Altcoins seem to be bouncing back, and TRON’s TRX token showed that clearly. Although the altcoin was only up 2% this week, it has changed in a much more positive way over the last two weeks.
Recently, the TRX price movement has been to the upside, though its momentum was still weak. Institutions are back in accumulation, but can this demand and stablecoin liquidity initiate a price reversal?
TRON revisits previous altcoin season lows
The daily charts of TRON [TRX] showed that the altcoin had lost more than 90% of the capitalization gained during the previous altcoin season. Then, TRON rallied from $0.26 to $0.37 between late June and mid-August 2025.
As of press time, the price seemed to be creating a double bottom around the altcoin season lows.
In fact, the lows coincided with the 0.9 Fibonacci Retracement level. The neckline, if the pattern were to be completed, would be at around $0.32.
The MACD showed that, despite its weak momentum, it was growing. The MACD histogram reading was at 0.0009, which indicated the presence of buyers.
Also, the number of Active Addresses had grown from 2.783 million at the start of 2026 to 4.184 million when writing.
Still, the long-term price reversal was dependent on breaking past the zone at $0.32. But the short-term picture seemed to echo a potential bullish reversal.
The 4-hour chart showed a clear, healthy trend with higher lows and higher highs respecting an ascending trendline. The On Balance Volume (OBV) was in support of the trend as it rose from 18.34 billion to 19 billion this month.
The lack of strength from buyers raised concerns about the short-term trend, which usually builds to the long-term one. The Bull Bear Power (BBP) was still red, though sellers had been completely exhausted.
However, a breakdown of this trendline would delay the rebound. The market most likely had not taken the recent institutional buy orders into account.
Institutions load TRX as its stablecoin demand grows
According to historical data, institutions tend to time market bottoms and tops more precisely than retailers. This suggests that Tron Inc.’s (TRON) gradual purchases at an average price of $0.28 may have influenced the current run-in price.
As per Tron Inc.’s official page on X, the treasury acquired 177,146 TRX, which boosted its holding to 682.3 million TRX. The total DAT holdings were valued at $199 million.
This meant demand for TRX was growing, notably from institutions.
Moreover, its demand for stablecoin rails continued to grow.
This was evident as Polymarket announced it would provide support for TRON deposits.
For context, USDT growth of 40% on TRON was big last year, with its supply reaching $81 billion. The amount transferred over the year grew by 45% as the number of USDT transactions on TRON hit 825 million.
All together, $0.28 appeared to be a bargain price for TRX now that even institutions were buying at that price. Interestingly, demand was increasing, but did not negatethe chances of continued market decline.
