Tron (TRX) Shows Bullish Momentum Amid Bitcoin’s Seasonal Weakness

As Bitcoin enters its historically weak third quarter, altcoins like Tron (TRX), XRP, and Dogecoin (DOGE) are displaying strong bullish signals in the derivatives market. Notably, TRX is benefiting from heightened demand for Leveraged long positions, with XRP leading the pack at an 11% annualized funding rate. This optimism persists despite ongoing regulatory uncertainties, highlighting traders' confidence in these assets' short-term potential. The crypto market's shifting dynamics suggest a possible altcoin season ahead, with TRX positioned as a standout performer.

XRP, TRX, DOGE Show Bullish Funding Rates as Bitcoin Enters Weak Quarter

Perpetual funding rates, a key metric in crypto derivatives markets, are flashing bullish signals for major altcoins like XRP, TRX, and DOGE as Bitcoin begins its historically sluggish third quarter. XRP leads the pack with an annualized funding rate of 11%, reflecting strong demand for leveraged long positions.

The payments token's premium comes despite stalled progress in Ripple's SEC settlement, suggesting traders remain optimistic. TRX and Doge follow closely with 10% and 8.4% funding rates respectively, while BTC and ETH show only marginal positivity in their perpetual futures markets.

Funding rates represent the cost of maintaining leveraged positions, with positive values indicating perps trade at a premium to spot prices. This dynamic forces long holders to pay shorts—a clear sentiment gauge where elevated rates correspond to bullish market psychology.

TRON Builds Strength as Whales Accumulate and Breakout Looms

TRON (TRX) shows signs of an impending breakout as it consolidates within a tight price range. The token has held key support at $0.26, rebounding to $0.2775 amid declining volatility. Bollinger Bands compression hints at a sharp MOVE ahead, mirroring patterns seen before significant price swings.

Whale activity tells a compelling story. Large holders have increased their TRX positions by 9.55% over the past month, while mid-tier investors—often the smart money—have boosted holdings by 45.49%. This accumulation wave contrasts with retail caution, creating a classic institutional accumulation pattern.

The network's technical setup resembles coiled springs from previous cycles. With exchange flows stabilizing and on-chain metrics turning bullish, TRX appears primed for its next leg. Market structure suggests the coming move could be decisive—either confirming strength or revealing underlying weakness.

Altcoin ETF Approval Odds Surge: XRP, LTC, SOL Lead the Pack

Analysts are increasingly bullish on the prospects of altcoin exchange-traded funds (ETFs), with approvals potentially imminent. Bloomberg ETF experts James Seyffart and Eric Balchunas updated their forecasts on June 30, citing heightened engagement between issuers and the SEC as a key driver.

Solana (SOL), Litecoin (LTC), and XRP now boast a 95% approval likelihood, up from prior estimates. Dogecoin (DOGE) similarly saw its odds jump to 95%, reflecting growing Optimism around Bitwise and other filings.

Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), and Hedera (HBAR) all climbed to 90% approval probability. While regulatory delays persist, the upward revisions signal mounting institutional confidence in these assets.

SUI remains an outlier at 60% due to classification uncertainties, while TRON (TRX) entered the fray with 50% odds despite its 2026 review timeline. The emergence of PENGU (PENGU) as a new contender underscores the expanding ETF landscape.