The TRX price has entered a crucial phase as network activity on TRON surges and large-scale stablecoin transfers dominate on-chain flows. While TRX price today trades near $0.3391, recent whale-driven USDT movements and growing network demand suggest a potential breakout toward the $0.50 mark if momentum sustains.
Why Whale Activity and Bitcoin Correlation Matters?
Over the past 24 hours, wallets holding more than $100 million in USDT have dominated transfer activity on the TRON network.
This surge coincided with Bitcoin once again regaining strength briefly near the $110,000, reflecting a strong correlation between stablecoin reallocation and renewed market confidence.
Not just the recent data strengthens this link, but even the Historical data is evidence of this link. In a CryptoQuant insight, it is revealed that on August 12, which initiated a 5% rally in Bitcoin, pushing it to an ATH, the wallets in the $100M+ category transferred $3.9 billion, which confirms the rise.
Not only BTC but the TRX price chart also closely aligns with the broader narrative of stablecoin-driven momentum. Data shows that wallets above $100 million account for nearly 35 to 36% of daily USDT balance changes on the TRON blockchain.
Remarkably, this concentration of mega-wallet-based flows strongly suggests that much of this liquidity may eventually be funneled into spot exchanges. These are eventually setting the stage for heightened volatility in both TRON crypto and the wider market.
TRX Price Poised Near Breakout Levels
Beyond just stablecoin flows, the TRX itself is approaching a critical price zone. TRX/USD currently trades near $0.3391, a level very close to a key support.
However, the recent intraday slight retreat doesn’t affect the TRX price forecast much. In fact, it has become increasingly bullish as daily active addresses on TRON have been evidenced to surpass 2.6 million, marking an all-time high.
That lets us assume that the strong network demand and heightened activity are indicating a robust ecosystem growth, which could become the foundation for the extension of the TRX price rally in the coming sessions.
According to the TRX price chart and CryptoQuant insights, the TRX crypto sits just beneath its historical $0.37 resistance, which holds significant value for the current bullish trend.
A valid breakout beyond this hurdle, confirmed by either a daily or a weekly close, could propel TRX price toward the $0.48 to $0.52 range.
Nevertheless, risks still remain because if TRON crypto fails to rise and stabilize above $0.37 resistance, combined with onchain daily active addresses decline, then this bullish scenario could weaken.
In such a case, the TRX price USD might face downward pressure towards the 200-day EMA band before making another attempt at higher levels.
Still, with altseason potentially on the horizon and whale liquidity supporting risk assets, the TRX price remains in focus for traders looking at the next breakout opportunity.
