Losing streak continues: TRON down $0.001 to $0.069 adding to its four days of losses

TRON is consolidating around the $0.069 level after dropping $0.001 at the start of the trading session.

TRON made an initial break below its 10 day Simple Moving Average at $0.069, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.071 which indicates a further downward move may follow.

Overall, the technical analysis landscape suggests that on the balance of probability, TRON is expected to maintain its bearish bias.

In the meantime, negative performances are also seen in other markets, Bitcoin Cash closed at $113.34 (down 2.45%). Ripple is trading around $0.44 (down $0.01).

Other assets are showing positive performances as FTX Token leaps up 9.54% to trade around $1.36.

Furthermore, United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 16:00 UTC.

Trading mostly sideways for a month. This year has been a bright one for TRON after trading as low as $0.05 and going on to appreciate by 27.69% year to date.