After dropping down to $0.061, TRON recovers some losses and is currently trading at $0.062.
This uncertain state for TRON is reflected by published market data as United States CFTC Gold speculative net positions released yesterday at 19:30 UTC with a figure of 77,000, while the previous figure was 94,400. Fresh CFTC Nasdaq 100 speculative net positions data from United States came out at 1,500. Fresh CFTC Crude Oil speculative net positions data from United States came out at 251,500.
TRON made an initial break below its 50 day Simple Moving Average at $0.062, a possible indication of a forthcoming negative trend. TRON formed a session range of $0.061 to $0.062 leaving buyers and sellers highly concentrated around an active Fibonacci support level of $0.061. TRON's upper Bollinger Band® is at $0.063, suggesting that a downward move may follow. Despite this,
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 Bitcoin Cash is up 1.66%. Ripple is up 1.22%. Litecoin goes up 1.27% to trade around $52.31.
Trading mostly sideways for 2 months. TRON is now trading 50.1% below the significant high of $0.124 it set around 11 months ago.