TRON price heads towards $0.32 – Can the purchase of 177,000 TRX by organizations save the bulls?

Although it only increased by 2% over the past week, TRX – the token of TRON – has shown promising signs of recovery in the past two weeks.

Recently, TRX’s price has been trending upward, but the momentum remains relatively weak. Investment institutions have started to reaccumulate TRX, but the question remains whether the increasing demand along with improved stablecoin liquidity will be enough to trigger a significant trend reversal.

TRON and the comeback journey from the previous altcoin cycle bottom

Analyzing TRX’s daily chart shows it has lost over 90% of the market capitalization gained during the previous altcoin cycle’s growth phase. Back then, TRON saw a rise from $0.26 to $0.37 between late June and mid-August 2025.

Currently, TRX’s price appears to be forming a double bottom pattern around the previous altcoin cycle’s low.

Notably, this bottom coincides with the Fibonacci retracement level of 0.9. If the pattern completes, the neckline will be around $0.32.

The MACD indicator shows that the bullish momentum, though still weak, is gradually improving. The MACD histogram value is at 0.0009, indicating buying pressure in the market.

Source: TradingView Not only that, the number of active addresses has increased significantly, from 2.783 million at the beginning of 2026 to 4.184 million currently.

However, to establish a long-term bullish trend, TRX needs to break through the key resistance level at $0.32. Nevertheless, short-term signals suggest the possibility of a price rebound.

The 4-hour chart of TRX shows a clear uptrend with higher lows and higher highs, following an upward trendline. The On Balance Volume (OBV) indicator also supports this trend, rising from 18.34 billion to 19 billion in just the past month.

Source: TradingView However, the lack of buying momentum raises concerns about the sustainability of the short-term trend. This could impact the long-term outlook. The Bull Bear Power (BBP) indicator remains in the red, although selling pressure has almost completely dissipated.

If the current trendline is broken, TRX’s recovery could be delayed. Additionally, the market still does not fully reflect the impact of recent large institutional buy orders.

Institutional demand and stablecoin growth driving TRX

Historical data shows that institutional investors tend to identify market bottoms and tops more accurately than retail investors. This suggests that Tron Inc.’s (TRON) purchase at an average price of $0.28 may have contributed to the current upward momentum.

According to an official announcement from Tron Inc. on X, their reserve fund has bought an additional 177,146 TRX, bringing their total holdings to 682.3 million TRX, with a total value of $199 million. This indicates a significant increase in demand for TRX, especially from institutional players.

Source: Tron Inc./X Additionally, the demand for using TRX as a bridge for stablecoin transactions continues to grow.

This is evidenced by Polymarket – a prediction trading platform – which announced support for deposits via TRON.

Notably, the USDT supply on the TRON network has increased by 40% over the past year, reaching $81 billion. The total USDT transaction volume in the same period also grew by 45%, with 825 million transactions.

Source: CryptoQuant All these factors suggest that the current price of $0.28 for TRX presents an attractive opportunity, especially as major institutional investors are actively buying at this level. However, despite increasing demand, this does not eliminate the risk of further market correction in the near future.

Mr. Giáo