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TRX breaks past $0.33 resistance, putting the $0.34 target in focus

TRX attracted attention in the short term by rising above the $0.33 resistance level, bringing the $0.34 target into focus.

A triangle breakout on the 1-hour chart signaled that buyers have gained momentum in the short term.

Tron Inc. purchased an additional 147,953 TRX, bringing its total holdings to over 709.6 million tokens.

The ability to maintain the $0.33 level as support will be a decisive factor for the market's next move.

While TRX shows signs of technical strengthening, Tron Inc. has also increased its TRX holdings. The coincidence of the price breakout with institutional buying suggests a recovery in market risk appetite and growing interest in the Tron network.

TRX traded at $0.3338. Over the last 24 hours, trading volume was recorded at $197.71 million, with a market capitalization of $31.67 billion. Although the price has remained relatively stable in the short term, the shift in the chart structure has strengthened the possibility of an upward reversal.

The upper boundary of the triangle formation on the 1-hour chart was breached, signaling a renewed bullish trend. With this move, TRX rose above the $0.330 resistance level, indicating that buyers have become more dominant in the short term.

Following the triangle breakout on the 1-hour chart, sustaining the price above $0.330 would confirm a shift in the short-term market structure and support bullish expectations. If the price holds above $0.330, the $0.340 level is being watched as a short-term target. Conversely, in the event of a potential pullback, close attention will be paid to whether the $0.330 level acts as support. Dropping below this level could weaken the current technical setup.
Tron Inc. purchased 147,953 TRX at an average cost of $0.3379. With this acquisition, the company's total TRX holdings surpassed 709.6 million tokens. This move demonstrates the company's continued commitment to strengthening its position within the Tron network.

As a Nasdaq-listed company, Tron Inc. continues to expand its TRX treasury. Management aims for this strategy to bolster shareholder value in the long term. However, accumulating more TRX also means the company becomes increasingly tied to the growth potential of the Tron ecosystem.

By pushing its TRX treasury beyond 709.6 million tokens with this latest purchase, Tron Inc. continues to grow its Tron holdings in pursuit of creating long-term shareholder value.

Market direction hinges on the support zone

Although positive technical signals have emerged, the TRX price continues to exhibit short-term downward volatility. While Bitcoin’s upward movement is drawing attention across the broader crypto market, the next move for TRX will largely depend on how strongly the $0.33 level is defended.

If buyers manage to hold this zone, there is potential for a new upward move toward $0.34. Conversely, a break below $0.33 could dampen both the technical outlook and the recently strengthened positive sentiment.
‍$TRX