TRX is consolidating in the 0.26-0.27 USD support area, with whale holdings increasing by 9.59%, indicating bullish potential.

[Coin World] TRON (TRX) is currently consolidating within the key support range of $0.26 to $0.27, with over 14 billion TRX held in this range, indicating strong long-term holdings. The current price hovers around $0.274, slightly above this support, with minimal resistance ahead. TRX has maintained a bullish trend line since March, with technical indicators such as MACD supporting potential upward momentum. Most holders (75.11%) are in profit, reducing the risk of selling pressure. Whale holdings increased by 9.59%, and the number of long-term investor addresses surged by 38.21%, indicating that large investors are accumulating. The number of new wallets created grew by 32.15%, active addresses increased by 2.68%, and zero-balance addresses decreased by 10.52%, reflecting an enhancement in network utility. Sentiment data shows an initial surge followed by a pullback, suggesting that the market is resetting for a healthier trend. If the trend line holds and market sentiment improves, TRX is expected to rise soon to the range of $0.29 to $0.30.