Tron (TRX) has seen a reversal of its Q4 2024 gains, consolidating within a $0.22-$0.27 range. While the short-term outlook remains cautious due to market sentiment and technical indicators, network fundamentals show strong growth with over 2 million users and a surge in activity.
has reversed most of its Q4 2024 gains. It topped a 180% rally in early December and increased to $0.44. Like the broader market, the holiday sell-off ate most of TRX’s gains and was yet to front a solid recovery at press time.
From a technical perspective, the mixed readings from the CMF, indicating low capital inflows and a flat RSI, suggesting muted demand, also pointed out that TRX could remain constrained in a choppy market. The analyst added that Tron saw a $3.6 trillion transfer on the 15th of January, further underscoring the chain’s strong network growth. He
TRIX Price Consolidation Network Growth FOMC Meeting Technical Analysis
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