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July 04, 2023
Without a clear-cut direction, TRON is trading around $0.078 and ranging between $0.077 and $0.078.
TRON's state is reflected by market data as United States ISM Manufacturing PMI (Jun) came out at 46, while a consensus of analysts was expecting 47.2. United States ISM Manufacturing Employment (Jun) released yesterday at 14:00 UTC with a figure of 48.1, while the previous figure was 51.4. United States ISM Manufacturing Prices (Jun) came out at 41.8, while a consensus of analysts was expecting 44.
As the day gets underway, chart analysis suggests Trend-focused traders would be interested to note that investors are seeking long positions as TRON price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, TRON's upper Bollinger Band® is at $0.079, suggesting that a downward move may follow.
All in all, the technical analysis suggests TRON has no clear-cut direction.
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. Bitcoin Cash closed at $285.92 (down 1.54%). Litecoin is up 1.55%.
Furthermore, the market is looking at United States FOMC Meeting Minutes is expected tomorrow at 18:00 UTC.
Having soared to a high of $0.083 approximately a month ago, TRON is now trading 6.5% lower.
