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TRON [TRX] Uptrend Momentum Slows: Is a Short-Term Price Consolidation Likely?

TRON’s [TRX] recent price action followed Bitcoin [BTC] and U.S. stock market performance. U.S. stock markets rallied on 11 January as speculators bet on easing U.S. inflation, boosting crypto markets. 

Bitcoin also rallied, claiming the $18K psychological level, but faced price rejection at $18,375. TRX also rallied, breaking above its short-term trading range of $0.05491 – $0.05565. But TRX was rejected at $0.05695 and could oscillate within this range in the next few hours/days. 

TRON TRON $0.25
+1.45%
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