TRON is range-bound between $0.069 and $0.069 today after shedding $0 and closing at $0.069 today.
United States Producer Price Index is next today at 12:30 UTC.
Uncertainty around TRON is reflected by published market data as United States Crude Oil Inventories came out at 2.95 million, better than analyst estimates of -917,000 and improving upon the previous reading of -1.28 million. United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 4.9%, while the previous figure was 5%. United States Core Consumer Prices came out at 0.4%, while a consensus of analysts was expecting 0.4%.
Trend and momentum analysis indicates that TRON made an initial breakout above its 10 day Simple Moving Average at $0.069, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that TRON's upper Bollinger Band® is at $0.072, suggesting that a downward move may follow. Visual analysis of TRON's chart shows that
The current technical outlook indicates TRON will continue to ebb sideways within tight ranges for the immediate future.
At the same time, mixed performances are seen elsewhere as FTX Token leaps up 9.54% to trade around $1.36. UNICORN Token USD stumbles 2.98% to trade around $6.43. NEAR Protocol closed at $1.61 (down 3.24%).
Moreover, United States Producer Price Index is projected to outperform its last figure with 0.3%. It previously stood at -0.5%; data will be released today at 12:30 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 245,000 while previous data was 242,000; data will be released today at 12:30 UTC.
Trading mostly sideways for a month. TRON has managed to gain 27.08% so far this year despite trading at lows around $0.05 previously.