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

Without a clear-cut direction, TRON is trading around $0.066 and ranging between $0.066 and $0.066.

TRON made an initial break below its 50 day Simple Moving Average at $0.066, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.068, suggesting that a downward move may follow. Despite this,

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 soars 9.54% to trade around $1.36. Dogecoin added 1.89% to its value, now trading at $0.083. After ending today's session at $0.506, Ripple lost $0.006 and is trading around $0.5.

The past 3 months have been positive for TRON as it added 21.37% compared to its 3-month low of $0.05.