After dropping down to $0.055, TRON recovers some losses and is currently trading at $0.056.
- United States's Retail Sales new data released of -0.6% below its previous figure.
- TRON has been pretty quiet for the last 25 days, trading mostly flat and moving by only $0 on average.
United States Core Retail Sales published today at 13:30 UTC came out at -0.2%, falling short of the 0.2% projections and continuing its decline from the previous 1.2% figure. Following a previous reading of 1.3%, Retail Sales in United States released today at 13:30 UTC fell short of the -0.1% figure expected by analysts with an actual reading of -0.6%.
TRON made an initial breakout above its 50 day Simple Moving Average at $0.056, a potential indicator of a newly emerging bullish phase. Despite this, TRON's upper Bollinger Band® is at $0.056, suggesting that a downward move may follow.
With market volatility ebbing, the current technical outlook indicates TRON will break higher above its recent ranges in the immediate future.
Bitcoin closed at $17,469 (down 1.96%). Ethereum is down $36.04 from the beginning of the session and now trades around $1,273.4. Binance Coin retreats 1.66% to trade around $263.53.
Trading mostly sideways for 4 months. Having set a significant high of $0.088 28 days ago, TRON is trading 11.32% lower.