96% of TRON holders are in profit as whale activity surges 196%, driving bullish momentum toward the target resistance level at $0.1645.
has been gaining massive traction, and the recent metrics have indicated why this altcoin has been turning heads.Also, large transactions have surged by 196% in the last 24 hours.196% explosion in large transactionsIn the last 24 hours alone, the altcoin has recorded a 196% increase, suggesting that institutional investors and large-scale traders are at the accumulation phase.
This increase in network participation is another bullish sentiment, as it hints at a growing interest and usage of the TRX blockchain. This increase in active addresses may indicate that more users are engaging in Tron, thereby fueling the price action upward.That not all, Tron has gained massively following the retest of the ascending trendline support at the $0.1563 price level.
The altcoin has continued to build up strong bullish momentum, with the next target at the $0.1645 resistance level now in sight.If the TRX upward trajectory continues, a breakout above this resistance level could result in more price advances, propelled by whales and overall network activity combined.
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