After ending today at $0.069, today TRON went up to $0.07 before paring back gains and settling around $0.069.
United States Unemployment Rate is next today at 12:30 UTC.
This uncertain state for TRON is reflected by published market data as highly important Initial Jobless Claims data from United States beat analyst expectations of 240,000 with a reading of 242,000. United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.50 trillion, while the previous figure was 8.56 trillion. United States Reserve Balances with Federal Reserve Banks came out at 3.17 trillion.
Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, TRON's upper Bollinger Band® is at $0.07, suggesting that a downward move may follow. As the trading day commences, technical analysis suggests
With market volatility ebbing, the current technical outlook indicates TRON will remain range-bound for the immediate future.
At the same time, mixed performances are seen elsewhere as FTX Token rallies 9.54% to trade around $1.36. EOS is down to $1, losing $0.034, after closing at $1.03 in the preceding trading session. Bitcoin Cash is down to $117.05, losing $3.15, after closing at $120.21 in the preceding trading session.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 180,000, following on from the preceding figure of 236,000. New data is set to be published today at 12:30 UTC. Today at 12:30 UTC data for United States Unemployment Rate will be released, with an expected decline to 3.6 from the preceding figure of 3.5.
Trading mostly sideways for a month. TRON has gained 26.53% since its lowest print of $0.05 earlier this year.