TRX Price on the Verge of an Explosive Breakout as Whale Action Spikes Bullish Pressure

Tron's native token, TRX, is on the brink of an explosive breakout as whale action spikes bullish pressure throughout the market.

Tron’s native token, TRX, is on the brink of an explosive breakout as whale activity spikes bullish pressure throughout the market.

The coin has been trading between $0.22 and $0.25 for the past month. TRX is now breaking into a critical resistance and trades at $0.2414, gaining 5.06% in the last 24 hours.

Even more dramatically, trading volume has exploded by 26%, reaching $1 billion, which indicates a stampede of investor interest from whales and retail traders.

Large investors are buying up TRX aggressively, and this is fueling price movements. Statistics from IntoTheBlock indicate that large transactions surged 87.6% over one day, from 243 to 456.

Even more eye-catching, whale wallets have bought a staggering 2.13 billion TRX in the past 7 days, a mind-blowing 1378.8% spike. This surge in whales indicates their belief in TRX’s potential for growth, which contributes to more buying pressure.

The coming days are crucial for TRX’s future price. If it manages to break above $0.25, it could gain even more strength and push toward $0.28.

However, if it fails to sustain above $0.25 and the price drops again, it could signal a reversal of the current uptrend.

If we look at the broader picture, big investors (whales) are pouring money into the Tron network, generating strong buying pressure that propels TRX’s price upward.

The key turning point will be staying above the $0.25 price point. As long as TRX remains above $0.25, additional traders may be inclined to join, ultimately leading to a further rise in the price.

However, if TRX cannot sustain itself above the $0.25 mark and the price drops again, it could signal a reversal of the current uptrend. In such a scenario, the positive trend may falter, and the price may sink to $0.20, marking a probable downtrend as traders begin selling.

With whales purchasing more TRX than ever before and trading volume surging, the price is at a pivotal juncture. If demand persists, TRX may commence a substantial rally.

But if it cannot sustain a move above major resistance, the price may drop instead.