- TRON (TRX) is holding strong above key support at $0.27, with rising whale accumulation and growing network activity signaling bullish potential.
- If bulls maintain momentum above this level, TRX could target a breakout toward the $0.30 resistance zone.
Tron (TRX) is quietly building bullish momentum, defending the crucial $0.27 support zone while whales and long-term investors increase their holdings. If bulls can maintain this trend, a breakout toward $0.30 could soon be on the cards.
TRX Defends Support Amid Rising Whale Accumulation
TRX continues to consolidate near the $0.26–$0.27 accumulation range, with over 14 billion TRX held at this level, according to Glassnode data. This zone marks the strongest support cluster on the cost-basis heatmap, signaling solid long-term positioning.
At press time, TRX was trading at $0.274, hovering just above this key support, with thin resistance ahead. Whale activity reinforces bullish sentiment—large holders increased their TRX positions by 9.59% over recent days, while long-term investor addresses surged by 38.21%, according to IntoTheBlock.
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Trendline Support Intact; MACD Flashes Bullish Signal
Technically, TRX remains in a bullish structure, holding above an ascending trendline that has been in place since March. Fibonacci retracement levels between $0.27 and $0.28 also remain intact.
Additionally, the MACD line recently crossed above its signal line, suggesting bullish momentum may return. If the trendline holds, the path toward $0.30 resistance appears clear.
Most TRX Holders in Profit—Limiting Sell Pressure
Currently, 75.11% of TRX addresses are “in the money,” according to IntoTheBlock, while only 11.23% of wallets are facing unrealized losses. This means most investors are not under pressure to sell, reducing the likelihood of heavy sell-offs at current levels.
Network Growth Signals Stronger Fundamentals
TRON’s network fundamentals are also improving. New wallet creation spiked by 32.15% over the past week, while active addresses rose 2.68%. Meanwhile, the number of zero-balance addresses dropped 10.52%, indicating stronger user retention.
Sentiment Reset Could Fuel Healthier Rally
Weighted Sentiment data from Santiment showed a recent spike above 7.5, followed by a quick reversal to −0.3. This reset may help cool speculative excess, paving the way for a more sustainable uptrend.
TRX Poised for Breakout—If Bulls Hold Support
With whales accumulating, network activity growing, and technical levels holding firm, TRX looks poised for a move toward $0.30. However, bulls must defend the $0.27 support zone to unlock this potential.