Bullish phase under threat as TRON stays range-bound

While TRON is on a 5 day uptrend Today's session might suggest a slow down — a mostly flat day so far for TRON, ranging between $0.08 and $0.082; currently at $0.082.

TRON made an initial break below its 3 day Simple Moving Average at $0.076, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.084, suggesting that a downward move may follow. In contrast, TRON is oscillating around the $0.081 level serving as support.

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

Other markets show mixed performance as FTX Token is up 9.54%. Ripple climbs 4.26% to trade around $0.542.

Moreover, United States ISM Non-Manufacturing PMI (May) is scheduled for tomorrow at 14:00 UTC. United States Services PMI is expected tomorrow at 13:45 UTC.

Trading mostly sideways for 2 months. 3 days ago TRON reached a significant high of $0.083 but has consequently lost 1.17% since then.