TRON cryptocurrency trades up $0.001, approximately 0.78% higher going into tomorrow

Tentatively higher from an earlier low of $0.066, TRON is up to $0.067 today, adding $0.001, or 0.78%, to today's closing price of $0.066.

Despite posting gains so far today, TRON slid below its 50 day Simple Moving Average at $0.066 in earlier trade — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.067, thereby suggesting that TRON is becoming overvalued. TRON could be slowing down soon as it approaches resistance at $0.066. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems TRON is likely to reverse course and start pointing down in the short term.

TRON shows positive signs, other assets are also on par: FTX Token leaps up 9.54% to trade around $1.36. Binance Coin is up 4.61%. Litecoin is up 4.78%.

TRON has gained 20.67% since its lowest print of $0.05 earlier this year.