TRX Eyes $0.40 After $100M–$210M Tron Inc Reserve Boost
TRX is consolidating at the $0.26–$0.27 demand zone, where Glassnode data shows over 14 billion tokens clustered, providing strong support. On-chain metrics reveal a 32% jump in new wallets, a 2.7% rise in active addresses and a 10.5% drop in zero-balance accounts. Whale and long-term investor holdings have climbed 9.6% and 38.2% respectively, while 75% of holders are in profit, easing selling pressure. SRM Entertainment’s rebrand to Tron Inc., backed by private investors and advised by Justin Sun, plans to deploy $100 million initially (rising to $210 million) as TRX reserves, mirroring Bitcoin’s corporate reserve model. Technical indicators, including a bullish MACD crossover and an ascending trendline, point to limited downside risk and a clear path to $0.30, with potential extensions to $0.33 and $0.40. A break below $0.2650 could invalidate the setup. Centralization risks, liquidity constraints and dependency on the Tron ecosystem remain key challenges.
Bullish
The combined news of strong on-chain support at $0.26–$0.27, increasing whale accumulation and improving network metrics establishes a solid foundation for TRX. The strategic rebrand to Tron Inc. and the $100M–$210M corporate reserve plan further bolster institutional confidence. Technical signals such as the MACD bullish crossover and adherence to an ascending trendline suggest limited downside risk and clear upside potential toward $0.30, $0.33, and $0.40. While risks around centralization and liquidity persist, the overall setup is positive for both short-term breakout trades and medium-term bullish positioning.