On February 5, Tron Inc. acquired 175,507 TRX tokens at an average price of $0.28. The purchase brings the company’s total TRX holdings to more than 679.9 million tokens, worth around $540 million at current market prices.

Tron aims to continue expanding its digital asset treasury (DAT) to support long-term shareholder value.

TRX Outperforms Broader Market

TRX has outperformed much of the crypto market in recent months. The token peaked near $0.45 in 2024 before retracing to around $0.28 at the time of writing.

TRX is down just 1.3% year-to-date, significantly outperforming Bitcoin, which has fallen 19% over the same period.

Market-wide weakness in January has had a limited impact on Tron relative to top altcoins. Over the past month, the total crypto market cap fell by around 25%, while Tron’s market value declined by only 4%.

Related article: Tron Price Prediction 2025–2030Meanwhile, Tron continues to post strong network usage. The blockchain recorded over 100 million monthly active addresses in January, as the stablecoin market cap on the network reached $84.5 billion.

During this time, transaction activity also surged to 342 million.

What’s Next for TRX?

On the daily chart, TRX continues to trade below the 20-day Bollinger Bands midline. The price is supported by the lower band, which suggests that selling pressure remains present but it is not extreme.

TRX’s price chart with RSI and Bollinger Bands. | Source: TradingView

The Relative Strength Index (RSI) currently sits around oversold territory at 34. This indicates bearish momentum but also potential for a short-term bounce if selling pressure eases.

Analyst SilverBullet stated on X that TRX is overvalued and could dump hard in the near-term. Traders should watch for key support around $0.27. A breakdown from this level could lead the token to a pullback to $0.25.

However, if TRX reclaims the Bollinger midline and crosses the $0.30 resistance level, it could see a short-term rally to $0.32.

nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.