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. Related Reading: Bullish Candle Formation Suggests The XRP Price Could Touch $22 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. Related Reading: Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support 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. Featured image from iStock, chart from Tradingview
