Mixed sentiment leads TRON cryptocurrency to trade sideways; establishes tight $0.066 to $0.067 range

Although TRON ended today strong and rose from $0.066 to $0.067, it dropped back today and is now priced at $0.066.

TRON made an initial break below its 21 day Simple Moving Average at $0.066, 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.

While TRON is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Ripple closed at $0.467 (down 0.99%). Cardano closed at $0.391 (down 1.18%).

Trading mostly sideways for a month. TRON has recovered 32.2% since descending to a significant low of $0.05 around 5 months ago.