- TRX gained nearly 3% and is retesting $0.30 as a key support after its recent breakout
- Network integrations and Justin Sun’s $8M investment strengthen the bullish case
- As long as $0.30 holds, traders are watching $0.324 and $0.37 as upside targets
TRON has started to show signs of life again, with TRX posting a 2.87% gain over the past 24 hours. That move didn’t happen in isolation. On January 22, AMBCrypto reported that Justin Sun made an $8 million strategic investment in Riverdot Inc., a deal that brings Riverdot’s satUSD stablecoin onto the TRON network. It’s the kind of headline that quietly reinforces confidence, rather than sparking instant hype.
Earlier this month, TRON also announced integrations with WalletConnect and Blockaid, adding more infrastructure support to the ecosystem. When you combine that with Bitcoin pushing toward the $90,000 level, the setup starts to look a bit more constructive. For TRX bulls, it feels like conditions are lining up for a follow-through move.
TRON Retests $0.30 as a Key Support Level
The recent developments matter because they add fundamental weight to the breakout TRX has already made. High network usage and Sun’s strategic investment both help explain why price was able to push through resistance. AMBCrypto had flagged the $0.30 level as a critical barrier nearly two weeks ago, and price has now come back to test it from above.
On the 3-day chart, the structure remains clearly bullish. TRX has printed a higher swing low, and the breakout above $0.3012 marked an internal shift in market structure. Because of that, the current pullback into the $0.30 zone looks less like weakness and more like a textbook retest, the kind traders often look for when entering.
Looking higher, the next upside targets sit around $0.324 and then $0.370. The On-Balance Volume has been trending upward slowly since December, suggesting accumulation hasn’t disappeared. That said, the 20-period moving average of trading volume has been declining since October, which is something to keep an eye on. A pickup in volume would go a long way toward confirming conviction behind the breakout.
One minor caution flag is the RSI on the 3-day timeframe. It’s currently hovering around 83, a level not seen since December 2024. That’s firmly overbought territory, and while it doesn’t guarantee a reversal, it does suggest the move is getting stretched in the short term.
The Risk of a Failed Breakout Still Exists
While the bullish case remains intact, it’s not completely risk-free. A broader market stumble could still upset the setup. If Bitcoin fails to reclaim the $94,500 local support level, the brief altcoin strength seen in January could fade just as quickly as it appeared.
Falling average trading volume on TRX, combined with an overextended RSI on the higher timeframe, could also act as early warning signs. In that scenario, the $0.30 level would lose its significance as support, and the breakout thesis would weaken.
Why the Bias Still Favors the Bulls
Despite those risks, the bigger picture still leans bullish. The long-term 3-day swing structure remains intact, and the decisive break above $0.30 about ten days ago confirmed bullish intent. As long as that level holds, the current retest is more likely to be defended than abandoned.
If buyers step in as expected, TRX could begin its next impulsive leg higher. How far that move extends will largely depend on capital flows into both Bitcoin and TRON. For now, the $0.37 level stands out as a reasonable upside target, assuming the broader market cooperates and momentum holds.
