- Tron (TRX) outperforms Bitcoin (BTC) despite recent market volatility.
- Tron Inc. keeps accumulating TRX, boosting token support.
- Key resistance for Tron sits at $0.2846 while the immediate support is at $0.2758.
Of late, Tron (TRX) has demonstrated remarkable resilience in the volatile cryptocurrency market.
Despite overall market weakness, TRX has outperformed Bitcoin over the past few weeks.
The token has only seen a modest decline of around 2.3% in the past 24 hours, compared to Bitcoin’s sharper drop of 7.3%.
At press time, TRX traded at approximately $0.2797, maintaining a stable position within its 24-hour range of $0.2799 to $0.2868.
This strong performance is closely linked to the continued accumulation strategy by Tron Inc., the company behind the TRX ecosystem.
Tron Inc.’s strategic TRX purchases
Tron Inc., a Nasdaq-listed firm focused on crypto treasury strategies, has been actively increasing its TRX holdings in recent months.
The company’s treasury currently holds nearly 680 million TRX tokens after recent purchases amounting to around 175,000 TRX (worth approximately $49,000).
Notably, Justin Sun, the founder of Tron, has publicly endorsed the company’s buy-the-dip strategy, encouraging continued accumulation.
Tron Inc.’s approach mirrors strategies seen in other corporate crypto treasuries, such as MicroStrategy’s Bitcoin holdings.
By holding TRX as a core asset, Tron Inc. signals long-term confidence in the token and the broader Tron ecosystem.
The accumulation also serves as a stabilizing factor, providing underlying support to TRX during periods of market volatility.
TRX technical outlook and the key levels to watch
From a technical perspective, TRX faces important resistance and support levels.
The first major resistance, according to analysts, is at $0.2846, which, if broken, could push the token toward $0.2944.
The third resistance level lies at $0.3012, offering a potential upside target for bullish traders.
On the downside, TRX must maintain support at $0.2758 to avoid further decline.
Technical indicators, however, signal a possible continuation of the current bearish trend with TRX currently below its 50-day and 200-day EMAs, reflecting short-term bearish momentum.
The MACD also remains on the negative side, and the RSI is hovering near 35, indicating persistent selling pressure.
A drop below this level could see the token fall to the next support near $0.2635.
However, the strong accumulation by Tron Inc. provides a stabilizing force, which could help the token recover and surpass resistance levels.
Market sentiment
Market sentiment for TRX remains cautiously optimistic.
Even though the token has slipped for several consecutive days, the accumulation trend suggests institutional confidence.
Derivatives data show negative funding rates, implying that traders are willing to pay to hold short positions.
Futures open interest has slightly declined, signaling reduced speculative activity.
This environment may allow TRX to consolidate before attempting another upward move.
Analysts suggest that maintaining above $0.2758 is critical for short-term momentum.
Breaking above $0.2846 could reignite bullish sentiment, while failure to hold support may trigger deeper corrections.
Overall, TRX’s relative outperformance against Bitcoin, combined with Tron Inc.’s treasury strategy, points to a token with strong institutional backing.
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