TRON Stabilizes After 16% Slide

TRON's (TRX) price has stabilized after a 16% drop from its May high, and some analysts believe it may be finding support. According to 10x Research, TRX fell around 16% before finding support in late June and now sits above both the 7-day and 30-day moving averages, which are considered bullish momentum signals.

The firm notes that TRX has gained 2.2% over the past week and recovered 6% from its lows, but still remains 11% below its May peak. The token trades near $0.33, about 23% under its record high of $0.4313.

Beyond improving technical momentum, growing institutional accumulation and strong network usage are reinforcing the positive outlook for TRX. Nasdaq-listed Tron Inc. has continued expanding its treasury, purchasing another 150,742 TRX on Sunday at an average price of $0.3317.