TRON (TRX) is showing early signs of a pullback after rejecting near its recent highs, with a broadening “megaphone” pattern pointing to rising volatility and downside risk in the sessions ahead.
On the 3-day chart, TRX/USD appears to be oscillating within diverging trendlines, a classic megaphone structure where price swings widen over time.
In the near term, that puts $0.26 in focus as the first downside target.
The level coincides with a local support zone and sits just around the 200-period exponential moving average (blue), making it a natural magnet for price as momentum cools.
The relative strength index (RSI) is also turning lower from overbought levels, reinforcing the case for a short-term correction.
A decisive break below the $0.29 support could trigger a broader decline.
In megaphone patterns, analysts typically measure the structure’s height and project it from the breakdown point to estimate the next move. Applying that framework to TRX suggests a potential drop toward the $0.21–$0.22 range.
Adding to the broader TRX narrative, Tron Inc. (NASDAQ: TRON) continues to steadily expand its token reserves, reinforcing institutional interest in the ecosystem.
The firm acquired 152,162 TRX on Thursday at an average price of $0.3286, lifting its total holdings above 693 million TRX. Tron Inc. has been purchasing roughly $50,000 worth of TRX daily, reflecting a disciplined accumulation strategy.
Tron Inc. (NASDAQ: TRON) acquired 150,764 TRX tokens today at an average price of $0.3316, further increasing its TRX treasury holdings to more than 692.8 million TRX in total. The company aims to further grow its Tron DAT holdings to enhance long term shareholder value. For live…
— Tron Inc. (@TRON_INC) April 23, 2026
The move highlights growing confidence in Tron’s role across stablecoins, DeFi, and high-throughput blockchain infrastructure, positioning the company among the largest public holders of TRX.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.