TRON's Price Surges 2.39% Amid Whale Inflows, Technical Indicators Suggest Bullish Momentum

Coin WorldThursday, May 8, 2025 10:10 am ET
2min read

TRON [TRX] has been making significant strides in the cryptocurrency market, particularly in emerging regions, by facilitating high-volume transactions with minimal infrastructure. Since 2021,

has closely mirrored Ethereum’s [ETH] total USDT supply and is projected to reach $70 billion in USDT by early 2025. This low-cost transaction system has cemented TRON’s role in peer-to-peer trading and cross-border payments.

Despite its success, TRON has seen a slowdown in user growth, with new wallet generation dropping from over 1.2 million daily wallets to less than 600,000 by 2025. This shift indicates a focus on deeper usage and infrastructure development rather than rapid expansion. At the time of reporting, TRON is trading at $0.2504, reflecting a 2.39% increase in the last 24 hours.

Whale activity continues to be a significant factor in TRX’s price behavior. In mid-February 2025, large holder inflows surged, contributing to the price increase. Whale inflows in the past seven days have risen by 99.35%, indicating strong interest in

. However, the 7-day inflow surge outpaced the 40.87% drop in outflows, suggesting that despite short-term fluctuations, the market remains favorable for TRX, with continued institutional interest supporting its price growth.

TRX has been consolidating between $0.2400 and $0.2600, with resistance at $0.2600 and support at $0.2400. This range has held steady for several weeks, indicating market indecision. Key technical indicators suggest that a breakout could be imminent. The MACD was neutral, but a potential bullish crossover was forming, indicating upward momentum. Additionally, the 9-day moving average recently crossed above the 21-day moving average, suggesting short-term bullish potential. A break above $0.2600 could lead to further upside, potentially driving TRX to $0.2700 or higher.

Approximately 85% of TRX holders were “in the money,” with 30 billion TRX currently held by profitable addresses. This reflected strong bullish sentiment in the market. However, the lack of significant “out of the money” addresses suggested that selling pressure could increase as more holders neared their break-even points. As of the 8th of May, TRON’s social dominance was 0.435%, reflecting a steady increase over recent weeks. Social volume was recorded at 24, indicating that while social interest in TRON has been rising, it has remained relatively subdued compared to previous surges. This mild rise in social dominance suggests that growing awareness exists, but has not yet sparked a major surge in discussions or enthusiasm.

TRON’s development activity has fluctuated significantly over the past several months. As of May 2025, the development activity score was 0.405, reflecting a noticeable decline from earlier peaks in February and March 2025 when activity was above 4.5. This drop may raise concerns about the speed of innovation, though the overall trend remained positive. Whale activity, rising social sentiment, and steady development suggest strong potential for upward momentum, especially if TRX can break through the $0.2600 resistance. However, profit-taking and the consolidation phase around key levels suggest that short-term gains may be limited. If TRX can overcome resistance and maintain positive momentum, a breakout could occur. Otherwise, the price may continue trading within its current range until new catalysts emerge to push it higher.