour chart. Buyers need to defend $0.328 to support a potential recovery, while a break above nearby resistance could open the door to further gains.
TRX is nearing the narrowing end of the falling wedge, a pattern formed by two downward-sloping trendlines. The pattern can signal a potential bullish reversal if the price breaks above the upper trendline, but it does not guarantee a recovery.
The $0.328 support zone remains a key level to watch. Buying pressure could help stabilize the price and trigger a rebound. If buyers regain control, TRX could test the $0.335–$0.340 resistance range. A confirmed breakout above this area could open the way toward the next target at $0.345.
The bullish setup remains unconfirmed while TRX trades within the falling wedge. If the price fails to hold $0.328, the recovery could be delayed, weakening the potential for a bullish reversal. Traders are watching for a confirmed breakout and stronger buying pressure before treating the pattern as a reversal signal.
Tron Inc. Buys 150,002 TRX, Expanding Treasury Holdings Past 718.6 Million
Tron Inc. has expanded its TRX treasury with the purchase of 150,002 tokens at an average price of $0.3333. The acquisition brings the company’s total holdings to more than 718.6 million TRX, marking another step in its effort to increase its exposure to the Tron ecosystem.
The company plans to continue expanding its Tron digital asset treasury (DAT) to create long-term value for shareholders. A digital asset treasury strategy involves holding cryptocurrencies on a company’s balance sheet as part of its broader corporate strategy.
Tron Inc. has also made its designated on-chain TRX treasury wallet available through TronScan, allowing investors to monitor its holdings and track transactions. The publicly accessible wallet offers greater transparency into the company’s treasury activity and ongoing TRX purchases.
The latest acquisition adds to Tron Inc.’s growing TRX reserves. The long-term effect on shareholder value will depend on several factors, including TRX’s market performance and the company’s future treasury decisions.
