TRON cryptocurrency trades up $0, approximately 0.72% higher going into tomorrow

TRON trades at $0.069 after gaining $0 (0.72%).

TRON is currently trading at $0.069 following the release of EIA Short-Term Energy Outlook data from the United States.

At the same time, United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.695, while the previous figure was 3.81.

Technical analysis trend indicators suggest that TRON made an initial breakout above its 10 day Simple Moving Average at $0.069, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.071, thereby suggesting that TRON is becoming overvalued. Following today's trading session, chart analysis suggests TRON could be slowing down soon as it approaches resistance at $0.069. Of course, crossing it might suggest further gains are ahead.

All in all, the technical analysis suggests TRON has no clear-cut direction.

TRON shows positive signs, other assets are also on par: having closed the previous session at $111.24, Bitcoin Cash is up 10.07% today to currently trade at around $122.43. FTX Token is up 9.54%. Litecoin is up 2.68%.

Furthermore, the market is looking at tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1.6 million from the preceding figure of -1.28 million.

Also worthy of note, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.

Trading mostly sideways for a month. TRON has recovered 36.88% since descending to a significant low of $0.05 around 5 months ago.