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07/06 01:35

TRON [TRX] price surge imminent? – These KEY signs

TRON [TRX] price surge imminent? – These KEY signs say yes

TRON traders have good reason to be bullish, but should be prepared for volatile price action around the range high.TRON-Featured-768x432.webp
  • The TRX accumulation during the price uptrend over the past month was a bullish sign.
  • The liquidity heatmap hinted that a rally in the coming days was highly likely.

It was recently reported that TRON’s [TRX] daily transaction count doubled from September 2023, increasing from a sub-5 million count to reach 9 million. The network revenue was boosted as a consequence.

Whale accumulation and social media engagement also contributed to the bullishness behind the token.TRON-In-Out-of-the-Money-768x166.png

Data from IntoTheBlock showed that 98% of holders were in the money. The Global In/Out of the Money showed a paltry 4.48 billion TRX were purchased in the $0.288-$0.455 price range.
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