Tron Inc. continues strengthening its digital asset position after adding 175,449 TRX tokens today at an average cost of $0.28.
The purchase increases the company’s total TRX treasury holdings to more than 682.8 million tokens, reflecting a long-term strategy focused on value accumulation.
The company is also aiming to increase its holdings of Tron DAT in order to enhance financial flexibility and ensure the growth of the ecosystem in the future.
Analysts believe that the accumulation of the treasury is an indication that the management is still optimistic about the future of the asset. The trading volume of TRX remains stable.
Also Read: TRON (TRX) Price Outlook: $0.2910 Breakout Could Open Path to $0.3200
Tron Weekly Chart Structure Keeps Bullish Tone
Analysis by TradingView on February 21 indicates that TRX is in a strong overall uptrend. Since mid-2023, the price has been steadily increasing, forming a pattern of higher highs and higher lows, which is a positive indicator in a bull market.
The massive surge in early 2025 indicates strong buying pressure, which accelerated momentum upwards before a slight correction. Instead of falling, TRX entered a phase of sideways movement.
Source: TradingView
On the weekly chart, TRX is approximately in the $0.28-$0.29 region and remains above the major moving averages. The 20, 50, 100, and 200 EMAs are aligned to provide support for the overall positive trend.
The 100 EMA at $0.24 is a temporary support level in the mid-term chart, while the 200 EMA at $0.18 is a stronger safe zone. It is a positive signal for traders to remain above the 100 EMA.
Momentum Signals Show Energy Building
Momentum indicators are currently neutral. The weekly RSI is in the mid to upper 40s, indicating that the market has cooled off from the initial overbought condition in early 2025, when the RSI was above 70.
It is a good thing that the market has pulled back a bit, as this will discourage excessive short-term speculation without triggering bearish divergence.
Source: TradingView
If RSI moves back above the 55-60 level, it could attract more buyers. The weekly MACD histogram is also looking better. Net negative momentum is decreasing as bearish momentum deters, even though the MACD line is still below the signal line.
Also Read: TRON (TRX) Eyes Breakout: Can Bulls Overcome $0.292 Resistance?