Recent data indicates that whale activities on the Tron platform and the upcoming launch of BlockDAG are influencing market trends. Meanwhile, the PEPE chart shows signs of weakness.
Whale Activity Strengthens Tron (TRX) Price Outlook
Data indicates that whale activity on Tron supports a positive price outlook for TRX. Large market participants are accumulating TRX, which helps mitigate selling risks. Exchange outflows suggest a preference for holding assets, while liquidity around $0.295–$0.30 could hint at a potential short-term upward push. Increased transactions and network stability bolster current price levels; however, traders should be alert to possible pullbacks.
PEPE Chart Analysis Shows Bearish Patterns
PEPE chart analysis indicates a bearish flag forming near the significant support level at $0.0000090. This trend has persisted for weeks alongside declining trading volumes and reduced buying activity, reflecting weak confidence in an upward breakout. The PEPE price is also below its 50-day EMA, with RSI near 45, pointing to a neutral-to-bearish trend. Short positions dominate, and if support does not hold, projections indicate a price drop of up to 37%.
Upcoming Global Launch of BlockDAG
The BlockDAG global launch set for August 11 will mark the end of its special $0.0016 price offer. The project has confirmed listings on 20 exchanges and raised more than $336 million, generating significant market anticipation. The presale has made notable progress, with over 23.7 billion BDAG coins purchased, providing substantial gains for early investors. The expanding user base, including over 2 million miners, supports the project's growing market presence.
In conclusion, Tron’s outlook remains positive due to whale activity and strong network performance, although resistance could limit gains. Meanwhile, PEPE shows bearish signals that warrant caution. The upcoming BlockDAG launch is poised to bring significant changes and attention to the crypto market.
