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April 28, 2023
TRON trades at $0.066 after gaining $0 (0.36%).
United States Core PCE Price Index (MoM) (Mar) is next.
This uncertain state for TRON is reflected by published market data as highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of -5.2%. Following a previous reading of 2.6, GDP in United States released yesterday at 12:30 UTC fell short of the two figure expected by analysts with an actual reading of 1.1. Highly important Initial Jobless Claims data from United States beat analyst expectations of 248,000 with a reading of 230,000.
Trend analysis indicates 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. Asset volatility analysis shows that TRON's upper Bollinger Band® is at $0.067, suggesting that a downward move may follow. Technical analysis shows that
Overall, technical indicators suggest TRON has no obvious direction for the immediate future.
Meanwhile, 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. Binance Coin goes down 2.2% to trade around $323.44. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Core PCE Price Index (MoM) (Mar) is expected today at 12:30 UTC.
Trading mostly sideways for a month. TRON hit a significant low of $0.05 around 5 months ago, but has since recovered 31.56%.
