TRX stands at the brink of potential growth driven by increased activity from large investors and overall market interest. Recently, the token approaches critical resistance levels.
Current Status of TRX
Over the past month, TRX has been trading between $0.22 and $0.25 and is now nearing crucial resistance, trading at $0.2414, gaining 5.06% in the last 24 hours.
Increase in Whale Activity and Trading Volumes
TRX's trading volume has exploded by 26% to reach $1 billion. Interest in the token has surged among whales and retail investors alike, with large transactions increasing by 87.6% in a single day.
Future Prospects for TRX
If TRX can break above $0.25, it may gain further strength toward $0.28. However, it is crucial to maintain above $0.25 to avoid a negative scenario that might lead to a price drop to $0.20.
TRX is at a pivotal stage where its price could either successfully rally further or revert to lower levels if the current momentum is not sustained.
