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April 25, 2023
TRON is trading at $0.066 after closing the previous day at $0.066.
- United States Building Permits is next.
- TRON has been pretty quiet for the last a month, trading mostly flat and moving by only $0 on average.
Technical analysis of TRON before macro data is released:
TRON made an initial break below its 21 day Simple Moving Average at $0.066, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.067, suggesting that a downward move may follow. On the other hand, note that TRON is currently alternating around $0.066 with price action moving above and below this key level throughout the session.
Despite the market lacking direction, technical chart analysis strongly suggests TRON is positioned for a downward move in the near term.
Coming up for TRON — United States Core Durable Goods Orders projected to come out at -0.2% — worse than previous data of -0.1%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC.
As the markets get ready for more data to be released — FTX Token is up 9.54%. UNICORN Token USD is trading around $6.43 (down $0.197). MaticNetwork USD closed at $0.965 (down 2.49%).
Trading mostly sideways for a month. TRON hit a significant low of $0.05 around 5 months ago, but has since recovered 32.23%.
