TRON (TRX) experienced a 4.5% price increase on December 14, contrasting with Bitcoin's 3.2% decline. This surge was accompanied by a 45% rise in daily trading volume, following a partnership announcement with Revolut on December 11. Despite the recent rally, technical indicators present mixed signals.
Weekly charts indicate bearish pressure with support around $0.259, while 4-hour data remains negative. Although recent buying activity suggests a potential short-term bounce, analysts warn of a possible bull trap that could lead to a price reversal.
TRON Faces Mixed Signals Amid Recent Price Rally
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