After three days of persistent declines, TRON stabilises around $0.065

Although TRON ended today strong and rose from $0.065 to $0.066, it dropped back today and is now priced at $0.065.

TRON is currently trading at $0.065 following the release of Services PMI data from the United States.

TRON's state is reflected by market data as United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) released yesterday at 12:30 UTC with a figure of -31.3, while the previous figure was -23.2.

TRON made an initial break below its 50 day Simple Moving Average at $0.065, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.067, suggesting that a downward move may follow. In contrast,

Despite the market lacking direction, technical chart analysis strongly suggests TRON is positioned for a downward move in the near term.

Meanwhile, mixed performances are seen elsewhere as FTX Token gained 9.54% and is now trading at $1.36. After ending today's session at $0.476, Ripple lost $0.019 and is trading around $0.457. Ethereum closed at $1,884.67 (down 3.12%).

Trading mostly sideways for 28 days. 5 months ago, TRON fell to a low of $0.05 but has since recovered 30.91%.