TRON [TRX] price surge imminent? – These KEY signs say yes
The post TRON [TRX] price surge imminent? – These KEY signs say yes appeared on BitcoinEthereumNews.com.
The TRX accumulation during the price uptrend over the past month was a bullish sign. The liquidity heatmap hinted that a rally in the coming days was highly likely. It was recently reported that TRON’s [TRX] daily transaction count doubled from September 2023, increasing from a sub-5 million count to reach 9 million. The network revenue was boosted as a consequence. Whale accumulation and social media engagement also contributed to the bullishness behind the token. Source: IntoTheBlock Data from IntoTheBlock showed that 98% of holders were in the money. The Global In/Out of the Money showed a paltry 4.48 billion TRX were purchased in the $0.288-$0.455 price range. It was paltry in comparison to the 28.39 billion TRX, worth $7.4 billion, that was purchased in the $0.243-$0.28 range. This meant that the $0.24-$0.28 was a strong demand zone, and the selling pressure overhead might not be very high. Profit-taking activity could be a threat, but buyers had the upper hand overall. Proof of TRX seller exhaustion Source: Glassnode The Exchange Net Position Change tracks the 30-day shift in the amount of TRX held in exchange wallets. A positive reading, like those seen in March and late May—indicates token inflows to exchanges, typically suggesting increased selling pressure. Over the past month, however, the metric has turned negative. This points to TRX being withdrawn from exchanges, signaling accumulation. Notably, this trend has coincided with a gradual upward movement in TRON’s price, which is generally considered a bullish indicator. A similar pattern of accumulation occurred in October 2024, just before a strong rally in November and December. This historical parallel gives investors reason to be optimistic about the potential for another breakout. That said, TRON has been trading within a range since May. The upper boundary of this range, at $0.2945, remains…
Filed under: News - @ July 6, 2025 1:08 am