TRX has experienced a 5% price increase after Justin Sun's strategic $18 million investment in Tron Inc. The investment aims to bolster the company's TRX treasury, potentially increasing market demand for the token. As of now, TRX is trading at $0.284, up from its earlier low this month. The price surge is supported by positive market factors, including whale accumulation and the anticipated filing of a TRX Strategy ETF by Bitwise with the U.S. SEC. Technical indicators also show a bullish reversal pattern, with TRX trading above its 50-day moving average and the Supertrend indicator turning green. Analysts suggest TRX could reach $0.356 if the current momentum continues.
TRX Price Rises 5% Following Justin Sun's $18M Investment in Tron Inc.
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This content is for informational purposes only and does not constitute investment advice.
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