Market analyst Crypto Patel has revealed that TRON (TRX) is currently in a significant accumulation phase, with smart money and institutional investors strategically buying the dip in anticipation of a strong bull market. According to Patel's technical analysis, TRX is being accumulated "so cleanly" on the monthly chart that a price target of $2+ appears to be "just a matter of time."
The analysis highlights that TRX price is holding above a key accumulation zone between $0.23 and $0.28, following a liquidity sweep from $0.45. The asset has been consolidating in a narrow range between $0.2808 and $0.2991 since February 26, 2026, which aligns with the early phase of a Wyckoff accumulation structure. This pattern typically indicates that large investors, or "whales," are accumulating assets at lower prices before a major upward move.
Supporting this view, on-chain data from Arkham Intelligence shows that Tron Inc. has been engaging in disciplined daily accumulation of TRX tokens for its treasury reserves. Over the past two months, the company has purchased approximately $50,000 worth of TRX daily at an average price of $0.29, amassing over 681 million TRX (now reported as 689 million TRX). This activity signals growing institutional conviction and a shift beyond Bitcoin and Ethereum for crypto treasury strategies.
Concurrently, TRX price action shows a confirmed breakout from a long-term descending trendline. The asset is now trading above $0.30 and key EMAs, forming higher lows and holding bullish momentum. Traders are now watching the next resistance level near $0.37, with immediate resistance seen between $0.33 and $0.35. Critical support lies in the $0.30–$0.31 zone.
On-chain fundamentals remain robust, with TRON's Total Value Locked (TVL) stable near $4.5 billion and its stablecoin market cap exceeding $86 billion, dominated by USDT. This provides strong network liquidity and supports consistent transaction flow. The analyst's observation suggests that sustained accumulation could push TRX towards $1.1, representing a 310% increase from its current price of approximately $0.3227.
