WikiBit 2026-06-14 22:03Since facing rejection at $0.37 in late May, TRON [$TRX] has traded within a descending channel, ref
Since facing rejection at $0.37 in late May, TRON [$TRX] has traded within a descending channel, reflecting sustained bearish pressure.
As of press time, $TRX traded around $0.31, down 3% over the past week. As the altcoin remained under pressure, Tron Inc. continued buying $TRX in an apparent effort to support its treasury position.
Why is Tron Inc buying more $TRX?
Tron Inc. continued with the aggressive accumulation of $TRX as part of its treasury. The Treasury company reported purchasing 157,392 $TRX tokens at an average price of $0.3177 for $50k.
The purchase was an addition to another 159,118 $TRX acquisition reported the previous day. In fact, so far in June, Tron Inc has accumulated 1.2 million $TRX, with total holdings surpassing 700.4 million $TRX.
Source: Tronscan
The accumulation came during an extended period of market weakness. Continued buying suggested Tron Inc was absorbing some of the selling pressure as demand softened.
On top of that, the ecosystem continued attracting fresh capital. DefiLlama data showed the network recorded largely positive Daily Net Inflows across the observed period.
Source: DeFilLama
As of press time, Daily Net Inflows stood at around $6.9 million. Positive Net Inflows indicated more capital entered the network than exited it, reflecting continued interest in the ecosystem.
Historically, sustained accumulation by large market participants has helped absorb selling pressure and stabilize prices. If Tron Inc. maintains its pace, the buying activity could help support a broader recovery.
Can buyers stop the decline?
Even so, Tron Incs purchases have yet to meaningfully improve market structure.
As a result, downside risk remained elevated. For starters, $TRXs Relative Strength Index (RSI) sat near oversold territory, highlighting persistent selling pressure.
Source: TradingView
With RSI near 30, sellers appeared to retain firm control of the market.
At the same time, MACD remained negative at around -0.0003, while the Signal Line stayed above it. That setup reinforced the prevailing bearish trend and suggested momentum remained weak.
Together, these indicators suggested the downtrend could continue. Holding external factors constant, $TRX could lose support at $0.31 and decline toward $0.30.
However, if Tron Incs continued accumulation begins to strengthen demand, $TRX could reclaim $0.32 and target $0.35.
Final Summary
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