TRX Price Targets Surge to $0.4: Analysts Raise Concerns on Significant Rebound
TRX’s price is remaining stable near a significant price point, with multiple indicators suggesting a potential price breakout. An on-chain metric identified by glassnode indicates robust market demand in the $0.26–$0.27 range, coinciding with a shift in broader sentiment driven by Tron’s ambitions for an IPO (Initial Public Offering) and its political connections.
The potential driving force? On June 16, SRM Entertainment unveiled plans to rebrand as Tron Inc., aiming to align its balance sheet to base level $100 million, and ultimately potentially $210 million, in TRX. Supported by private investors and under the guidance of Justin Sun, this strategy seeks to establish TRX as a corporate reserve asset, akin to Bitcoin’s function in firms like MicroStrategy.
However, the risks are considerable. Unlike BTC, TRX encounters various obstacles: issues related to centralization, lower liquidity, and reliance on Tron’s ecosystem. Although the IPO strategy might lend legitimacy to TRX, its journey toward broader acceptance remains untested and tumultuous.
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Is TRX Price Prepared for a Price breakout? Cost Basis Distribution Indicates Strong Accumulation
Per glassnode data, over 14 billion TRX tokens were obtained within the $0.26 to $0.27 range, marking the most significant accumulation area on database. The majority of current holders are at break-even, reinforcing this level as a crucial price floor base.
Cost Basis Distribution reveals #TRON has found price floor in the $0.26–$0.27 area, where more than 14B $TRX is held – designating the strongest cluster on the chart. Above that, the supply is relatively sparse and most investor positions remain beneath the current price: https://t.co/ceCczn6uNh pic.twitter.com/bTv58VWqko
— glassnode (@glassnode) June 18, 2025
Price movements above this level encounter relatively modest barrier level. If base level remains intact and TRX begins to ascend, there are few obstacles hindering progress towards the next objectives.
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(TRXUSDT)
Recent price trends affirm the $0.2700 area as crucial, with price floor noted at $0.26. Currently, the TRX price is trading at $0.2727, slightly down for the day. Nevertheless, it remains just above short-term base level, avoiding a definitive breakdown.
If the price surpasses $0.3000, the next target lies around $0.3300, with potential extension toward $0.40 in a continued optimistic scenario. A failure to maintain above $0.2650 could completely alter this outlook.
Key Takeaways
- Glassnode data reveals over 14B TRX tokens have accumulated in this range, forming a significant buyer interest zone. The current price ($0.2727) is positioned just above support, with a breakdown under $0.2650 posing a threat of a downtrend reversal.
- SRM Entertainment’s transition to Tron Inc., supported by reserves of $100M–$210M in TRX, seeks to replicate Bitcoin’s role as a corporate reserve (like MicroStrategy). Justin Sun’s involvement lends credibility, yet raises centralization concerns.
- A decisive move above $0.3000 could aim for $0.3300, with extended bullish momentum possible towards $0.40. Minimal resistance above $0.27 indicates potential for upside if sentiment remains favorable.
- TRX confronts market fluidity challenges, risks of centralization, and reliance on Tron’s ecosystem. While the IPO narrative is positive, adoption is still largely unproven compared to BTC.
The post TRX Price Targets Upward movement to $0.4: Analysts Sound Alarm on Major Bounce appeared first on 99Bitcoins.
