TRON (TRX) price made a significant breakout on November 13, rising as high as $0.1825 and is currently trading at $0.1813. Trading volume decreased by 46% in the last 24 hours; This shows that investors are turning to profit sales and market movements are slowing down. It is a matter of curiosity whether the TRX price will overcome the current resistance level and achieve a significant upward trend by the end of the year.
TRON Whales on the Field: Big Acquisitions Are Coming
IntoTheBlock data indicates a significant increase in TRON whale activity over the last 24 hours. TRX purchases by major investors have increased by 458% in the last seven days. This suggests that large-scale investors are accumulating TRX and preparing for a possible price increase.
A bullish flag formation appeared on the TRX price chart, which continues its upward trend in the long term. This structure broke upward, showing that the previous upward trend continued. The price is trading within a steadily rising channel, indicating that the rise continues in a controlled manner.
“TRX price is heading towards a parabolic level and could reach $1.5 by May 2025,” predicts crypto analyst Petrov. The recent closes on the chart also indicate continued buying pressure within the channel and a stable uptrend without volatility.
Short and Medium Term Price Targets for TRON
TRON price analysis indicates immediate resistance levels at $0.228 and $0.288. The main resistance lies at $0.462. The target price of the bullish flag formation is estimated at $1.68, an increase of 800% from the current level. Important support levels are at $0.181 and a more solid support point at $0.044.
Investor interest in the TRON ecosystem has a significant impact on price movements. Keeping up with current market analysis can be useful in the strategic decision-making process for TRX investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
