TRON spikes to $0.063, climbing by $0.
United States New Home Sales (Sep) is next today at 14:00 UTC.
On the flip side, United States Consumer Confidence published yesterday at 14:00 UTC came out at 102.5, falling short of the 106.5 projections and continuing its decline from the previous 107.8 figure.
At the same time, United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 4.52 million, while the previous figure was -1.27 million. Fresh 2-Year Note Auction data from United States came out at 4.46.
TRON's upper Bollinger Band® is at $0.063, this is a slight indication of a slowdown. Despite this, having stamped out a session range of $0.062 to $0.063, Fibonacci-inclined TRON traders were highly concentrated around active Fibonacci resistance at $0.063.
Overall, looking at the technical analysis landscape, it seems TRON is likely to reverse course and start pointing down in the short term.
TRON shows positive signs, other assets are also on par: having closed the previous session at $0.063, Dogecoin is up 5.09% today to currently trade at around $0.066. Ethereum moves up 2.45% to trade around $1,497.77. EOS added 1.74% to its value, now trading at $1.12.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States GDP is projected to outperform its last figure with 2.4. It previously stood at -0.6; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with 1 million. It previously stood at -1.73 million; data will be released today at 14:30 UTC.
Also worthy of note, tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to 0.2% from the preceding figure of 0.3%.
Trading mostly sideways for 2 months. Approximately 11 months ago, TRON reached a significant high of $0.124 but has struggled to hold onto its gains and declined 49.52% since then.