TRON (TRX) is currently trading at $0.262815, down 3.37% in the past 24 hours. While the broader crypto market saw a 2.84% decline, TRX underperformed slightly. It also dropped 3.43% against Bitcoin, despite maintaining a bullish outlook overall. This has led many investors to reassess their TRX price prediction in the short term.
Steady Growth Over Time
Despite the recent dip, TRON has been trending upward. In the last 30 days, TRX gained 8.95%. Over the past three months, it rose by 10.27%, and in the past year, the price has more than doubled—up 114.32%.
Key technical indicators show a healthy setup:
-
The 100-day and 200-day Simple Moving Averages (SMA) are converging around $0.23, forming a strong support zone.
-
As long as TRX stays above the 50-day SMA, traders may expect the uptrend to continue.
Also Read: Chiliz Price Prediction 2025, 2026 - 2030
Whale Activity and Market Timing
TRON’s blockchain data shows large USDT transfers—above $1 million—occur most between 07:00 and 15:00 UTC. These hours align with European and U.S. market openings, pointing to heavy activity from institutions and market makers.
-
Whale transactions surged after the golden cross in early May.
-
Recently, whale activity has slowed, while retail traders appear more active—possibly supporting TRX’s continued rise.
Possible Correction Ahead
TRX is nearing overbought conditions, suggesting a short-term pullback may occur. Traders are closely watching the $0.25 support level. A bounce from this point could signal stability, while a drop below $0.24 might trigger a deeper correction.
In summary, TRON remains strong in the long term. However, current signals suggest caution in the short term. Watching price levels, trading hours, and whale activity can help traders better navigate the next move.
Comments
0 comment