The post Tron (TRX) Price Support Defined By This Rare Indicator, Is Rebound Close? appeared on BitcoinEthereumNews.com.

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. Image Source: Glassnode on X 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. Image Source: LUCKYGMI on X One of the reasons this move…

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Filed under: News - @ June 19, 2025 2:29 pm