TRON (TRX) has regained bullish momentum, holding firmly above the $0.30 level after successfully retesting the upper boundary of a previously broken descending wedge pattern. This technical confirmation comes at a time when derivatives infrastructure around TRX is expanding, with Deribit officially launching TRX options trading, adding a new layer of institutional-grade exposure for investors.
Deribit’s TRX options add structural support
Deribit, one of the world’s leading crypto derivatives exchanges, announced the rollout of TRX options featuring daily, weekly, monthly, and quarterly expiries. This development significantly broadens access to hedging and structured strategies for TRX, improving liquidity depth and market efficiency over the long term. While the immediate price reaction has been muted, such products historically strengthen an asset’s market structure rather than trigger instant rallies.
On-chain data reinforces the bullish bias
On-chain metrics from CryptoQuant indicate a steady increase in large whale-sized transactions across both spot and futures markets. At the same time, market conditions appear to be cooling from previously elevated levels, reducing overbought pressure and creating room for another upward leg.
Supporting this narrative, DefiLlama data shows that stablecoin supply on the TRON network has climbed to $82.85 billion, approaching its all-time high near $83 billion. Rising stablecoin activity typically reflects growing network usage and capital efficiency, both of which are constructive for TRX’s medium- to long-term valuation.
TRX price outlook: Bulls target $0.32
From a technical perspective, TRX confirmed its breakout from the descending wedge formed since late August earlier this week. After a healthy pullback to retest the breakout level, price has stabilized around $0.30.
The daily RSI sits near 67, signaling strengthening bullish momentum without extreme overheating.
The MACD has flipped bullish, with expanding green histogram bars above the zero line, reinforcing short-term upside potential.
If buying pressure persists, TRX could move toward the October 22 high near $0.32. However, increased profit-taking may trigger a pullback toward $0.29, which remains the nearest key support.
Long-term Buy idea (personal view only)
Buy zone: $0.295 – $0.305
Stop Loss: Below $0.275 (structure invalidation)
Take Profit 1: $0.32
Take Profit 2 (long-term): $0.36 – $0.38 if momentum and network growth continue
This analysis reflects personal opinion only and is not investment advice. Crypto markets are highly volatile—always do your own research and manage risk carefully.
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