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TRX turns bullish as Justin Sun hints at increasing Tron’s Bitcoin reserves

by January 31, 2026
by January 31, 2026 0 comment

TRON (TRX) has shown renewed bullish momentum, gaining 1.3% over the past 24 hours.

This performance outpaces the broader crypto market, which remains largely flat at around 0.4%.

Investors are attributing TRX’s short-term strength to a combination of strategic positioning, technical rebounds, and strong, stablecoin-driven network activity.

Strategic Bitcoin accumulation plan boosts sentiment

TRON founder Justin Sun has announced plans to expand the network’s Bitcoin holdings in response to Binance’s $1 billion SAFU fund conversion to BTC.

H.E. Justin Sun 👨‍🚀 🌞

@justinsuntron

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In response to Binance’s call, Tron will also increase its BTC holdings in the future.

11:07 AM · Jan 30, 2026

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This move will position TRON alongside institutional trends of using Bitcoin as a treasury asset.

Market participants view this as a confidence boost, suggesting that TRX could benefit from a perceived correlation with Bitcoin’s long-term store-of-value narrative.

Although specific amounts and timelines have not been disclosed, investors are closely watching TRON’s BTC wallet disclosures and reserve transparency.

The announcement has injected optimism into TRX sentiment, drawing attention from capital seeking exposure to both TRON and Bitcoin.

Technical rebound supports short-term gains

TRX’s price action has also reflected a technical recovery.

The token recently rebounded from the 50% Fibonacci retracement level at $0.3014.

The 14-day Relative Strength Index (RSI) stands at 46.17, signalling neutral-to-bullish momentum.

Traders have capitalised on oversold conditions following a 7-day dip of -1.52%.

Tron price chart | Source: TradingView

Crucial levels to monitor include $0.30, a psychological barrier, with potential upside toward $0.31, coinciding with the 200-day EMA.

This technical strength has complemented TRON’s strategic developments, reinforcing short-term buying pressure.

Tron enjoys stablecoin dominance

TRON continues to showcase its utility as a payments-focused blockchain.

The network processed $23.8 billion in USDT transfers in Q4 2025, according to a recent report by Nansen Research, highlighting substantial stablecoin activity.

TRON has also expanded partnerships with platforms like Revolut and Kalshi, further embedding TRX in transactional use cases.

However, DeFi activity on the network declined by 28.7% quarter-over-quarter, reducing total value locked (TVL) to $4.6 billion according to data obtained from DeFiLlama.

While stablecoin volume supports short-term transactional demand, the long-term growth of TRX will likely depend on reviving broader DeFi participation.

TRON (TRX) price forecast

Traders should focus on the $0.30 support level, which has acted as a pivot for recent rebounds.

A close above $0.30 could target $0.31, aligned with the 200-day EMA, while holding above $0.30 remains crucial for maintaining bullish momentum.

Downside risks include potential Bitcoin volatility or weaker-than-expected DeFi activity, which could pressure TRX below key support levels.

Monitoring TRON’s BTC reserve updates and stablecoin processing trends will be essential for anticipating future price movements.

Overall, TRX’s recent gains reflect a combination of strategic positioning, technical strength, and utility-driven demand, making it a token to watch in the near term.

The post TRX turns bullish as Justin Sun hints at increasing Tron’s Bitcoin reserves appeared first on Invezz

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