Tron (TRX) Price Support Defined By This Rare Indicator, Is Rebound Close?

The recent market activity around Tron Crypto has drawn attention after Glassnode revealed new insights on the TRX price Cost Basis Distribution metric.

This metric revealed a strong support level forming in a key price range, with rising optimism linked to its IPO plans and the entry of political influence.

Traders are now watching closely for a possible price rebound in the days ahead.

Cost Basis Distribution Offers Solid Ground for TRX Price

The Tron Cost Basis Distribution chart had spotlighted a significant support zone between $0.26 and $0.27.

Over 14 billion Tron coins are held in this tight range, making it the most significant accumulation point on the chart.

Most current holders have their cost basis at this level, meaning they bought TRX at or around this price.

As a result, there is now a strong base of investor confidence resting here.

The chart shows a relatively thin supply above this range. This signals that if TRX price gains an upward momentum, there may be less resistance on the way up.

The bulk of positioning is sitting below the current price, giving bulls a reason to stay confident.

Support of this kind often acts as a launchpad, and with market conditions looking steady, a shift higher could soon follow.

Tron IPO and Newfound Positive Sentiment

Tron’s shift toward traditional finance has added a new layer of optimism. The planned IPO involves a merger with SRM Entertainment, a deal tagged by industry analysts as a game-changer.

Dominari Securities, a firm with close ties to the Trump family, is guiding the deal.

If completed, Tron Inc. will hold TRX as its primary reserve asset. This strategy may be on the lines of MicroStrategy’s Bitcoin play.

One of the reasons this move is special is the potential addition of Eric Trump to the board.

While yet to be confirmed, this signal of political proximity has stirred conversation.

Some market participants believe that this is not just about attention. It speaks to possible influence, connections, and legitimacy in U.S. markets.

Following the closure of the SEC’s investigation into Justin Sun’s companies, Tron coin is now largely viewed differently.

This recent update now presents itself as a more mature and regulation-ready crypto project.

Price Outlook and Projections

With the support from the Tron Cost Basis Distribution, combined with the positive sentiment from the IPO plan, market watchers believe TRX’s price outlook appears stronger than in previous months.

As per analysts’ opinions, should TRX hold above the $0.26 mark, a move toward $0.30 or beyond is possible.

At the time of writing, market data shows that TRX price was trading at $0.2704, down by 0.55% in the past 24 hours.

The shift from being purely a utility coin to becoming a financial asset class is changing how people are now valuing TRX.

It is no longer just about on-chain actions like burns and fees. The coin now rides on regulatory clarity, political ties, and Wall Street’s bullish ambitions.

For now, all eyes remain on the $0.26 support zone defined by Glassnode. If it holds, this could begin a new chapter for TRX price in crypto markets in the coming weeks.

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