TRX: The Whales Are InโIs a Bullish Wave Coming?๐
Technical Analysis of TRX/USDT:
$TRX has caught the attention of whales with significant buying inflows of $13.4M in the last 15 minutes. The RSI (6) is approaching 71, signaling bullish momentum. With consistent volume spikes and a rising MA (7), TRX is showing signs of a potential breakout.
5 Bullish Targets for TRX:
1. $0.30 - Immediate resistance zone.
2. $0.34 - Strong Fibonacci retracement level.
3. $0.38 - Next major psychological barrier.
4. $0.42 - Testing historical highs from earlier this quarter.
5. $0.45 - Breakout to all-time highs.
Insights:
โข Why the Surge? With whales accumulating and TRX maintaining its 10th rank globally, its market cap of $23.3B and growing dominance at 0.668% indicate strong institutional interest.
โข Utility Focus: Tronโs continued focus on decentralized finance (DeFi) and NFTs ensures its relevance and long-term growth.
โข News Updates: The Tron DAO announced new ecosystem partnerships, increasing its user base and DeFi TVL.
๐ DYOR and monitor TRX as it continues its march toward major milestones. Are we ready for the next wave? ๐
