Ethereum News Today: TRON Gains 8.0% Amid Bullish Structure and $1 Billion Buyback Program

Generated by AI AgentCoin World
Saturday, Aug 2, 2025 9:36 am ET1min read
TRX
--
Aime RobotAime Summary

- TRON (TRX) gained over 8% since July 15, nearing $0.35 resistance amid Bitcoin's 3.5% decline.

- TRX shows 0.94 correlation with Ethereum (ETH), outperforming Bitcoin's 0.74 link, aligning with ETH's market strength.

- Technical analysis highlights bullish patterns: $0.32 support holds, CMF above +0.05, and 20-day volume consistency.

- A $1B buyback program (3.1B TRX) aims to stabilize prices, with analysts expecting a $0.35–$0.40 breakout if $0.328 threshold is cleared.

TRON (TRX) has shown strong bullish momentum in the first half of August 2025, gaining over 8% since July 15. This rally positions the token near the critical $0.35 resistance level, a threshold that, if breached, could signal a new phase of price appreciation. The recent surge comes as Bitcoin faces downward pressure, with a 3.5% decline in the same period, further highlighting TRX’s outperformance [1].

TRX’s price movement has also demonstrated a strong positive correlation with Ethereum (ETH), registering a 0.94 correlation coefficient compared to 0.74 with Bitcoin, according to IntoTheBlock data. This suggests that TRX is increasingly moving in tandem with ETH, benefiting from Ethereum’s broader market performance and investor sentiment [2]. The close relationship with Ethereum adds a layer of market alignment that could amplify TRX’s upside potential should Ethereum continue its upward trajectory.

The technical structure of

TRON
supports this bullish outlook. On the daily chart, TRX has formed a clear bullish pattern, with a local high broken on July 29 followed by a retracement to the $0.32 demand zone, which acted as a strong support level. Trading volumes in July remained consistently above the 20-day moving average, while the Chaikin Money Flow (CMF) indicator stayed above +0.05, signaling sustained buying pressure [3].

On the 4-hour chart, momentum has slightly cooled, with the Money Flow Index (MFI) dipping below 50 but not showing strong bearish signals. The 50-period moving average continues to act as a key support line, aligning with the $0.32 demand zone. This confluence suggests a potential for a bullish rebound in the near term, though a decisive break below $0.32 would raise concerns for short-term bearish movement [4].

Amid this technical backdrop, TRON has also been bolstered by a strategic $1 billion token buyback program involving 3.1 billion TRX tokens, aimed at stabilizing the price and reinforcing market confidence. While the token dipped 2.94% in the previous 24 hours as of July 31, analysts remain optimistic about its potential to test the $0.35–$0.40 resistance range [5].

Broader market sentiment, including renewed activity in stablecoins and movements tied to Nasdaq-related assets, has further contributed to the positive environment for TRX. Analysts have linked this optimism to TRON’s ecosystem developments and improving fundamentals, suggesting that the token is well-positioned for a near-term breakout if it can successfully clear the $0.328 threshold [6].

Sources:

[1] Coinotag, https://en.coinotag.com/tron-trx-shows-potential-to-surpass-0-35-resistance-amid-bullish-market-structure/

[2] IntoTheBlock, https://intothblock.com/

[3] TradingView, https://tradingview.com/

[5] AInvest, https://www.ainvest.com/news/tron-launches-1b-buyback-3-1b-trx-support-price-stability-2507/

[6] Bitget, https://www.bitget.com/price/the-graph/price-prediction