TLDR
- Tron Inc. bought 156,819 TRX at $0.3188, bringing total holdings to over 689 million tokens.
- TRX is trading around $0.31, with analysts setting price targets at $1, $2, and $3.
- Analyst Crypto Patel sees the $0.28–$0.22 range as a key entry zone, with a long-term trend line dating back to 2018 still intact.
- The RSI sits at 72.38, flagging overbought territory, while MACD confirms bullish momentum.
- On-chain data shows Tron leads all chains with 2.62 million active addresses in 24 hours and $1.06 million in daily chain fees.
Tron Inc. has been steadily buying TRX tokens, and the latest purchase adds to a growing institutional position that has started drawing attention from analysts watching the chart.
The company bought 156,819 TRX at an average price of $0.3188 in its most recent transaction. That follows a purchase of 158,848 TRX the day before. Total holdings now sit above 689 million TRX.
The firm says it plans to keep building its Tron Digital Asset Treasury to support long-term shareholder value. These purchases are structured to avoid large market shocks, but the steady flow of buys is quietly reducing the number of tokens in active circulation.
TRX is currently trading around $0.31, showing little movement in the past 24 hours. Trading volume held above $674 million in that same period.
What the Chart Shows
Crypto analyst Crypto Patel posted analysis showing TRX sitting above a long-term ascending trend line that has been in place since 2018. He describes the setup as a macro wedge compression, which he says can signal an upcoming breakout. Patel puts the key entry zone at $0.28 to $0.22, with upside targets of $1, $2, and then $3 if momentum holds. A monthly close below $0.20, he notes, would be a warning sign for the trend.
$TRX is Being Accumulated So Cleanly on the Monthly Chart That $2+ Looks Like Just a Matter of Time.#TRX Price is holding above the Accumulation Zone ($0.28–$0.23) after a liquidity sweep from $0.45. Long-term ascending trendline support intact since 2018. Macro wedge… pic.twitter.com/OC36NoHkfc
— Crypto Patel (@CryptoPatel) March 30, 2026
The RSI currently reads 72.38, which puts TRX in overbought territory. That can precede short-term pullbacks. The MACD is showing the signal line below the blue line, and the histogram is printing positive bars, pointing to continued buying pressure.
Traders are watching $0.30 as near-term support, a level that held through lows on March 19 and 20. Resistance is clustered at $0.33 to $0.35. A clean break above $0.346 could open the door toward $0.38 or $0.40.
On-Chain Activity
On-chain data from Lookonchain shows Tron’s total value locked has grown 11.32% over the past month. The chain currently leads all networks with 2.62 million active addresses in a 24-hour window. Daily chain fees came in at $1.06 million.
Despite the weak market, Tron's TVL has grown 11.32% over the past month, and it leads all chains with 2.62M active addresses (24h) and $1.06M in 24h chain fees.https://t.co/xSkaWrutls pic.twitter.com/c8UWcXWkWV
— Lookonchain (@lookonchain) March 31, 2026
The 7-day price gain sits at 3%, reflecting a slow and steady bid rather than a speculative spike. The 30-day volatility reading is 13%, suggesting the market is in an active accumulation phase.
Binance forecasts TRX reaching $0.32 by March 30, while the 5-day trader consensus points to $0.33.
