TRON drops $0 early on and steadies around the $0.062 level.
TRON made an initial break below its 50 day Simple Moving Average at $0.062, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.063 which indicates a further downward move may follow. Despite this, TRON is oscillating around the $0.061 level serving as support.
Overall, looking at the technical analysis landscape, it seems TRON is likely to start pointing downward in the short term.
In the meantime, negative performances are also seen in other markets, after ending today's session at $0.469, Ripple lost $0.013 and is trading around $0.456. Bitcoin Cash retreats 2.05% to trade around $108.66. EOS is down to $1.07, losing $0.023, after closing at $1.1 in the preceding trading session.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Consumer Confidence projected to come out at 106.5 — worse than previous data of 108; data will be released tomorrow at 14:00 UTC.
Trading mostly sideways for 2 months. TRON is now trading 49.92% below the significant high of $0.124 it set around 11 months ago.