Tron Inc increased its TRX reserves above 704 million as TRX eyes the $0.35 resistance

Cointurk2026/07/08 02:18

By:Cointurk

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

TRON’s native token TRX has maintained its upward momentum by holding above a key support zone, keeping bullish hopes alive. Market watchers have noted that if TRX sustains this structure, the price may either remain tightly consolidated above support or move towards a decisive breakout above the $0.35 level.

Key threshold in focus for TRX Tron Inc expands digital asset reserves Market support and potential scenarios

Key threshold in focus for TRX

TRX is trading at $0.3321 in the past 24 hours, with daily trading volume reaching $492.43 million and a market capitalization near $31.5 billion. A 1.13% increase in the last day is seen as a sign of recovery within the price structure, according to analysts.

Crypto market analyst Umair Orakzai points out that TRX continues to hold above an important support range, preserving its bullish structure for now. Analysts say a stable performance above this support could boost buyers’ confidence and potentially accelerate momentum towards the $0.35 resistance level.

Analysts believe the healthiest scenario for TRX is either a clear breakout above $0.35 or continued balanced consolidation within the current range.

On the other hand, if TRX fails to sustain momentum at the upper end of its current trading band, near-term bullishness may weaken. In such a scenario, analysts warn short-term selling pressure and profit-taking could become more pronounced.

Tron Inc expands digital asset reserves

Alongside favorable price developments, Tron Inc continued to strengthen its digital asset holdings. The company’s latest purchase saw it acquire 151,322 TRX at an average price of $0.3304, taking its total TRX holdings above 704 million tokens.

As a corporate entity closely tied to the TRON ecosystem, Tron Inc views digital asset accumulation as a long-term strategic move. The company aims to further grow what it calls the Tron Digital Asset Treasury in coming periods.

Glossary: A digital asset reserve is the cryptocurrency held by a company on its balance sheet as a strategic, long-term asset, similar in role to cash reserves. While exposed to price fluctuation, this structure enables companies to position themselves as long-term holders rather than risking direct exposure to ecosystem volatility.

By increasing the TRON Digital Asset Treasury, the company aims to both strengthen its financial position and benefit from any future growth in the blockchain ecosystem.

Market support and potential scenarios

TRX’s outlook isn’t defined only by chart movements. Ongoing institutional accumulation and the broader crypto market’s recovery have also contributed to the token’s support. As Bitcoin reclaimed levels above $63,000, overall risk appetite across digital assets showed renewed strength.

Going forward, two levels stand out for TRX: holding above support and breaking past the $0.35 resistance. If both are achieved, analysts argue there would be ample room for buyers to push prices even higher. However, a misleading breakout attempt could see short-term pressures return and weigh on the price outlook.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.

华尔街见闻•2026/11/11 21:18

Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.

华尔街见闻•2026/11/11 21:18

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?

The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.

华尔街见闻•2026/11/11 21:18