Tron Inc. (NASDAQ: TRON) expanded its digital asset strategy with the purchase of 174,172 TRX tokens at an average price of $0.29 on Sunday, February 22.
This acquisition lifts the company’s treasury to more than 683 million TRX, reflecting a consistent accumulation approach. Management continues positioning TRX as a long-term reserve aligned with the growth of the Tron ecosystem.
The company stated that strengthening its Tron Digital Asset Treasury (DAT) remains central to enhancing long-term shareholder value. By emphasizing transparency, the network encourages investors to monitor its designated on-chain treasury wallet for real-time verification.
The move highlights a broader corporate trend, where digital assets increasingly influence balance-sheet strategies, risk management, and investor confidence.
Also Read: TRON (TRX) Eyes Breakout: Can Bulls Overcome $0.292 Resistance?
Tron (TRX) Breaks Key Resistance as Bulls Target $0.30
Following this institutional investment, Tron’s native token, TRX, was attracting trader attention on Sunday, February 22, after attempting a breakout on the four-hour chart, with price pushing above the closely watched $0.285–$0.288 resistance zone.
According to the crypto analyst Crypto Pulse, the move follows several sessions of consolidation, while the token continues to respect an ascending trendline, indicating persistent buying pressure. Market participants now monitor whether momentum can sustain this developing bullish structure.
Source: Crypto Pulse X Post
A typical technical response to such levels is a retest, wherein resistance is retested as a potential support.
If buyers are able to defend the $0.285 to $0.288 range, Crypto Pulse predicts that the renewed resistance levels could be established around $0.30 to $0.305. If buyers fail to hold, a fresh bout of consolidation could be in store.
TRX Weekly Outlook Shows Neutral Momentum
According to TradingView, as of Sunday, February 22, TRX, on the weekly chart, is seen to be in a state where the market is transitioning from an impulsive phase to a consolidative phase.
From its highs in the mid-0.30s, the price has made lower highs and lower lows, then declined before consolidating.
The candles are currently oscillating sideways between the 20-week and 50-week EMAs, indicating indecision. The shorter time frames are flat, while the 100-week and 200-week EMAs are still rising.
Source: TradingView
Momentum remains neutral. The RSI fluctuates around the middle zone. Resistance is located at the previous swing highs at the low 0.30s.
Support is at the price band of the EMA and the mid-0.20s base. A strong breakout indicates a resumption of the trend’s strength. A breakdown indicates a retracement to the long moving averages.
Also Read: TRON Accumulates 175K+ TRX Tokens As Bullish Momentum Builds