A slow down? After seven days of going up, TRON is flat today, hovering around $0.071.

Without a clear-cut direction, TRON is trading around $0.071 and ranging between $0.07 and $0.071.

United States Existing Home Sales (Apr) is next today at 14:00 UTC.

TRON's state is reflected by market data as United States Philadelphia Fed Manufacturing Index (May) released today at 12:30 UTC with a figure of -10.4, while the previous figure was -31.3. United States Initial Jobless Claims came out at 242,000, better than analyst estimates of 254,000 and improving upon the previous reading of 264,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of -920,000 with a reading of 5 million.

TRON made an initial break below its 5 day Simple Moving Average at $0.07, a possible indication of a forthcoming negative trend. Price action remains constrained around the key Fibonacci level of $0.071 currently serving as support. If price action breaks below, the next Fib hurdle is $0.069. TRON's upper Bollinger Band® is at $0.072, suggesting that a downward move may follow. In contrast, TRON is oscillating around the $0.071 level serving as support.

According to technical indicators, TRON is positioned for a downward move in the short term.

At the same time, mixed performances are seen elsewhere as FTX Token is up 9.54% to $1.36. Ripple is up 4.19%. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Existing Home Sales (Apr) is scheduled for today at 14:00 UTC. United States Fed Chair Powell speech will be released tomorrow at 15:00 UTC.

Trading mostly sideways for a month. TRON has managed to gain 29.92% so far this year despite trading at lows around $0.05 previously.