TRON’s Next Move Hinges on Breaking $0.28 – Are TRX Bulls Ready to Charge?

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  • Derivatives volume is up 31%, but don’t get too excited – the market’s still holding back like a nervous first date.
  • TRX is flirting with a breakout as $1M+ whale transactions double – big holders are paying attention (finally).

TRON [TRX] has flipped into buying pressure zone, as if demand finally decided to show up to the party. The 90-day Buy/Sell Pressure Delta is signaling a possible shift, meaning the bulls might just be ready to make their move.

Up until now, things were all meh – a neutral market that couldn’t decide what to do. But this could be the spark for a trend. Fingers crossed, right?

Still, don’t go booking that yacht just yet. This signal alone isn’t a guarantee that bulls will keep charging. Time will tell, and the next few sessions could make or break it.

Is Trader Confidence Enough to Overcome Profit-Taking? Oh, the Drama…

Open Interest shot up by 7.04%, hitting $327.41M, and trading volume spiked a whopping 31% to reach $499M. People are getting ready for the ride. But… surprise, surprise, there’s no crazy enthusiasm yet. No extreme long bias or high funding rates – so conviction is still, shall we say, lukewarm?

But hey, don’t worry, 70.41% of TRX holders are still “in the money,” so at least there’s a little something to smile about. On the flip side, addresses above $0.274 are probably eyeing the door, ready to bail if TRX rallies too high. We’ve got a resistance wall forming – oh joy.

This all makes for a bit of a nervous market. Short-term traders might get cold feet, especially with the potential for a pullback looming. Could this be the calm before the storm? Or just another false alarm? Only time will tell…

Are Strategic Investors Quietly Scooping Up TRX Like It’s the Last Cookie?

Wallet concentration data is showing some subtle, but oh-so-meaningful shifts. Whales are up 0.57% in holdings over 30 days, while long-term investors have added a solid 4.17%. Meanwhile, retail participation is down 3.37%. Short-term traders are packing up and leaving, making room for the seasoned pros to grab the good stuff.

The on-chain data is looking pretty busy too. Transaction activity across all value brackets is up, with transfers in the $1M–$10M range doubling. Even small transactions under $100 are seeing a little bounce. Looks like interest is creeping back – or is it just a brief fling?

But here’s the catch: this demand needs to stick around longer than that one-week fling to turn into something serious. Fingers crossed, because we’re all still waiting for the “real” momentum to kick in.

Can TRX Finally Break Out of Its Multi-Month Rectangle? It’s Been So Long, It’s Almost a Prison!

So, TRX has been stuck in this rectangle pattern (seriously, it’s like a bad relationship) between $0.23 and $0.278 since January. But now, it’s flirting with the upper boundary. RSI is at 66.8 – strong momentum, but getting a little tired, much like me on a Monday morning.

If TRX can close above that $0.278 barrier, it’ll bust out of this sad range and aim for $0.302 or maybe even $0.34 (dreams are free). But if it fails, we might just be stuck with this range forever. Again. Ugh.

Will TRX Build on Momentum or Stall at Resistance? The Big Question of the Hour…

TRX is testing the top of its five-month consolidation range at $0.278. The bulls are showing some strong momentum, and on-chain metrics are looking pretty bullish. If the bulls can break through, we could be looking at a nice rally toward $0.30–$0.34. But if they fail? Well, let’s just say we’ll be back to square one.

RSI is still below extreme levels, and volume is rising. So, at least right now, the market’s leaning toward a bullish breakout. But will it last? Grab your popcorn, because it’s going to be a ride.

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2025-05-23 13:14