TRX trend analysis on August 17, 2025

$TRX Recent price trends show a fluctuating upward trend, with market sentiment leaning cautiously optimistic. Below is the trend analysis based on the latest data:

1. Short-term price fluctuations and key support/resistance levels

- Current price: TRX is hovering around $0.36, with short-term support at $0.35 (50-day moving average); if it breaks below, it may test $0.32 (200-day moving average).

- Resistance level: $0.37-$0.38 is the key resistance area, breaking through may test the psychological barrier of $0.40.

- Technical pattern: The 4-hour chart shows an ascending wedge structure; if it stabilizes above $0.36, the uptrend may continue.

2. Market sentiment and capital flow

- Institutional interest: TRX has recently seen increased institutional holdings, with inflows from ETFs like BlackRock supporting the price.

- Whale activity: Large TRX inflows surged by 1269%, indicating that big funds are accumulating at low prices.

- Derivative data: Futures open interest reached $610 million, setting a new historical high, reflecting bullish market sentiment.

3. On-chain fundamentals and ecological development

- Trading activity: TRON network's daily trading volume exceeded 10 million, with stablecoin settlement accounting for over 60%.

- Staking and supply: 60% of the circulating supply is locked, reducing market selling pressure.

- Technical upgrade: Alpenglow upgrade is expected to increase TPS to 2000+, enhancing network efficiency.

4. External influencing factors

- Macroeconomic policy: The Federal Reserve may cut interest rates in September, which could boost risk assets if implemented.

- Regulatory dynamics: Uncertainty regarding SEC's regulation of TRX still exists, requiring close attention.

5. Suggested trading strategy

- Short-term: If it stabilizes above $0.36, a small position can be taken long, targeting $0.38; if it breaks below $0.35, watch or short to $0.32.

- Medium to long-term: After breaking $0.40, $0.45-$0.50 becomes a potential target, but beware of the risk of $0.30 support failing.

(Ideal entry price $0.20-$0.25, buying a bit for staking is also quite good.)