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TRX breaks through the $0.33 resistance level, with the $0.34 target drawing attention
TRX surged above the $0.33 resistance level in the short term, attracting market attention and making the $0.34 target a focal point.
The triangle breakout on the 1-hour chart indicates that buyers have gained momentum in the short term.
Tron Inc. purchased an additional 147,953 TRX, increasing its total holdings to more than 709.6 million tokens.
Whether the $0.33 support level can hold will be a decisive factor in the market’s next move.
TRX is showing signs of technical strengthening, while Tron Inc. has also increased its TRX holdings. The simultaneous occurrence of a price breakout and institutional buying indicates that market risk appetite is recovering and interest in the Tron network is growing.
TRX is trading at $0.3338. Over the past 24 hours, trading volume was $197.71 million, and market capitalization was $31.67 billion. Although the price has remained relatively stable in the short term, changes in the chart structure have increased the possibility of an upward reversal.
The upper boundary of the triangle pattern on the 1-hour chart was broken, signaling the resumption of a bullish trend. Along with this move, TRX surged above the $0.330 resistance level, indicating that buyers have gained a greater advantage in the short term.
Following the triangle breakout on the 1-hour chart, continued trading 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 market will view $0.340 as the short-term target. Conversely, if a potential pullback occurs, the market will closely watch whether $0.330 acts as support. A break below this level could weaken the current technical setup.
Tron Inc. purchased 147,953 TRX at an average cost of $0.3379. Through this acquisition, the company’s total TRX holdings exceeded 709.6 million tokens. This move indicates the company’s continued commitment to consolidating its position in the Tron network.
As a Nasdaq-listed company, Tron Inc. continues to expand its TRX treasury. Management hopes this strategy will enhance shareholder value over the long term. However, accumulating more TRX also means that the company is becoming increasingly tied to the growth potential of the Tron ecosystem.
By boosting its TRX treasury to more than 709.6 million tokens through this latest purchase, Tron Inc. continues to increase its Tron holdings to create long-term shareholder value.
Market direction depends on the support zone
Despite the emergence of positive technical signals, TRX’s price continues to show short-term downward volatility. Although Bitcoin’s upward trend is attracting attention across the broader crypto market, TRX’s next move will largely depend on whether the $0.33 level can hold firmly.
If buyers successfully defend this zone, the price is expected to begin a new upward move toward $0.34. Conversely, a break below $0.33 could weaken the technical outlook and the recently strengthened positive sentiment.
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