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February 27, 2023
TRON is consolidating around the $0.069 level after dropping $0 at the start of the trading session.
United States Core Durable Goods Orders is next today at 13:30 UTC.
TRON made an initial break below its 10 day Simple Moving Average at $0.07, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.073, 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 FTX Token jumps 9.54% to trade around $1.36. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Cardano is trading around $0.365 (down $0.004).
Moreover, United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.2%. The figure will be published today at 13:30 UTC. As things stand, upcoming United States Pending Home Sales data is projected to fall short of market expectations with newly published data of 1%, following on from the preceding figure of 2.5%. New data is set to be published today at 15:00 UTC. United States Consumer Confidence is projected to outperform its last figure with 108.5. It previously stood at 107.1; data will be released tomorrow at 15:00 UTC.
Trading mostly sideways for 3 months. This year has been a bright one for TRON after trading as low as $0.05 and going on to appreciate by 26.32% year to date.
