TRON (TRX) Eyes Breakout as Transaction Count Doubles and Whales AccumulateTRON (TRX) Surges on Whale Accumulation, Transaction Spike — Is a Breakout Toward $0.30 Imminent?
TRON (TRX) is flashing strong bullish signals, with daily transactions doubling since September 2023 and 98% of holders in profit, per IntoTheBlock data. Network activity, whale accumulation, and on-chain metrics suggest a potential breakout—but overhead liquidity clusters could bring a sharp reversal.
Daily Transactions Hit 9 Million — Revenue Surges
TRON's daily transaction count surged from under 5 million to 9 million, representing an 80%+ increase in on-chain activity since Q3 2023. This has directly boosted network revenue, as more user activity translates into increased fees—reinforcing a bullish network fundamental.
Whale Accumulation and “In The Money” Stats Show Strong Support
According to IntoTheBlock, a staggering 98% of TRX holders are in profit, and 28.39 billion TRX was bought in the $0.243–$0.28 zone—forming a robust demand base worth $7.4 billion.
In contrast, only 4.48 billion TRX were purchased between $0.288 and $0.455, suggesting relatively low overhead resistance.
Key takeaway: The $0.24–$0.28 area serves as a solid accumulation zone, with limited risk of major sell-side pressure above.
Exchange Outflows Confirm Accumulation Phase
Glassnode’s Exchange Net Position Change turned negative over the last month, indicating that TRX is being pulled off exchanges—a classic sign of accumulation. This aligns with historical patterns from October 2024, which preceded a major rally in November and December.
This off-exchange movement suggests investors are preparing for long-term holding, not short-term selling.
TRX Faces Key Resistance at $0.2945 — But a Liquidity Hunt May Follow
Despite the bullish setup, TRX remains in a range that’s held since May. The upper bound lies near $0.2945, which coincides with the next critical test for bulls.
According to CoinGlass’ liquidation heatmap, there are two major liquidity pockets above current price:
-
$0.29
-
$0.295–$0.30
These are magnetic zones—areas where a large number of leveraged positions could trigger liquidations, drawing price toward them. Once these zones are tagged, a sharp reversal could follow as overleveraged longs get flushed out.
Trading Strategy: Long the Rally, Exit Near $0.30
Traders can consider two high-probability setups:
Strategy 1: Range Play
-
Enter long in the $0.27–$0.28 demand zone
-
Exit around $0.295–$0.30 (liquidity zone / range highs)
-
Stop-loss below $0.26 for protection
Strategy 2: Breakout & Retest
-
Wait for clear breakout above $0.30
-
Enter on retest of $0.30 as support
-
Target higher extension levels (e.g., $0.325)
-
Maintain tight stop in case of a failed breakout
TL;DR – What to Watch
Daily Transactions | Doubled to 9M — Bullish |
Exchange Netflow | Negative — Accumulation |
98% Holders in Profit | Strong Support |
Resistance | $0.2945 (range high) |
Liquidity Clusters | $0.29 and $0.295–$0.30 |
Key Risk | Profit-taking + Long liquidations post-rally |
Conclusion
TRON (TRX) is primed for a move higher, driven by network strength, whale demand, and seller exhaustion. But traders should stay alert near $0.30, where liquidation traps and long squeezes could reverse gains quickly. A breakout and retest of $0.30 would mark the true signal for continuation toward higher targets.
Svetlana Petkova publication: "TRON (TRX) Eyes Breakout as Transactions Double" was written for 24crypto.newsNews from today
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