The post TRON holds steady as whale activity soars: Will $0.26 resistance break? appeared on BitcoinEthereumNews.com.

TRX’s slowing user growth contrasts with steady transaction volume, signaling ecosystem maturity. Whale activity and social sentiment suggest rising market interest, supporting TRX’s price movement. TRON [TRX] has rapidly gained traction in emerging markets by enabling high-volume transactions with minimal infrastructure.  Since 2021, it has closely tracked Ethereum’s [ETH] total USDT supply and is expected to reach $70 billion in USDT by early 2025. TRON’s low-cost transaction system has solidified its role in peer-to-peer trading and cross-border payments.  However, new wallet generation has dropped substantially, from over 1.2 million daily wallets to less than 600,000 by 2025.  This shift indicates a focus on deeper usage and infrastructure development rather than rapid expansion. At press time, TRON is trading at $0.2504, reflecting a 2.39% increase in the last 24 hours.  Are large holders dictating Tron’s direction? Whale movements continue to play a key role in shaping TRX’s price behavior. In mid-February 2025, large holder inflows surged, contributing to the price increase. Whale inflows in the past seven days have risen by 99.35%, reflecting strong interest in TRX.  However, the 7-day inflow surge outpaced the 40.87% drop in outflows. This implies that, despite short-term fluctuations, the market remains favorable for TRX, with continued institutional interest supporting its price growth. Source: IntoTheBlock Breaking the range – Will the $0.26 barrier break? TRX was consolidating between $0.2400 and $0.2600 at press time, with resistance at $0.2600 and support at $0.2400. This range has held steady for several weeks, indicating market indecision.  However, key technical indicators suggest that a breakout could be imminent. The MACD was neutral, but a potential bullish crossover was forming, indicating upward momentum.  Additionally, the 9-day moving average recently crossed above the 21-day moving average, suggesting short-term bullish potential. A break above $0.2600 could lead to further upside, potentially driving TRX…

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Filed under: News - @ May 8, 2025 3:27 pm