After ending today at $0.066, today TRON went up to $0.067 before paring back gains and settling around $0.066.
United States Initial Jobless Claims didn't cause a noticeable effect even though it falls short expectations with 228,000.
Uncertainty around TRON is reflected by published market data as United States Initial Jobless Claims released earlier showed a marked improvement to 228,000 from the preceding data of 246,000, but fell short of the 200,000 figure forecast by a consensus of market analysts. United States Crude Oil Inventories released earlier showed a marked improvement to -3.74 million from the preceding data of -7.49 million, but fell short of the -2.33 million figure forecast by a consensus of market analysts. United States ISM Non-Manufacturing PMI (Mar) came out at 51.2, while a consensus of analysts was expecting 54.5.
With regards to technical trend indicators, chart analysis show that TRON made an initial breakout above its 50 day Simple Moving Average at $0.066, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that TRON's upper Bollinger Band® is at $0.068, suggesting that a downward move may follow. Following today's trading session, chart analysis suggests
Overall, while TRON has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
At the same time, mixed performances are seen elsewhere as Dogecoin is down to $0.086, losing $0.007, after closing at $0.092 in the preceding trading session. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $1.19, EOS is up 3.09% today to currently trade at around $1.23.
Moreover, United States Non Farm Payrolls expected to decline to 239,000 while its preceding data was 311,000, data will be available tomorrow at 12:30 UTC. United States Unemployment Rate figure is projected at 3.6. It previously stood at 3.6; data will be released tomorrow at 12:30 UTC.
TRON now trading 22.49% above its 3-month low of $0.05.