TRX price is holding its ground near a key price level, and several signals now point to a possible breakout. An on-chain indicator, pointed out by glassnode, shows strong buyer conviction around $0.26–$0.27, just as broader sentiment shifts on the back of Tron’s IPO (Initial Public Offering) ambitions and political ties.
The possible catalyst? On June 16, SRM Entertainment announced plans to rebrand as Tron Inc., pivoting its balance sheet to anchor $100 million, and eventually up to $210 million, in TRX. Backed by private investors and advised by Justin Sun, the move aims to position TRX as a corporate reserve asset, mirroring Bitcoin’s role in companies like MicroStrategy.
But the stakes are high. Unlike Bitcoin, TRX faces several hurdles: centralization risks, lower liquidity, and dependence on Tron’s ecosystem. While the IPO play could legitimize TRX, its path to widespread adoption remains untested and volatile.
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Is TRX Price Ready For a Breakout? Cost Basis Distribution Shows Heavy Accumulation
According to glass node data, over 14 billion TRX tokens were acquired between $0.26 and $0.27, marking the largest accumulation zone on record. Most current holders are sitting near break-even, reinforcing this level as a major floor.
Cost Basis Distribution shows #TRON found support in the $0.26–$0.27 range, where over 14B $TRX is held -marking the strongest cluster on the chart. Above that, the supply is relatively thin and most investor positioning remains below current price: https://t.co/ceCczn6uNh pic.twitter.com/bTv58VWqko
— glassnode (@glassnode) June 18, 2025
Price action above this range faces relatively light resistance. If the support holds and TRX starts moving up, there’s not much standing in the way toward the next targets.
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(TRXUSDT)
Recent price movement confirms the $0.2700 zone as critical, with the support at $0.26. Currently, TRX price trades at $0.2727, down slightly on the day. However, it hovers just above short-term support, resisting a clean breakdown.
If the price breaks above $0.3000, the next target is around $0.3300, potentially stretching toward $0.40 in a bullish continuation. A failure to hold $0.2650 could reverse this setup entirely.
Key Takeaways
- Glassnode data shows 14B+ TRX tokens accumulated in this range, creating a strong demand zone. Current price ($0.2727) hovers just above support, with a breakdown below $0.2650 risking a bearish reversal.
- SRM Entertainment’s rebrand to Tron Inc., backed by $100M–$210M in TRX reserves, aims to mirror Bitcoin’s corporate reserve role (e.g., MicroStrategy). Justin Sun’s involvement adds credibility but also centralization concerns.
- A clean break above $0.3000 could target $0.3300, with extended bullish momentum toward $0.40. Light resistance above $0.27 suggests room for upside if sentiment holds.
- TRX faces liquidity challenges, centralization risks, and dependence on Tron’s ecosystem. While the IPO narrative is bullish, adoption remains unproven compared to Bitcoin.
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