TL;DR
- Tron posted stronger relative performance than Bitcoin amid high volatility, with a daily decline of 2.3% versus BTC’s 7.3%.
- TRX traded at $0.2776 and stayed within a tight daily range up to $0.2868, without sharp breaks, in line with broader market weakness.
- Tron Inc.’s accumulation policy lifted its treasury to around 680 million TRX.
Tron delivered stronger relative performance than Bitcoin amid high volatility in the crypto market. Over the past few weeks, TRX showed more contained price swings, while BTC recorded deeper corrections. Over the last 24 hours, TRX fell by about 2.3%, compared with a 7.3% drop in Bitcoin.
The current price of TRX stands at $0.2776 and moved within a daily range between that level and $0.2868. The token remained contained within that band, without abrupt breaks or volatility expansions. Its price action aligned with the broader phase of market weakness.
The token’s structural support is tied to the accumulation policy of Tron Inc., the company associated with the TRX ecosystem. The Nasdaq-listed firm, which applies a crypto treasury strategy, has steadily increased its TRX holdings over recent months. Following a series of recent purchases totaling around 175,000 tokens, worth roughly $49,000, the corporate treasury reached approximately 680 million coins.
Justin Sun Backs Tron Inc.’s Buying Policy
Justin Sun, Tron’s founder, publicly backed the buying policy and promoted continued accumulation during the phase of price pullbacks. The presence of an active corporate treasury acts as a key buffer during sessions of intense selling pressure.
From a technical standpoint, TRX trades with clearly defined levels. Immediate resistance sits at $0.2846. A break above that level would allow a move toward the $0.2944 area. There is also an additional resistance level at $0.3012. On the downside, the key support is set at $0.2758. A break below that level would open the path toward a pullback in the direction of $0.2635.
TRX remains below its 50-day and 200-day exponential moving averages. The MACD stays in negative territory, and the RSI hovers around 35. In the derivatives market, funding rates remain negative, and futures open interest shows a slight contraction
