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March 15, 2023
While TRON is on a 5 day bullish trend, Today's session might suggest a slow down — TRON trades at $0.067, after ending today at $0.067.
United States Producer Price Index is next.
The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions.
Despite muted price action in TRON, chart analysis indicates it is positioned for a bullish run in the short term.
While TRON is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. EOS improves 1.69% to trade around $1.14.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Retail Sales expected to decline to -0.3% while its preceding data was 3%, data will be available today at 12:30 UTC. United States Core Retail Sales projected to come out at -0.1% — worse than previous data of 2.3%; data will be released today at 12:30 UTC. Today at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.
TRON has managed to gain 21.7% so far this year despite trading at lows around $0.05 previously.
