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June 27, 2023
It's been more of the same this session on the back of 18 days of flat trade, Today's session so far looks to be heading in a similar way — TRON trades at $0.074, after ending today at $0.074.
This uncertain state for TRON is reflected by published market data as United States 2-Year Note Auction released yesterday at 17:00 UTC with a figure of 4.67, while the previous figure was 4.3.
As the trading day commences, technical analysis suggests Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as TRON price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that TRON's upper Bollinger Band® is at $0.074, suggesting that a downward move may follow.
Overall, the technical outlook suggests TRON is likely to remain muted for the immediate future, with no clear-cut direction.
While TRON is pretty flat so far today, mixed performances are seen elsewhere as FTX Token gained 9.54% and is currently trading at $1.36. Bitcoin Cash is trading around $221.11 (down $1.79).
Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with 1.42 million. It previously stood at -3.83 million; data will be released tomorrow at 14:30 UTC. United States Building Permits will be released today at 12:00 UTC. United States New Home Sales (May) scheduled to come out today at 14:00 UTC.
TRON has fallen back around 10.73% from the significant high of $0.083 set 26 days ago.
