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May 02, 2023
TRON is consolidating around the $0.068 level after dropping $0 at the start of the trading session.
- United States JOLTs Job Openings (Mar) is next today at 14:00 UTC.
- TRON has been pretty quiet for the last a month, trading mostly flat and moving by only $0 on average.
Earlier data releases related to TRON – United States ISM Manufacturing PMI (Apr) came out at 47.1, while a consensus of analysts was expecting 46.8. United States OPEC Crude Oil Production Libya (Barrel) released today at 11:15 UTC with a figure of 1.1 million, while the previous figure was 1.13 million.
Technical analysis of TRON before macro data is released:
TRON made an initial break below its 5 day Simple Moving Average at $0.067, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.069, suggesting that a downward move may follow. In contrast,
According to technical indicators, TRON is positioned for a downward move in the short term.
Coming up for TRON — United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC. United States Interest Rate figure is projected at 5.25. It previously stood at five; data will be released tomorrow at 18:00 UTC.
As the markets get ready for more data to be released — having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. Binance Coin closed at $323.71 (down 1.32%).
Trading mostly sideways for a month. TRON hit a significant low of $0.05 around 5 months ago, but has since recovered 36.96%.
