Tron (TRX) was the only token among the top ten cryptocurrencies by market cap not trading in the red, with a slight 1% gain at $0.156. A rise in large transaction volumes, increasing from 224 million to 629 million, may have driven this uptick, indicating growing whale interest.

Despite this, TRX has been stuck in a consolidation phase since late September, fluctuating between $0.153 and $0.157. Reduced buyer and seller activity, as shown by volume histogram bars below the 50-day moving average, has limited any breakout. The flat MACD line further signals a lack of momentum.

Open Interest for TRX has dropped to $86M, showing declining trader activity. With increasing short positions and a slight decrease in profitable wallets, bearish sentiment could grow, potentially leading to a breakout to the downside.