TRON continues trading sideways, currently at $0.07

It's been more of the same this session on the back of 11 days of flat trade, Today's session so far looks to be heading in a similar way — without a clear-cut direction, TRON is trading around $0.07 and ranging between $0.07 and $0.07.

This uncertain state for TRON is reflected by published market data as data for United States Crude Oil Inventories released yesterday at 15:30 UTC is better than expected with 1.17 million, but worse than previous figure of 7.65 million. United States ISM Manufacturing PMI (Feb) came out at 47.7, while a consensus of analysts was expecting 48. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 307,000, while the previous figure was 700,000.

TRON's upper Bollinger Band® is at $0.073, suggesting that a downward move may follow. In contrast,

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 gained 9.54% and is now trading at $1.36. UNICORN Token USD draws back 2.98% to trade around $6.43.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Initial Jobless Claims projected to come out at 195,000 — worse than previous data of 192,000; data will be released today at 13:30 UTC. United States ISM Non-Manufacturing PMI (Feb) scheduled to come out tomorrow at 15:00 UTC.

Trading mostly sideways for 3 months. This year has been a bright one for TRON after trading as low as $0.05 and going on to appreciate by 27.08% year to date.