Late into the session, TRON loses $0 (0.59%), currently trading at $0.062.
TRON made an initial break below its 21 day Simple Moving Average at $0.063, a possible indication of a forthcoming negative trend. Price action remains constrained around the key Fibonacci level of $0.062 currently serving as support. If price action breaks below, the next Fib hurdle is $0.061. TRON's upper Bollinger Band® is at $0.064 which indicates a further downward move may follow. In contrast,
Overall, the technical analysis landscape suggests that on the balance of probability, TRON is expected to maintain its bearish bias.
In the meantime, negative performances are also seen in other markets, Solana descends 3.84% to trade around $31.44.
Positive performances can be seen by looking at other markets as MaticNetwork USD is up 5.69%. Litecoin is up 3.27%.
Furthermore, United States EIA Short-Term Energy Outlook will be released tomorrow at 17:00 UTC.
Trading mostly sideways for 2 months. 11 months ago TRON reached a significant high of $0.124 but has consequently lost 49.27% since then.