Over the last seven days, Tron’s (TRX) market exhibited a fluctuating price action, culminating in a minor dip of 2.10%. Despite the rollercoaster ride witnessed by the cryptocurrency market recently, TRX has shown a consistent upward price trend, with a notable surge of 17.39% since April’s commencement.
Esteemed cryptocurrency analyst, Burak Kesmeci, has unveiled some fascinating market intelligence suggesting that TRX is set to stay on an upward trajectory for some time. His insights point to an excellent accumulation opportunity in the TRX Futures Market.
In a post on May 30, Kesmeci proposed that TRX’s position is ripe for further price increases, citing changes in futures retail activity. The analyst used data from CryptoQuant to illustrate that TRX had previously hit a peak of $0.45 in December 2024. This coincided with a high level of retail speculation, as shown by a cluster of red dots on the chart.
However, during a significant market downturn that dominated the initial trimester of 2025, TRX prices plummeted to $0.21. This period saw limited retail participation in the futures market. Despite the reshaped bullish crypto market, TRX prices have climbed to approximately $0.27, with retail activity remaining neutral.
According to Kesmeci, these observations suggest substantial potential for a TRX market upswing, as retail futures activity stays cool. However, any forecasted gains are dependent on a reduction in global macroeconomic and geopolitical tensions.
Currently, TRX is trading at $0.26, reflecting a 2.87% drop in the last 24 hours. Nevertheless, the token’s daily trading volume stands at $806.98 million. CoinCodex data shows that TRX investors are remaining bullish despite recent losses, with a Fear & Greed Index of 60.
Analysts at CoinCodex forecast a return to bullish form for TRX, with predicted price targets of $0.32 and $0.29 in the next five and thirty days respectively. They also project a positive long-term outlook with a price target of $0.51 in six months.
