Tron ($TRX )
Since June 22, TRX has been moving in an upward channel, increasing by 24%. By July 29, the altcoin reached a six-month high of $0.35 due to an increase in whale accumulations.
This is confirmed by a more than 2,600% increase in net inflow from large holders over the past month, according to IntoTheBlock.
When large holders begin to actively accumulate coins, it indicates growing confidence and can lead to sustained price growth for TRX if demand remains. In this case, TRX may continue to rise and reach $0.35.
However, if profit-taking begins and demand decreases, the price of the altcoin may drop to $0.29.
