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. United States CFTC Crude Oil speculative net positions 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 is currently flirting with an active Fibonacci support level around $0.061. TRON's upper Bollinger Band® is at $0.063, suggesting that a downward move may follow. On the other hand, note that
Despite the market lacking direction, technical chart analysis strongly suggests TRON is positioned for a downward move in the near term.
Meanwhile, mixed performances are seen elsewhere as Bitcoin Cash improves 1.66% to trade around $108.86. Ripple is up 1.22%. Litecoin gained 1.27% and is now trading at $52.31.
Trading mostly sideways for 2 months. 11 months ago TRON reached a significant high of $0.124 but has consequently lost 50.1% since then.