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TRON’s native token, TRX, is defending its crucial $0.27 support level as whale accumulation intensifies and on-chain address activity shows signs of recovery.
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Key metrics such as cost basis concentration, trendline adherence, and profit distribution underscore a sustained bullish setup for TRX in the mid-term.
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According to COINOTAG sources, the convergence of rising whale holdings and expanding network utility signals a robust foundation for potential upward price momentum.
TRX holds firm above $0.27 with growing whale accumulation and active addresses, signaling a bullish outlook supported by strong cost basis and improving sentiment.
TRX Consolidates Above Key Support Amid Whale Accumulation and Technical Strength
TRON’s TRX token is currently consolidating near a critical support zone between $0.26 and $0.27, where over 14 billion tokens are held according to Glassnode’s cost basis heatmap. This cluster represents a significant long-term accumulation area, providing a solid foundation against downside risks. At press time, TRX was trading slightly above this range at $0.274, facing minimal resistance in the immediate term.
The token’s price action remains supported by an ascending trendline established since March, which has consistently acted as dynamic support. Technical indicators such as the MACD are beginning to show bullish crossover signals, suggesting a potential resumption of upward momentum. Maintaining this trendline is crucial for TRX to challenge the next resistance zone near $0.30.
Source: Glassnode
Profitability Distribution Reduces Immediate Sell Pressure
Data from IntoTheBlock reveals that approximately 75.11% of TRX holders are currently in profit, holding a combined 70.47 billion tokens. Another 13.66% of wallets are at breakeven, concentrated within the $0.267 to $0.275 price range. Only 11.23% of holders face unrealized losses, indicating a low likelihood of panic selling in the near term.
This favorable profitability distribution supports a stable price floor, as most investors have little incentive to liquidate their positions. Such conditions often precede sustained accumulation phases, especially when combined with technical support and positive on-chain activity.
Source: IntoTheBlock
Whale and Long-Term Investor Accumulation Signals Confidence
Recent on-chain metrics highlight a notable increase in TRX holdings by whales and long-term investors. Whale addresses have expanded their positions by nearly 9.59% over the past several days, while long-term investor wallets surged by an impressive 38.21%. In contrast, retail wallet growth was more modest at 4.10%, underscoring the dominant role of institutional and large-scale participants in current accumulation trends.
This pattern of selective accumulation by larger entities often precedes significant price appreciation, as it reflects confidence in the asset’s fundamentals and technical outlook. Should this trend continue, TRX could be poised for a stronger rally once broader market conditions align.
Source: IntoTheBlock
Expanding Network Activity Reinforces TRON’s Growing Utility
TRON’s network fundamentals show encouraging signs, with new wallet creation rising by 32.15% over the past week and active addresses increasing by 2.68%. Simultaneously, zero-balance addresses have decreased by 10.52%, indicating improved user retention and more meaningful engagement within the ecosystem.
This growth in network activity supports the thesis of expanding utility and adoption, which often correlates with positive price dynamics. As the user base broadens and on-chain interactions increase, TRX’s intrinsic value proposition strengthens, potentially attracting further investor interest.
Source: IntoTheBlock
Sentiment Volatility Suggests Market Reset Before Next Move
Sentiment analysis from Santiment reveals a sharp spike in TRX’s weighted sentiment index above 7.5, followed by a rapid correction to negative territory near −0.3. This pattern reflects a brief surge of speculative enthusiasm that quickly normalized, a common occurrence before consolidation phases.
The cooling off of sentiment may serve as a healthy reset, reducing the risk of overextended positioning. If positive sentiment gradually returns in alignment with technical support levels, TRX could regain upward momentum with a lower risk profile.
Source: Santiment
Conclusion
TRX is currently positioned above a critical support cluster, bolstered by strong whale accumulation, favorable profitability distribution, and expanding network activity. The token’s adherence to a long-standing ascending trendline and improving technical indicators suggest a potential bullish continuation toward the $0.29–$0.30 resistance zone.
While sentiment has experienced volatility, the recent correction may provide a healthier foundation for renewed optimism. Investors should monitor key technical levels and on-chain metrics closely, as these will likely dictate TRX’s trajectory in the coming sessions.
For traders and holders alike, maintaining awareness of whale behavior and network growth will be essential to capitalize on TRX’s evolving market dynamics.
