TRON’s native token, $TRX faced downward pressure recently, shedding 2.7% of its value over the last 24 hours. This price dip comes amid noticeable on-chain activity, particularly from large wallet holders (whales), who have been trimming their TRX holdings—a move that raises questions about near-term price stability and future trajectories.

Whale Movements Spark Concern

According to on-chain analytics platforms, there has been a spike in TRX transfers exceeding $100K, signaling that whales are actively offloading a portion of their bags. This kind of activity often correlates with short-term bearish sentiment, as large sell-offs can trigger panic among retail investors and increase sell pressure on the token.

Moreover, some TRX whale addresses that had been dormant for months have suddenly become active, suggesting strategic repositioning in anticipation of broader market shifts.

Technical Outlook: Support and Resistance Levels

With the recent drop, $TRX is trading around the $0.113–$0.114 range. This zone has acted as a soft support level in recent weeks. A decisive breakdown below this could expose TRX to the next support at $0.108, while a rebound might face resistance near the $0.118–$0.120 range.

Key levels to watch:

Immediate Support: $0.113

Next Major Support: $0.108

Immediate Resistance: $0.118

Breakout Target: $0.125

Technical indicators like the RSI and MACD suggest growing bearish momentum, though oversold conditions may prompt a short-term relief rally.

Fundamentals Still Intact?

Despite the short-term pressure, TRON’s fundamentals remain relatively strong. The network continues to boast high throughput and low fees, with stablecoin activity (especially USDT on TRON) remaining robust. However, macro market trends and Bitcoin’s dominance are playing a stronger role in dictating altcoin performance at this stage.

Conclusion

TRX’s recent 2.7% drop and associated whale activity suggest caution in the short term. However, for long-term holders, the fundamentals remain a key consideration. Whether $TRX will break below support or mount a recovery depends largely on broader market sentiment and whether retail confidence can hold in the face of whale exits.

Disclaimer: This is not financial advice. Always do your own research before making investment decisions.