Tron (TRX) Price Holds Steady Amid Decline in Whale Activity and Bullish Indicators
The post Tron (TRX) Price Holds Steady Amid Decline in Whale Activity and Bullish Indicators appeared on BitcoinEthereumNews.com.
Tron (TRX) is making waves in the crypto market, showcasing a price increase amid notable declines in whale transactions. Key indicators reveal a mixed sentiment, with rising prices juxtaposed against decreased whale activity, suggesting changes in investor behavior. “The recent shift in whale transactions is pivotal,” stated a CryptoQuant analyst, emphasizing the importance of market trends. Tron (TRX) price climbs amid declining whale transactions, suggesting shifts in market dynamics and potential for ongoing retail interest. Whale activity slows even as price holds firm Source: CryptoQuant In fact, whale transactions fell from a peak of 1,060 to just 346 at press time. On top of that, the Average Whale Transaction Size slid from 2.4 billion TRX to 561 million, hinting at either reduced conviction or active profit-taking. This shift isn’t subtle. According to IntoTheBlock, whales sold 231 million TRX in the past day, while only 194 million were accumulated. That left a negative Whale Netflow of -36.8 million TRX, marking a clear tilt toward bearish behavior. Source: IntoTheBlock Although whale activity has cooled down with some starting to take profit, TRX price has continued to climb, reaching $0.2739, at the time of writing. This is a sign that retail or smaller investors might be absorbing the supply. While whales step back, it opens the door for new market participants to lead the next move. All eyes on the golden cross Tron is experiencing a decline in whale activity despite rising prices. This divergence often indicates a transitional phase in market structure. While whales are stepping back, market participants remain optimistic. CryptoQuant’s analyst Burak Kesmeci is one of those who see potential with TRX. Inasmuch, he’s still eyeing a sustained uptrend, citing SMA50 and SMA100. Source: CryptoQuant According to Kesmeci, TRX price movements through 2025 across three major moving averages indicate a…
Filed under: News - @ May 18, 2025 9:19 pm