TRX Consolidates Above Key Support, Whale Holdings Rise 9.5%

TRON’s native currency, TRX, is showing signs of strength as it consolidates just above a significant accumulation zone, indicating a potential bullish continuation if current conditions persist. The token is currently trading at around $0.274, slightly above a crucial on-chain support cluster ranging from $0.26 to $0.27. This range holds over 14 billion TRX, marking one of the most important support clusters in the new cycle. The accumulation in this range reflects long-term investor confidence and serves as a psychological and structural benchmark for the token.

TRX has maintained its position above an important trendline established since March, providing additional technical support. Despite minor adjustments in recent sessions, the token continues to respect its upward trendline, which has acted as dynamic support. This sustained uptrend, combined with consistent support at Fibonacci levels of $0.27 and $0.28, supports the bullish setup. The MACD indicator is also displaying a crossover, suggesting a potential return of uptrend momentum. If the price action remains above the trendline, bulls may target the $0.30 resistance in the short to midterm.

According to on-chain data, more than 75% of TRX holders are currently profitable, with only about 11% in loss and the rest at breakeven. This profitability breakdown is significant as it reduces selling pressure, making panic-selling or severe breakdowns less likely. With the TRX price trading above the cost-basis cluster, the likelihood of future rallies is enhanced.

In the past few days, TRX has seen a 9.5% rise in whale holdings, indicating renewed interest from large-scale entities. Long-term holder addresses have surged by more than 38%, while retail wallet increases have been modest at over 4%. This discrepancy suggests that institutional or large-scale investors are leading the current phase of stealth accumulation, which often precedes price appreciation when supportive technical and macro conditions align.

TRON’s network activity also shows positive signs. New wallet creations increased by over 30% last week, while active addresses saw a lesser but significant increase. A decline in zero-balance addresses indicates improved user retention and utility. These trends show that new users are not only joining the TRON network but are also actively using its services, whether through staking, DeFi activity, or participation in the network.

Sentiment analysis indicates that market sentiment recently peaked, followed by an abrupt pullback. While extreme sentiment can create volatility, this reset could be healthy for TRX, avoiding an overheated rally and paving the way for more sustainable price action. With market enthusiasm now cooled, a steady return of positive sentiment, combined with technical support and accumulation, could fuel the next leg higher.

Given its position above key support and strong cost basis, TRX is well-positioned to continue higher. Support from long-term holders, increasing whale exposure, and strengthening network fundamentals are all positive factors. If the uptrend line remains intact and general sentiment continues to improve, a shift towards the $0.29–$0.30 range is possible in the upcoming sessions. However, any persistent breakdown below $0.26 would negate the setup and shift attention back to lower levels of support.

TRON’s current outlook suggests a mature network with increasing investor confidence. From on-chain metrics to technical indicators, the pieces are aligning for potential upswings. However, confirmation will depend on whether key levels are respected and larger market conditions remain favorable.