Over the past week, the price of TRON (TRX) has shown significant growth. Analysts are closely monitoring the activity of major investors, which may suggest a potential continuation of this trend.
TRON Whales: Activity and Purchases
According to IntoTheBlock data, large investor activity in the TRON network has significantly increased over the last 24 hours, with a 458% surge in the past week. This indicates that substantial market players anticipate further price increases.
Short and Medium-Term Price Targets for TRON
TRON price analysis identifies resistance levels at $0.228 and $0.288, with the main resistance at $0.462. The price is projected to increase by 800%, reaching $1.68. Support levels are at $0.181 and a stronger support at $0.044.
Current Market Conditions and Analysis
The 46% decrease in trading volume over the last 24 hours indicates that participants are starting to take profits, leading to slower market movements, but significant token purchases may help break current resistance levels.
Continued activity from major investors suggests potential price growth for TRON. Monitoring existing market conditions and analysis could aid in making strategic decisions.
