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Over the past week, the Tron ($TRX) market recorded a choppy price action, eventually resulting in a 2.10% price decline. Amidst the crypto market euphoria seen in the past two months, $TRX has maintained a steady price growth reporting percentage increase of 17.39% since the beginning of April.
Interestingly, prominent crypto analyst Burak Kesmeci has shared an intriguing market insight that indicates $TRX is likely to remain on the uptrend for the foreseeable future.
$TRX Futures Market Signals Good Accumulation Opportunity
In an X post on May 30, Burak Kesmeci postulated that $TRX remains in a prime position for further price gains based on developments in futures retail activity.
Using data from CryptoQuant, the analyst explains that $TRX previously reached a market of $0.45 in December 2024 which aligned with a period of peak retail speculation as indicated by the cluster of red dots on the chart. During this period, many traders likely leveraged long, trading the rally in anticipation of a sustained price uptrend.
However, $TRX prices soon crashed to $0.21 during a broader market correction that lasted for the majority of the first trimester of 2025. This period is marked by a sparse amount of gray dots suggesting a neutral retail participation in the futures market. Amidst resumed crypto bull market rebound, $TRX prices have risen to around $0.27. However, retail activity has remained neutral with no significant uptick in speculation or emergence of a “mad crowd” as seen in December 2024.
According to Burak Kesmeci, these findings indicate there is significant potential for an upswing in the $TRX market as retail futures activity is far from overheated. However, there is a need for macroeconomic and geopolitical tensions to subside before these projected gains can occur. Recently, the crypto market produced a negative reaction to reports of the US and China failing to find a common ground in an ongoing trade talk amidst a 90-day truce before both countries.
$TRX Price Prediction
At the time of writing, $TRX trades at $0.26 reflecting a 2.87% decline in the past day. Meanwhile, the token’s daily trading volume is valued at $806.98 million. According to data from CoinCodex, $TRX investors are strongly bullish despite recent losses as evidenced by the Fear & Greed Index of 60.
Coincodex analysts project $TRX to soon rediscover its bullish form with forecasted price targets of $0.32 and $0.29 in the next five and thirty days respectively. In addition, they paint a positive long-term outlook with a price target of $0.51 in six months.
