Tron: Despite bearish October, TRX’s rebound could be underway again

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Key Takeaways

What’s the most exciting thing for TRX to finally break free from its gloomy October slump?

It’s that glorious, magical climbing reserve-to-borrow ratio, promising increased liquidity and a lot less risky borrowing. Ah, music to every investor’s ears. 🎶

What’s the one thing TRX needs to do to hit its price targets and make a glorious comeback?

Well, TRX needs to muscle its way through and stay above that pesky descending resistance line. It’s like a bar at the local pub-TRX needs to cross it and stay there if it wants to have a good time. 🍻

October has been nothing short of dreadful for Tron [TRX] investors. With a hefty 11% drop this month, it’s been more of a sinking ship than a starship. But, just when things seem to be spiraling, there’s a flicker of hope. Capital reserves are stepping up, and hey, maybe there’s a glimmer of a rebound in sight. 🚀

Reserve Hike

Let’s talk reserves-yes, the Tron ecosystem’s financial reserves have been looking better than ever. Investors have been stuffing their wallets with jTRX and jUSDT tokens-wrapped versions of TRX and USDT-mainly for the DeFi and lending market. Nothing says “I believe in this” quite like wrapping up your tokens and letting them sit in the vault. 🔒

The reserve-to-borrow ratio has been steadily climbing, which is another way of saying that more tokens are hanging out in wallets than are being borrowed. Imagine a giant piggy bank being filled with more coins than it’s ever needed. That’s good news, people! 🐷

Market analyst Joao Wedson is practically waving a flag in excitement over this trend. He’s predicting a TRX rally because, historically, this setup is the precursor to a TRX comeback. You know what they say: history repeats itself. Or in this case, hopefully, history gets TRX back on track. 🏃‍♂️💨

“Historically, this setup has marked the early phase of new TRX rallies.”

Accumulation on the Rise

Now, despite the nifty reserve increases, the sentiment for TRX has been more “meh” on the lower timeframes. In the past 24 hours, TRX saw a tiny pullback of about 1.24%. Some retail investors decided to part ways with approximately $2.22 million worth of TRX. It’s like they took their toys and went home. 🎮

But here’s the twist-on higher timeframes, things are looking a bit more exciting. CoinGlass data shows that spot investors have snatched up $11.21 million worth of TRX since October 27. That’s not exactly the behavior of a dying asset. It’s more like TRX is the underdog getting a second wind. 💪

Even the Accumulation/Distribution (A/D) indicator is flexing its muscles. Right now, there’s more accumulation happening than distribution. In other words, people are buying more than they’re selling. That’s generally a good sign if you’re into the whole “bullish trend” thing. 🐂

Total accumulation has now reached about 122 billion TRX. Yes, that’s billion with a B. Clearly, more people are loading up on TRX than buying the latest iPhone. 📱

This massive accumulation points to one thing: the market is still holding on to the hope that TRX’s rally is just around the corner. That hope is not a mirage-yet. 🌟

Technical Outlook

If TRX wants to prove the naysayers wrong and actually make a recovery, it’s going to have to do something bold. Namely, it needs to get past that pesky descending resistance line. Think of it as the ultimate gatekeeper to TRX’s rise. Cross it, and the world is its oyster. 🦪

This resistance line has acted like a pretty reliable demand zone. If TRX can break through it, there’s a good chance we’ll see a surge. And if that happens, TRX could hit the $0.32 target. After that, who knows? Maybe $0.35, and dare I say it, $0.37? It’s like a TRX treasure hunt, and we’re all hoping for the golden ticket. 🎟️

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2025-10-30 17:21