- TRX failed to reclaim the “Golden Ratio” at $0.30, resulting in a bearish flip that has analysts eyeing a deeper retracement toward the $0.26 support cluster.
- Despite the price drop, Tron Inc. added 179,408 TRX to its treasury on February 9, bringing its total reserves above 680 million tokens as a sign of long-term conviction.
- The market is closely watching the March 2026 deadline for Canary Capital’s Staked TRX ETF, which could introduce significant institutional liquidity if approved.
TRON (TRX), the native token of the TRON blockchain, is navigating choppy waters in early February 2026, with technical indicators pointing to sustained bearish momentum. TRX trades at approximately $0.2768 USD, reflecting a modest 0.3% decline over the past 24 hours. The cryptocurrency’s market capitalization stands at over $26 billion, supported by a 24-hour trading volume of nearly $588 million, underscoring its liquidity in the volatile crypto market.
Downside Scenarios: Chasing the $0.26 Demand Zone
Recent analysis from CryptoPulse highlights a clear downtrend, where TRX has been forming lower highs and lower lows without signs of reversal. The price was rejected at the 0.618 Fibonacci retracement level, often called the “golden ratio,” marking the potential onset of further declines. Fibonacci extensions suggest initial downside targets around $0.268 (0.618 level), followed by $0.265 (0.786), and a maximum drop to $0.2607.
This aligns with broader market sentiments, where TRX has struggled to hold the $0.29-$0.30 demand zone following a late January sell-off. Technical charts show a bearish flip on the daily timeframe after dipping below $0.27 on February 5, with shallow bounces filling imbalances but failing to reverse the trend.
The Treasury Shield: Tron Inc.’s Strategic Accumulation
Despite the short-term gloom, TRON’s fundamentals remain robust. The network boasts high transaction speeds and low fees, maintaining dominance in stablecoin settlements with over $82.9 billion in USDT circulation. Rising on-chain activity, including increased transaction counts and revenue, supports potential price recovery.
Tron Inc., the entity behind the blockchain, has been actively accumulating TRX, adding 179,408 tokens on February 9 at an average of $0.28, pushing total holdings to around 680 million. Founder Justin Sun’s endorsements, such as “Never stop,” signal strong institutional conviction. However, external factors add uncertainty. The U.S. SEC’s ongoing scrutiny of Justin Sun and Tron, including paused enforcement actions on allegations of market manipulation and wash trading, has drawn congressional attention.
Ties to political figures like President Trump have fueled speculation about potential resolutions. Meanwhile, a proposed Staked TRX ETF from Canary could open doors to institutional inflows if approved by March 2026, potentially catalyzing a bullish shift.
Regulatory Clouds: SEC Scrutiny and the Political Landscape
Price predictions for the remainder of February vary widely. Optimistic forecasts see TRX climbing to $0.37 by month-end, driven by algorithmic models, while bearish views warn of a deeper retracement to $0.245 if the $0.26-$0.27 long-term demand zone fails.
Community sentiment is split, with 52% bullish per recent polls. Traders should monitor key supports and on-chain metrics closely. While short-term risks persist, TRON’s ecosystem strength—evident in its DeFi and content decentralization efforts—positions it for potential rebound in a recovering crypto market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
