$TRX

TRX has recently experienced a decline, primarily influenced by significant sell-offs from large holders, commonly referred to as “whales.” Over the past few days, more than 8.27 million TRX, valued at approximately $2 million, were sold, contributing to a price drop of about 2.77% . Additionally, a substantial sell wall of 10.45 billion TRX has been identified, creating a strong resistance level that may suppress upward price momentum .

Despite these challenges, the broader market sentiment remains cautiously optimistic. Analysts suggest that while the current sell-off has impacted prices, the overall market structure still exhibits bullish tendencies, indicating potential for recovery in the near future .

Looking ahead, long-term forecasts for TRX are positive. Some projections estimate that TRX could reach an average price of $2.11 by 2030, representing a significant increase from its current value . However, it’s essential to consider that these predictions are speculative and subject to market volatility.