Currently trading at $0.066, TRON remains range-bound between $0.065 and $0.066.
United States Consumer Price Index is next today at 13:30 UTC.
With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.067, thereby suggesting that TRON is becoming overvalued. TRON's notable support and resistance levels: TRON could be slowing down soon as it approaches resistance at $0.066. Of course, crossing it might suggest further gains are ahead.
Notwithstanding TRON's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Other markets are also showing gains as FTX Token is up 9.54%.
At the same time, Ripple is down $0.003 from the beginning of the session and now trades around $0.368. Dogecoin closed at $0.081 (down 0.96%).
Moreover, macro data could boost sentiment further as United States Retail Sales is projected to outperform its last figure with 1.8%. It previously stood at -1.1%; data will be released tomorrow at 13:30 UTC. United States Core Retail Sales is projected to outperform its last figure with 0.8%. It previously stood at -1.1%; data will be released tomorrow at 13:30 UTC.
The market is looking forward to the release of new data: United States Consumer Price Index is expected today at 13:30 UTC.
Trading mostly sideways for 2 months. TRON has managed to gain 18.94% so far this year despite trading at lows around $0.05 previously.