TRON is range-bound between $0.066 and $0.066 today after shedding $0 and closing at $0.066 today.
This uncertain state for TRON is reflected by published market data as following a previous reading of 0%, Core Retail Sales in United States released yesterday at 12:30 UTC fell short of the -0.3% figure expected by analysts with an actual reading of -0.8%. Highly important Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1%. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -307,600, while the previous figure was -321,500.
TRON made an initial break below its 50 day Simple Moving Average at $0.066, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.067, suggesting that a downward move may follow. On the other hand, note that
Despite the market lacking direction, technical chart analysis strongly suggests TRON is positioned for a downward move in the near term.
While TRON is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. Cardano added 3.68% to its value, now trading at $0.454. Chainlink USD is up 3.12% to $8.
TRON has managed to gain 21.29% so far this year despite trading at lows around $0.05 previously.
