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April 18, 2023
TRON is trading at $0.066 after closing the previous day at $0.066.
United States Building Permits (Mar) is next today at 12:30 UTC.
Uncertainty around TRON is reflected by published market data as United States TIC Net Long-Term Transactions (Feb) came out at 71 billion, while a consensus of analysts was expecting 101.9 billion. United States NY Empire State Manufacturing Index (Apr) released yesterday at 12:30 UTC with a figure of 10.8, while the previous figure was -24.6.
Technical analysis trend indicators suggest that TRON made an initial breakout above its 21 day Simple Moving Average at $0.066, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, TRON's upper Bollinger Band® is at $0.067, suggesting that a downward move may follow. Technical chart analysis shows
The current technical outlook indicates TRON will continue to ebb sideways within tight ranges for the immediate future.
While TRON is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. Having closed the previous session at $98.79, Litecoin is up 3.04% today to currently trade at around $101.8. Avalanche increases 3.09% to trade around $21.15.
Furthermore, the market is looking at tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -2.46 million from the preceding figure of 597,000. United States Building Permits (Mar) is expected today at 12:30 UTC.
TRON hit a significant low of $0.05 around 4 months ago, but has since recovered 31.56%.
