The slow growth of TRX users contrasts with stable trading volume, indicating the maturation of the ecosystem.
Whale activity and social sentiment suggest increasing market interest, supporting TRX's price volatility.
TRON [TRX] is quickly attracting in emerging markets by enabling high-volume transactions with minimal infrastructure.
Since 2021, TRON has closely followed the total supply of USDT from Ethereum [ETH] and is expected to reach 70 billion USD USDT by early 2025.
TRON's low-cost trading system has reinforced its role in peer-to-peer trading and cross-border payments.
However, the creation of new wallets has plummeted, from over 1.2 million wallets daily to below 600K by 2025.
This shift indicates a focus on deeper usage and infrastructure development rather than rapid expansion. At the time of writing, TRON is trading at 0.2504 USD, up 2.39% in the last 24 hours.
Are large investors shaping the direction of TRX?
Whale activity continues to play a crucial role in shaping TRX's price behavior. In mid-February 2025, inflows from large investors spiked, contributing to the price increase.
Whale inflows over the past seven days have increased by 99.35%, reflecting strong interest in TRX.
However, the increase in inflow over the past seven days exceeds the 40.87% decline in outflow. This implies that despite short-term volatility, the market remains positive for TRX, with institutional interest continuing to support price growth.
Source: IntoTheBlock
Breaking the price range – Will the 0.26 USD resistance be broken?
At the time of writing, TRX is fluctuating in the range of 0.2400 USD to 0.2600 USD, with resistance at 0.2600 USD and support at 0.2400 USD. This range has remained stable over the past few weeks, indicating market hesitation.
However, key technical indicators suggest that a breakout may be imminent. The MACD has been neutral, but a potential bullish crossover is forming, indicating upward momentum.
Additionally, the 9-day moving average has recently crossed above the 21-day moving average, suggesting potential short-term bullishness.
A breakout above 0.2600 USD could propel TRX to 0.2700 USD or higher.
Source: TradingView
Main forces driving TRX
Approximately 85% of TRX holders are 'in profit', with 30 billion TRX currently held in profitable addresses. This reflects strong bullish sentiment in the market.
However, the lack of significant presence of 'under-the-money' addresses suggests that selling pressure could increase as many investors approach the breakeven point.
As of May 8, TRX's social dominance is 0.435%, reflecting a steady increase in recent weeks.
Source: IntoTheBlock
However, social volume only reached 24, indicating that while interest in TRON is increasing, it is still quite subdued compared to previous spikes.
The slight increase in this social dominance indicates a growing awareness, but not enough to trigger a strong increase in discussion and excitement.
Development activity – Is TRON developing fast enough?
TRON's development activity has fluctuated significantly over the past few months.
As of May 2025, the development activity score is 0.405, reflecting a significant decline from the peak in February and March 2025 when activity surpassed 4.5.
This decline may raise concerns about the pace of innovation; however, the overall trend remains positive.
Source: Santiment
Whale activity, increasing social signals, and stable development indicate strong potential for upward momentum, especially if TRX can break through the 0.2600 USD resistance level.
However, profit-taking and accumulation phases around key levels suggest that short-term profits could be limited. If TRX can break through the resistance and maintain positive momentum, a breakout may occur.
Otherwise, the price may continue to trade within the current range until new driving factors emerge to push the price higher.
Source: https://tintucbitcoin.com/tron-on-dinh-giua-lan-song-ca-voi-khang-cu-026-usd-co-bi-pha/
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