In the cryptocurrency market, Tron (TRX) shows positive prospects due to whale activity, while PEPE faces the threat of weak support. Additionally, the upcoming global launch of BlockDAG is generating attention.
Bullish Outlook for Tron (TRX) Driven by Whale Activity
Recent on-chain data indicates that the price outlook for Tron (TRX) remains positive as large holders continue to increase their stacks. Many whales are holding TRX at profitable levels, decreasing the likelihood of sudden market exits. The outflow of TRX from exchanges suggests a shift towards long-term holding.
Charts reveal strong liquidity and resistance levels between $0.295 and $0.30, areas that may be tested soon. Rising network transactions and active addresses provide further support to its current price floor.
PEPE Chart Analysis: Vulnerability at Support Levels
Recent PEPE chart analysis shows a bearish flag near its $0.0000090 support. This structure has persisted for weeks, with decreasing trading volume and fading buying interest. PEPE remains below its 50-day EMA, and its RSI at 45 indicates a neutral to bearish trend.
Other market data also leans bearish, with most positions favoring shorts. The long/short ratio under 1 reinforces this weak outlook. If the $0.0000090 support fails, technical models predict a further 37% decline.
BlockDAG’s Global Launch to End $0.0016 Price Window Soon
Excitement builds as BlockDAG prepares for its GLOBAL LAUNCH on August 11, which will close the rare $0.0016 pricing offer. The platform has already secured over $336 million in presale funding and sold 23.8 billion coins. As the launch approaches, listings on 20 exchanges, including MEXC and LBANK, are anticipated.
The community is also experiencing rapid growth, with over 200,000 unique holders and more than 2 million users confirmed on the X1 Miner App.
Market watchers remain vigilant as Tron (TRX) maintains its bullish setup supported by whale activity. Meanwhile, PEPE faces risks from its weak support levels. The upcoming global launch of BlockDAG is expected to be a significant event, already attracting a growing community and market interest.
