Whales Blow Bubbles: Will TRX Surge to $0.30? Find Out! 🐋💸

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Well, darlings, it seems our beloved Tron [TRX] has taken a bit of a world tour—down from the grand heights of $0.28 to a modest $0.26. Quite the rollercoaster, isn’t it? 🎢 But hold onto your hats, for the whales have decided to take a siesta—transaction numbers plummeted from 1,060 to 346! Yes, the big sushi squad is off for tea. ☕

  • TRX price boomed to $0.2739—just shy of the promised land—yet whale activity took an unexpectedly long holiday.
  • A shiny golden cross between the SMA50 and SMA100 suggests a bullish romp, with $0.30 lurking as the next whimsical hurdle.

After prancing from $0.24 to $0.28, the precious altcoin retraced—no shock there. Some say it’s a typical market dance, while others whisper about whales selling 231 million TRX in a day—perhaps scared of their own shadows? 🦈 According to CryptoQuant, only 194 million were bought up, leaving a rather gloomy net flow of -36.8 million TRX. Quite the plot twist—profiteering in progress! 😂

Whale activity – the quiet before the storm?

Whale transactions have dropped from a lofty 1,060 to a mere 346. The once thunderous giant-sized trades now resemble a whisper, my dear—they’re shrinking faster than your last diet. The average whale transaction size has collapsed from 2.4 billion TRX to just 561 million. Perhaps they’re napping or considering an exit strategy? 💤

This isn’t subtle, darling. The whales are selling—big time—and it’s leaving a mark. But don’t fret—a price of $0.2739 persists, as if holding a stiff upper lip. Retail investors might just be scooping up the crumbs while the whales slink away. Keep calm and buy on, as the next act unfolds!

The Golden Cross: A Sign of Hope or Just Fancy Paperwork?

Despite the whale walkout, TRX keeps climbing—fancy that! The SMA50 just crossed above the SMA100 in a splendid “golden cross,” like a positive affirmations poster on a rainy day. CryptoQuant’s Burak Kesmeci, with all the optimism of a cigarette ad, predicts this could mean a sustained uptrend. 🚀

As of early May, TRX shot up about 11% after that glorious golden cross—proof that markets love a good pattern. A tidy little sign that the prices might stay above $0.27, encouraging more market shenanigans ahead.

What’s Next? More Height, or a Gentle Slope Down?

If TRX keeps riding this wave, the big target is a flirtatious $0.30—think of it as the crypto equivalent of a cocktail at sunset. Meanwhile, support at $0.23 is standing firm—a robust safety net, really, for those risk-takers in the crowd.

And as whale activity cools, it’s not all doom and gloom. Perhaps this calmer scene hints at a healthier market—less hysteria, more steady gains. So, my dear speculators, buckle up—TRX might just surprise us all and sashays past that charming $0.30 barrier. Or at least, that’s today’s optimistic forecast, with a dash of Cowardian sass. 😉

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2025-05-19 00:10