TRON (TRX) seems to be defying the market trend, trading in the green zone across all time frames, while the larger market faces a correction. According to CoinGecko data, TRX’s price has risen 0.1% in the last 24 hours, 6.3% in the last week, 7.2% in the 14-day charts, 13.2% over the previous month, and 31.4% since January 2025. The asset’s market cap has climbed to the 8th position, overtaking Dogecoin (DOGE). TRON’s (TRX) price rally seems like an anomaly, given the larger bearish market tone. Let’s discuss if the popular crypto can hit a new all-time high, or will it face a correction soon.
Will TRON’s Price Continue Its Rally, Or Will It Face A Correction Soon?
TRON’s (TRX) current divergent trajectory could be due to its integration into MetaMask Wallet. The move may have led to a spike in investor sentiment, leading to a price rally. The MetaMask integration could lead to a surge in adoption for TRX, thereby a potential for higher prices.
While TRON’s (TRX) ongoing rally is commendable, there is a high chance that the asset will face a correction soon. The rally is likely dependent on the MetaMask news, and it may fizzle out soon. The larger market trend will likely dominate TRX’s price, and it may see a dip over the next few days, if not later today.
The crypto market faced a steep price correction on Monday, Jan. 19, 2025. The market crash is likely due to ongoing geopolitical tensions between the US and Greenland. President Trump wants the US to acquire Greenland, citing national security reasons. He has also imposed additional tariffs on countries offering support to Greenland. TRON’s (TRX) price may not have what it takes to overcome the general market bearishness arising from the US-Greenland debacle.
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Moreover, the investors seem to be opting for safe havens, such as gold and silver. The development is evident from the fact that gold and silver have hit new all-time highs. Given the ongoing market trend, TRX will most likely not be able to sustain its rally.