After having ended today at $0.066, TRON is down to $0.064 today. Overall, a 2.43% move or $0.002.
United States's Crude Oil Inventories new data released of -5 million below its previous figure.
Highly important Crude Oil Inventories data from United States beat analyst expectations of -1.49 million with a reading of -5 million.
On the flip side, United States Core Durable Goods Orders came out at 0.3%, better than analyst estimates of -0.2% and improving upon the previous reading of -0.3%.
While price action maintains a negative bias, United States New Home Sales (Mar) released yesterday at 14:00 UTC with a figure of 683,000, while the previous figure was 623,000.
TRON made an initial break below its 50 day Simple Moving Average at $0.065, a possible indication of a forthcoming negative trend. A crossing of the lower Bollinger Band® at $0.065 suggests further losses may follow for TRON.
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, EOS is down to $0.985, losing $0.074, after closing at $1.06 in the preceding trading session. Litecoin is down to $85.43, losing $5.54, after closing at $90.98 in the preceding trading session. Ripple is down to $0.441, losing $0.028, after closing at $0.469 in the preceding trading session.
Looking ahead, ongoing depreciation may be prolonged as tomorrow at 14:00 UTC data for United States Pending Home Sales will be released, with an expected decline to 0.5% from the preceding figure of 0.8%. Tomorrow at 12:30 UTC data for United States GDP will be released, with an expected decline to two from the preceding figure of 2.6. Projections for United States Initial Jobless Claims are set for a continuation of decline with 248,000 while previous data was 245,000; data will be released tomorrow at 12:30 UTC.
Trading mostly sideways for a month. TRON has recovered 31.6% since descending to a significant low of $0.05 around 5 months ago.
