TRON (TRX) may be gearing up for a significant price rally in the near future, with several on-chain indicators and technical signals aligning to support a bullish outlook. Despite recent price consolidation, strong accumulation trends, favorable liquidity dynamics, and improving network fundamentals suggest that the token could soon break through its current resistance range.

Recent network data shows a strong uptick in activity for TRON. Since September 2023, the blockchain’s daily transaction volume has nearly doubled, growing from under 5 million to approximately 9 million. This sharp increase in activity has directly contributed to higher network revenues and renewed investor interest, especially from larger market participants.

One of the clearest signs of bullish momentum is the ongoing accumulation by whales. Data from blockchain analytics platform IntoTheBlock reveals that 98% of current TRX holders are "in the money," meaning they’re holding the token at a profit. This suggests that a large portion of the supply was acquired at lower prices, reducing the immediate risk of large-scale panic selling.

More specifically, IntoTheBlock’s Global In/Out of the Money model shows that only 4.48 billion TRX were purchased in the $0.288 to $0.455 range. In contrast, a much larger chunk—roughly 28.39 billion TRX valued at over $7.4 billion—was acquired in the $0.243 to $0.28 price range. This significant accumulation zone near the current price level points to strong support beneath the market, potentially insulating TRX from sharp declines and creating a foundation for further gains.

Exchange behavior has also contributed to the bullish narrative. Glassnode’s 30-day Exchange Net Position Change metric has turned negative over the past month, indicating that TRX tokens are being withdrawn from exchanges. This is typically interpreted as a sign of accumulation, as investors move tokens to private wallets for longer-term holding rather than short-term trading. Interestingly, similar withdrawal patterns were seen in October 2024, just weeks before a substantial price rally in November and December.

Although these fundamental signals are promising, technical traders are also keeping a close eye on key levels. TRX has been trading within a defined range since May, with the upper boundary near $0.2945 acting as strong resistance. A decisive move above this level would likely confirm a breakout and open the door to higher targets. However, traders are advised to watch price behavior carefully around this zone, as volatility is expected to rise.

Data from CoinGlass’s liquidation heatmap adds another layer to the analysis. The one-month liquidation chart shows two major “magnet zones” where liquidation levels are concentrated. The first cluster is near the $0.29 mark, while the second, stronger cluster sits between $0.295 and $0.30. These areas of concentrated leverage often act like price magnets, attracting the market toward them in the short term. This means that a near-term rally toward the $0.30 region is highly probable.

However, the heatmap also warns of a possible reversal once this liquidity is tapped. Traders entering long positions around the $0.295 to $0.30 level should remain cautious. A sudden influx of longs could set the stage for a price rejection or bearish reversal, as the market hunts for stop-loss levels placed beneath newly opened bullish positions.

For active traders, this sets up a few potential strategies. Long entries could be considered while TRX remains above the $0.243–$0.28 demand zone, with targets near the $0.295–$0.30 resistance area. Profit-taking is advised in this zone, as it aligns with both historical range highs and high-risk liquidation clusters. Alternatively, those seeking to short may wait for a strong rejection at $0.30. A clean breakout and retest of $0.30 as support, on the other hand, could offer a safer re-entry point for bulls betting on further upside.

In summary, TRON’s on-chain and technical indicators currently paint a bullish picture. Whale accumulation, reduced exchange balances, and favorable liquidity positioning suggest a breakout is likely. That said, traders should expect sharp volatility around key resistance zones, and prepare for both breakout and pullback scenarios.