Mixed sentiment leads TRON cryptocurrency to trade sideways; establishes tight $0.059 to $0.06 range

TRON is now trading at $0.059 after tracing out a steady $0.059 – $0.06 range today.

TRON made an initial breakout above its 5 day Simple Moving Average at $0.06, a potential indicator of a newly emerging bullish phase. TRON's upper Bollinger Band® is at $0.075 and the lower is $0.057.

Although price action remains in a stalemate, technical analysis suggests TRON could be primed for a break to the upside.

Meanwhile, mixed performances are seen elsewhere as FTX Token is up 9.54%. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Ripple stumbles 1.11% to trade around $0.362.

Over the past 10 months, TRON has retreated 32.33% from a noteworthy peak of $0.088.