TRX Shows 31% Volume Surge, Whales Accumulate 4.17%

TRON [TRX] has recently shown signs of renewed buying pressure, as indicated by the 90-day Buy/Sell Pressure Delta. This shift suggests a potential change in market sentiment, with demand beginning to outpace supply. Historically, such transitions have preceded trend formation phases, but this signal alone does not confirm sustained momentum. The next few trading sessions will be crucial in determining whether bulls can maintain this momentum.

Derivatives volume has climbed, with open interest increasing by 7.04% to $327.41M and trading volume surging over 31% to reach $499M. This spike in derivatives activity suggests that more traders are positioning themselves in anticipation of volatility. However, this rise has not yet been accompanied by an overwhelming long bias or high funding rates, indicating that conviction remains moderate.

IntoTheBlock data reveals that 70.41% of TRX holders remain “in the money,” reinforcing the bullish structure. However, addresses above $0.274 are likely to exit on rallies, forming a resistance wall that could limit upside in the near term. These potential resistance zones may cause hesitation among short-term participants, increasing the odds of a pullback despite current profit levels offering some buffer.

Wallet concentration data shows subtle but meaningful shifts. Whales have increased holdings by 0.57% over 30 days, while long-term investors added 4.17%. In contrast, retail participation dropped by 3.37%, suggesting that short-term players are exiting. This divergence often reflects growing confidence among seasoned holders while speculative interest retreats. On-chain data shows transaction activity rising across all brackets, especially in higher-value bands. Transfers in the $1M–$10M range doubled, while segments from $100K to $1M grew over 30%. Even small transactions under $100 gained modestly, suggesting renewed interest across the spectrum. These spikes highlight increased engagement and possible accumulation. However, this demand needs to sustain over multiple sessions to translate into strong upward momentum.

Technically, TRX has been locked in a rectangle pattern between $0.23 and $0.278 since January. The recent move toward the upper boundary at $0.278 coincides with an RSI reading around 66.8, signaling strong momentum but also nearing short-term exhaustion. A confirmed close above this resistance would invalidate the sideways structure and open the path toward $0.302 and potentially $0.34 based on Fibonacci extensions. However, failure to break above could result in another rejection and continuation of the range.

TRX is currently testing the top of its five-month consolidation range at $0.278, supported by strong momentum and bullish on-chain metrics. If bulls manage a decisive breakout above this level, the asset could rally toward the $0.30–$0.34 zone. However, another rejection would signal continued range-bound trading. With RSI still below extreme levels and volume rising, conditions currently favor a bullish breakout over a return to the lower consolidation band.