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Tron (TRX) is making waves in the crypto market, showcasing a price increase amid notable declines in whale transactions.
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Key indicators reveal a mixed sentiment, with rising prices juxtaposed against decreased whale activity, suggesting changes in investor behavior.
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“The recent shift in whale transactions is pivotal,” stated a CryptoQuant analyst, emphasizing the importance of market trends.
Tron (TRX) price climbs amid declining whale transactions, suggesting shifts in market dynamics and potential for ongoing retail interest.
Whale activity slows even as price holds firm
Source: CryptoQuant
In fact, whale transactions fell from a peak of 1,060 to just 346 at press time.
On top of that, the Average Whale Transaction Size slid from 2.4 billion TRX to 561 million, hinting at either reduced conviction or active profit-taking.
This shift isn’t subtle.
According to IntoTheBlock, whales sold 231 million TRX in the past day, while only 194 million were accumulated.
That left a negative Whale Netflow of -36.8 million TRX, marking a clear tilt toward bearish behavior.
Source: IntoTheBlock
Although whale activity has cooled down with some starting to take profit, TRX price has continued to climb, reaching $0.2739, at the time of writing.
This is a sign that retail or smaller investors might be absorbing the supply. While whales step back, it opens the door for new market participants to lead the next move.
All eyes on the golden cross
Tron is experiencing a decline in whale activity despite rising prices. This divergence often indicates a transitional phase in market structure.
While whales are stepping back, market participants remain optimistic.
CryptoQuant’s analyst Burak Kesmeci is one of those who see potential with TRX. Inasmuch, he’s still eyeing a sustained uptrend, citing SMA50 and SMA100.
Source: CryptoQuant
According to Kesmeci, TRX price movements through 2025 across three major moving averages indicate a positive trend reversal signal.
As of the 5th of May, SMA50 crossed SMA100 upwards, signaling a “golden cross”. Following this intersection, TRX rose by approximately 11%, reaching $0.28.
Thus, TRX is still holding above $0.27. This implies that prices are above SMA50, signaling more balanced market involvement across all players.
Therefore, if the TRX price continues to stay above SMA50, the upward momentum is expected to strengthen.
What’s next for TRX?
If Tron maintains its upward momentum, it could break past the $0.28 resistance level and advance toward $0.30.
Meanwhile, the close alignment of the SMA100 and SMA200 suggests that $0.23 serves as a strong support level. As long as TRX stays above this threshold, the bullish outlook remains intact.
Additionally, the recent slowdown in whale activity does not weaken the network. Instead, it may signal a healthier distribution of market participation, potentially setting the stage for continued growth.
Conclusion
The current landscape for Tron indicates a resilient price movement despite declining whale participation. Traders and investors alike should monitor upcoming price actions, especially as retail investor interest potentially increases if the upward trend continues towards established resistance levels.
