Tron (TRX) has reached a critical support level in combating uncertainty in the market. Large investors (whales) are making millions of dollars of TRX transfers and volatility in the market. So, will TRX hold on this level, or will a new wave of decrease begin?
How will the movement of whales affect the TRX market?
In recent days, big transactions in the TRX market have attracted attention. 92.9 million TRx was transferred to Binance from an unknown wallet. Such large operations can often cause sudden price movements in the market.
These movements may show that some major investors are preparing to sell their assets. However, large buyers may also be entering the market. This balance will be one of the most important factors to determine the direction of TRX price in the coming days.
Will Tron be able to hold on support for $ 0.2185?
TRX has been trading between 0.2185 and $ 0.2570 for the last few months. It is currently testing $ 0.2185 with its critical support level. If the price cannot hold at this level, a deeper correction may be experienced.
However, if the support level is maintained, the TRX price may experience a fracture upward. In particular, if the market conditions follow positively, investors can see the $ 0.25 level again. Whether the buyers or sellers in the market will be superior, the future of TRX will determine.
TRX stuck between bulls and bears! Which direction will it outweigh?
Both buyers and sellers are now in balance in the market. 111 bulls and 107 months continue to struggle. Although the bulls try to pull the TRX price up, the sellers show strong resistance. This uncertainty shows that TRX will either experience a major break or decrease to lower levels. If the market is not supported by strong news or development, TRX may be more likely to move downward.
Especially the $ 0.2185 level stands out as a critical threshold. If there is no strong purchase response from here, the TRX price may hang below $ 0.20. However, if there is a sudden volume increase in the market, TRx can recover in a short time and target $ 0.25 again. Investors should carefully monitor price movements and determine their strategies accordingly. Investors should follow the levels of support and resistance carefully!
