Time to Buy Tron? Donald Trump Adds Another 10.81M TRX

Normal market sentiment for cryptocurrency seems to be recovering following the presidential inauguration of Professional-Crypto Donald Trump. Amid this, Tron (TRX) seems bullish and poised for vital upside momentum as a result of bullish construction on the day by day chart and growing curiosity from long-term holders.

World Freedom 10.81M TRX

As we speak, January 22, 2025, blockchain-based transaction tracker Lookonchain posted on X (previously Twitter) that Trump’s World Liberty bought 10.81 million TRX tokens for $2.65 million in USDT.

That is the second-largest TRX buy Trump’s staff has made since his inauguration. On January 20, 2024, the staff acquired 18.3 million TRX for $4.7 million in two separate transactions to have fun Trump’s inauguration because the forty seventh president.

With these latest TRX purchases, World Liberty’s TRX holdings have now reached 30.11 million, valued at $7.38 million.

75% Prime Binance Merchants lengthy on TRX

Given these investments, merchants on Binance have proven nice curiosity and confidence, as reported by the on-chain analytics firm Mint glass. Knowledge from Binance’s TRXUSDT Lengthy/Quick ratio reveals that for each 3.04 lengthy positions, there’s at present just one brief place, indicating sturdy bullish sentiment amongst merchants.

At present, 75.23% of high merchants have lengthy positions, whereas 24.77% have brief positions.

Tron (TRX) Technical Evaluation and Upcoming Degree

In accordance with knowledgeable technical evaluation, TRX seems bullish because it has just lately damaged the trendline it has been constantly testing since early December 2024, in addition to the neckline of a bullish double-bottom worth motion sample. Submit-breakout, TRX sentiment seems to be shifting and is poised for vital upside momentum.

TRX Worth Prediction

Primarily based on latest worth motion and historic momentum, if TRX closes a day by day candle above the $0.25 degree, there’s a sturdy risk that the value might rise 35% and attain the $0.34 degree within the coming days.

On the time of writing, TRX is buying and selling round $0.255, after rising greater than 5.50% within the final 24 hours. Nevertheless, throughout the identical interval, buying and selling quantity fell by 25%, indicating decrease participation from merchants and traders in comparison with the day earlier than.