After three days of going down, TRON is stable today, trading around $0.071

A mostly flat day so far for TRON, ranging between $0.071 and $0.071; currently at $0.071.

This uncertain state for TRON is reflected by published market data as data for United States Retail Sales released yesterday at 12:30 UTC is better than expected with 0.3%, but worse than previous figure of 0.4%. New United States Initial Jobless Claims data fell short of the 250,000 projected by analysts with a reading of 262,000 while failing to improve upon the previous reading from last month (262,000). United States Philadelphia Fed Manufacturing Index (Jun) released yesterday at 12:30 UTC with a figure of -13.7, while the previous figure was -10.4.

TRON made an initial breakout above its 5 day Simple Moving Average at $0.071, a potential indicator of a newly emerging bullish phase. TRON's upper Bollinger Band® is at $0.083 and the lower is $0.067.

Despite muted price action in TRON, chart analysis indicates it is positioned for a bullish run in the short term.

At the same time, mixed performances are seen elsewhere as FTX Token rallies 9.54% to trade around $1.36. Binance Coin is up 0.85% to $237.71.

TRON has fallen back around 14.41% from the significant high of $0.083 set 15 days ago.