Without a clear-cut direction, TRON is trading around $0.069 and ranging between $0.069 and $0.07.
United States's Consumer Confidence new data released of 102.9 below its previous figure.
Uncertainty around TRON is reflected by published market data as highly important Consumer Confidence data from United States beat analyst expectations of 108.5 with a reading of 102.9. Data for United States Pending Home Sales published yesterday at 15:00 UTC came out at 8.1%, beating projections of 1% and showing improvement over the preceding figure of 1.1%. Data for United States Core Durable Goods Orders published yesterday at 13:30 UTC came out at 0.7%, beating projections of 0.1% and showing improvement over the preceding figure of -0.4%.
With regards to technical trend indicators, chart analysis show that TRON made an initial breakout above its 10 day Simple Moving Average at $0.07, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that TRON's upper Bollinger Band® is at $0.073, suggesting that a downward move may follow. Technical analysis shows that TRON is currently alternating around $0.069 with price action moving above and below this key level throughout the session.
The current technical outlook indicates TRON will continue to ebb sideways within tight ranges for the immediate future.
While TRON is pretty flat so far today, mixed performances are seen elsewhere as FTX Token jumps 9.54% to trade around $1.36. EOS climbs 4.28% to trade around $1.18. UNICORN Token USD goes down 2.98% to trade around $6.43.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Crude Oil Inventories projected to come out at 440,000 — worse than previous data of 7.65 million; data will be released tomorrow at 15:30 UTC. United States ISM Manufacturing PMI (Feb) is expected tomorrow at 15:00 UTC.
Trading mostly sideways for 3 months. TRON has managed to gain 27.29% so far this year despite trading at lows around $0.05 previously.