TRON (TRX) is Poised for Bullish Breakout
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TRON (TRX) is Poised for Bullish Breakout Amid Strong Whale Activity

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Azeez Mustapha

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TRON (TRX) is poised for a potential bullish trend, driven by several market factors. The funding rates for TRX recently surged to 0.012% after a brief dip, reflecting renewed trader optimism. Despite historical price corrections during similar periods of high sentiment, TRON remains predominantly bullish, according to Santiment’s data.

Key to this bullish outlook is the token concentration, with over 56% of TRX held by whale wallets. This could drive volatility but also trigger significant price movements. Additionally, retail investors account for 34% of TRX holdings, adding further momentum. Increased positive sentiment on social platforms continues to support TRON’s upward trajectory.

Key TRON Levels to Watch – August 19

TRON (TRX) is Poised for Bullish Breakout Amid Strong Whale Activity

TRX/USD is currently in a bullish trend, as confirmed by the higher lows and a breakout above the recent resistance trendline. The price has tested the resistance around $0.13750, and with sustained momentum, it could challenge the next resistance at $0.14220.
 
The bullish momentum is strong, supported by the price trading above the 9-day SMA. A break above $0.14210 could open the way toward $0.14510 and possibly $0.15000.

TRON Key Levels

Resistance Levels: $0.14220, $0.14520, $0.15000 
Support Levels: $0.11660, $0.10970, $0.10480 

TRX Metrics

Total Market Capitalization: $2.05T
TRON Market Capitalization: $12.03B
TRON Volume: $374.54M
Market Rank: #10

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