- Daily transactions surged by 95% as whales accumulate, and most holders stay in profit.
- Bullish sentiment spiked while short liquidations rose near key breakout resistance.
TRON [TRX] has recorded a significant uptick in on-chain activity, with its 30-day Moving Average of daily transactions soaring from approximately 4.3 million to 8.4 million—a 95% increase.
This rise signals heightened usage across decentralized applications and stablecoin transactions on the network.
The increase comes amid broader market attention on scalable, low-fee blockchains. At the time of writing, TRX traded at $0.2715, down 0.47% in the last 24 hours.
Despite this minor dip, the sustained spike in network throughput may indicate growing relevance and utility for TRON in the current crypto cycle.
Whales are buying, and holders are winning
Whale behavior reflects growing confidence, with large holder inflows rising 714.54% over the past thirty days. In contrast, outflows declined by 26.32% in the last week, reducing distribution pressure on the asset.
This divergence suggests that major investors are accumulating rather than exiting.
Notably, inflows have frequently spiked above 1 billion TRX, showing consistent whale interest even during minor price retracements.
Source: IntoTheBlock
According to on-chain data, 86.99% of TRX holders are “in the money” at the current price of $0.2715, while just 9.94% are underwater. This distribution reflects a strong holder base with reduced incentive to sell at current levels.
Additionally, only 3.07% of addresses are at breakeven, meaning most participants have some cushion to withstand volatility.
Consequently, this setup reduces the risk of mass profit-taking, especially during mild corrections.
Tron forms a bullish pennant flag pattern
Technically, TRX is consolidating within a pennant flag structure, with price compressing between $0.2673 support and $0.2752 resistance. This setup follows a sharp rally and typically signals continuation upon breakout.
The price has already bounced off the lower boundary, indicating bullish interest at support. At the time of writing, TRX was trading near $0.2715, maintaining a tight range.
Therefore, a decisive move above $0.2752 could trigger further upside momentum, especially if accompanied by volume.
Conversely, failure to hold above $0.2673 may delay the breakout and invite short-term retracement.
Source: TradingView
Bullish sentiment and short squeezes: Is TRX pressure building for a breakout?
At press time, TRX’s weighted sentiment soared to 2.30, marking its highest level in weeks. This spike represents a sharp increase in positive commentary across social platforms, suggesting growing optimism among retail and institutional traders.
Notably, sentiment had been volatile throughout March and April, but now appears to lean decisively bullish.
Therefore, if this positive tone sustains, it could fuel speculative demand and support a technical breakout.
Source: Santiment
TRX’s liquidation data reveals mild but notable short-side pressure. On the 21st of May, short liquidations totaled $11.1K versus $4.65K in longs, hinting at failed bearish positions as price tested upper range levels.
While these numbers remain relatively modest compared to past spikes, the imbalance still underscores a tilt toward bullish momentum. If TRX breaks above $0.2752, further short squeezes could accelerate the upside move.
Can TRX extend its rally beyond the pennant breakout?
TRON’s bullish fundamentals—ranging from explosive on-chain activity and whale accumulation to overwhelmingly profitable holders and heightened sentiment—paint a compelling picture.
Combined with a bullish pennant structure and mild short liquidation signals, TRX appears poised for a potential breakout.
However, the price must clear the $0.2752 resistance to validate this move. Until then, consolidation may continue, but all signs point to growing momentum favoring bulls.
