After ending today at $0.053, today TRON went up to $0.054 before paring back gains and settling around $0.053.
TRON is currently trading at $0.053 following the release of ISM Non-Manufacturing PMI (Nov) data from the United States.
Uncertainty around TRON is reflected by published market data as United States ISM Non-Manufacturing PMI (Nov) came out at 56.5, while a consensus of analysts was expecting 53.3. United States Factory Orders came out at 1%, better than analyst estimates of 0.7% and improving upon the previous reading of 0.3%. United States ISM Non-Manufacturing Employment (Nov) released today at 15:00 UTC with a figure of 51.5, while the previous figure was 49.1.
As the trading day comes to an end, chart analysis indicates With regards to technical trend indicators, chart analysis show that TRON made an initial breakout above its 10 day Simple Moving Average at $0.053, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, TRON's upper Bollinger Band® is at $0.055, suggesting that a downward move may follow.
All in all, the technical analysis suggests TRON has no clear-cut direction.
At the same time, mixed performances are seen elsewhere as Litecoin rises 3.85% to trade around $80. After ending today's session at $0.104, Dogecoin lost $0.004 and is trading around $0.1. FTX Token is down $0.019 from the beginning of the session and now trades around $1.37.
Furthermore, the market is looking at United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 17:00 UTC.
Trading mostly sideways for 3 months. TRON hit a significant low of $0.05 around 18 days ago, but has since recovered 6.17%.