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>>Rising whale futures activity could push TRX's price up to between $0.35 and $0.37, despite currently subdued investor interest and overall market sentiment.

Rising whale futures activity could push TRX's price up to between $0.35 and $0.37, despite currently subdued investor interest and overall market sentiment.

crypthub

1 day ago

Whale Futures Surge & Price Action

TRX whale futures orders have increased for the first time since July, signaling renewed institutional accumulation pushing the token towards $0.35. This activity followed a period of narrow price action and suggests institutions are re-entering the TRX derivatives market. TRX is currently trading in a tight range between $0.3315 and $0.3549 beneath descending resistance.

Derivatives and Open Interest

Despite the whale activity, TRX Open Interest decreased by ~3.31%, indicating short-term deleveraging among derivatives traders. Lower Open Interest alongside accumulation may indicate a reset phase before increased exposure. Rising Open Interest alongside spot demand would validate a bullish shift.

Sentiment and Resistance

On-chain sentiment remains muted, with retail participants appearing cautious. A daily close above $0.35 with rising Open Interest and social momentum would favor a move towards $0.37. Failing to break this level may result in continued consolidation.

Future Outlook

TRX’s price action is currently poised for a significant move, driven by institutional accumulation and a compressed price structure. Traders should monitor institutional flow, volatility, and derivative metrics to anticipate any potential bullish breakout.