As per a post shared by Tron Inc. [NASDAQ: TRON] on the 7th of April, the company acquired a substantial 157,515 Tron [TRX] tokens at an average price of $0.3174. This acquisition has increased the firm’s treasury holdings to over 690.3 million in total.
The company further noted that its aim is to grow Tron DAO holdings to enhance long-term shareholder value.
However, at press time, TRX appeared to be extending its downward move. With a 0.98% decline on the 7th of April, TRX was trading at $0.3151.
Tron: What are some levels to watch?
One factor that appeared to be a red flag for TRX was its current level, which was acting as a key resistance level.
On the daily chart, TRX was experiencing strong selling pressure from the $0.3235 level, which has a history of reversals and has acted as resistance multiple times since October 2025. TRX has also broken a key support level that it had been maintaining along an ascending trendline.
This breakdown of support, combined with the rejection at key resistance, suggests that TRX may be poised for a significant decline. Based on the current price action, if the price remains below the $0.32 level, there is a strong possibility it could drop by 13%, reaching the $0.2705 level in the coming days.
However, an upside move will only remain intact if the price clears the key resistance level of $0.3235.
At press time, the Average Directional Index (ADX), which measures trend strength, has risen to 40.23, indicating that TRX is currently experiencing a strong directional trend.
Mixed signals from market data
Besides the bearish outlook, Tron’s 90-day Spot Taker CVD revealed that the altcoin has seen strong buyer dominance in the market over the past week. The chart showed consecutive green bars from the 31st of March to the 6th of April, indicating aggressive buying activity.
However, per TRX’s exchange liquidation map, $0.31 and $0.3224 are two key levels where intraday traders are highly active and over-leveraged.
Traders at these levels have built approximately $1.14 million worth of long leveraged positions and $1.74 million worth of short leveraged positions, suggesting that bears are presently in control while bulls appear exhausted.
Final Summary
- Tron Inc. acquired a substantial 157,515 TRX tokens at an average price of $0.3174, increasing its total holdings to 690.3 million.
- Price action suggests that TRX is poised for a 13% decline and may reach the $0.2705 level in the coming days.
