TRON (TRX) is preparing to enter a medium term bullish wave — What are the driving factors?

According to data from Glassnode, posted on platform X (previously Twitter), TRON (TRX) is currently continuing to trade sideways around an important accumulation zone, where more than 14 billion TRX are being held in the price range from $0.26 to $0.27.

This price zone represents the strongest support cluster on the cost price heat map, reflecting a significant concentration of long-term investors.

At the time of writing, TRX is fluctuating around $0.274 – just above the key support zone mentioned above – while ahead is a thin layer of resistance that could easily be pierced if the upward momentum is sustained.

In the context of the market moving around this key threshold, factors such as the increasingly clear participation of whales, the stability of wallet addresses, and the gradually improving investor sentiment may play a decisive role in shaping the short-term trend of TRX.

Source: Glassnode## Will TRX be able to maintain its upward momentum on the trend line?

TRX continues to maintain a stable upward momentum since March, with the upward trendline still being preserved, reinforcing the long-term bullish structure of this token.

Despite experiencing a few short-term adjustments, the technical support zone around the level of $0.27–$0.28 – established by the Fibonacci range and the trend line – still shows solid effectiveness.

Notably, the MACD indicator has just crossed above the signal line, emitting a positive signal regarding the potential recovery of the upward momentum.

In this context, the current trend line is acting as a key dynamic support zone. If maintained, TRX could fully regain momentum and aim for a crucial resistance zone around the $0.30 mark in the upcoming trading sessions.

Source: TradingView## Most investors are still in profit, reducing selling pressure

According to data from IntoTheBlock at the current time, up to 75.11% of the total addresses holding TRX are in a "profitable" state, equivalent to about 70.47 billion TRX.

In addition, about 13.66% of wallets are "breaking even", mainly concentrated in the important price zone from $0.267 to $0.275. Only 11.23% of investors are reporting unrealized losses.

This allocation structure shows that the majority of TRX holders are not under selling pressure at the current time. As a result, the supply force is expected to continue to remain low – especially if the TRX price stabilizes within or above this accumulation cost zone.

Source: IntoTheBlock## Whales and long-term investors significantly increase their TRX positions

The latest historical distribution data shows that whales are significantly increasing their TRX holdings, with an increase of up to 9.59% in just the past few days. Even more notable is the explosion in the wallet group of long-term investors, as the amount of TRX in their hands has surged by 38.21% — a signal indicating strong confidence in the long-term prospects of this asset.

On the contrary, the retail wallet group only recorded a slight increase of 4.10%, reflecting cautious sentiment and still restrained purchasing power from small investors.

This distribution structure is painting a picture of a silent accumulation wave coming from large organizations. If this trend continues to be maintained, it could become a springboard for a strong breakout in the future, especially when technical and macro factors converge favorably.

Source: IntoTheBlock## The growth of new addresses indicates that the TRON ecosystem is expanding.

In the past week, the TRON network has recorded a strong breakthrough with a 32.15% increase in the number of new wallets created – a clear sign that a wave of new users is joining the ecosystem. At the same time, the number of active addresses also increased by 2.68%, indicating a growing level of interaction.

Notably, the number of wallets with a balance of 0 has decreased by 10.52%, reflecting a trend of holding assets for the long term and an increase in actual usage. These positive signals indicate that TRON is not only steadily attracting new users but is also gradually strengthening the underlying platform of the ecosystem.

The continued expansion of the network, especially when accompanied by positive behavior from investors, is often an early indicator of a promising medium-term price increase.

Source: IntoTheBlock## Is the recent market sentiment explosion a bullish signal or a bull trap?

Data from Santiment's Weighted Sentiment index recorded an impressive surge above 7.5, before quickly reversing to a level of -0.3.

This development reflects a burst of optimism that occurred in a short period, but was quickly regulated back by the market – a pattern often seen before accumulation phases.

Although this emotional surge largely stemmed from speculative sentiment, the subsequent correction may have acted as a "restructuring", helping the market become more stable and healthier.

In the event that positive sentiment is reestablished and coincides with important technical support zones, TRX has the potential to resume its upward trend without entering an overbought state.

Source: Santiment## Conclusion: TRON holds its position right above the strategic support zone

TRON is consolidating the upward momentum around the strategic support zone, as more than 75% of investors are now in a profitable state, and the increasingly strong participation of whales shows long-term confidence in the project.

The stable increase in the number of new wallets, combined with decreasing selling pressure, continues to create a solid platform for the positive trend of TRX.

If the current uptrend is maintained and market sentiment continues to improve, TRX has the potential to break through the resistance zone of $0.29–$0.30 in the coming days.

SN_Nour