TRON is on a bit of a rollercoaster today: spiking to $0.069 only to drop back to $0.065, now rallying again to $0.066.
TRON made an initial breakout above its 50 day Simple Moving Average at $0.065, a potential indicator of a newly emerging bullish phase. TRON formed a session range of $0.065 to $0.069 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $0.067.
Overall, looking at the technical analysis landscape, it seems TRON might continue pointing upwards in the short term.
Other markets are also showing gains as FTX Token is up 9.54%.
At the same time, Ripple withdraws 2.92% to trade around $0.363. After ending today's session at $20.37, Solana lost $0.953 and is trading around $19.42.
Also worthy of note, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
TRON hit a significant low of $0.05 around 3 months ago, but has since recovered 30.41%.