TRON Price Eyes Breakout or Correction Amid Rising Wedge and Treasury Accumulation

TRON's price has reached $0.3451, with a market capitalization of $32.75 billion and a trading volume of $998.03 million in the last 24 hours.

The crypto analyst Crypto With Gopal notes that TRX is forming a rising wedge on its daily chart, indicating caution as the price continues climbing within narrowing trendlines.

While buyers have maintained upward momentum, the contracting structure suggests bullish strength may be fading. The critical support zone sits between $0.30 and $0.31, where defending the lower trendline could determine the next major move.

Tron Inc. has added 146,214 TRX to its treasury, further increasing its holdings to more than 710.9 million TRX in total.