Although TRON ended today strong and rose from $0.066 to $0.066, it dropped back today and is now priced at $0.066.
United States Crude Oil Inventories is next today at 15:30 UTC.
This uncertain state for TRON is reflected by published market data as United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -2.18 million, while the previous figure was 6.33 million. United States 3-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.073, while the previous figure was 3.977. United States Trade Balance (Dec) came out at -67.4 billion, while a consensus of analysts was expecting -68.5 billion.
The Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. TRON's upper Bollinger Band® is at $0.065, indicating gains could follow.
Despite muted price action in TRON, chart analysis indicates it is positioned for a bullish run in the short term.
While TRON is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. NEAR Protocol increases 2.82% to trade around $2.56. Tezos USD moves up 1.18% to trade around $1.23.
Moreover, as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 2.46 million, following on from the preceding figure of 4.14 million. New data is set to be published today at 15:30 UTC. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 190,000 from the preceding figure of 183,000.
Trading mostly sideways for 2 months. This year has been a bright one for TRON after trading as low as $0.05 and going on to appreciate by 16.8% year to date.