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June 12, 2023
Currently trading at $0.071, TRON remains range-bound between $0.069 and $0.071.
Meanwhile, United States Federal Budget Balance (May) released today at 18:00 UTC with a figure of -240 billion, while the previous figure was 176 billion. United States 10-Year Note Auction released today at 17:00 UTC with a figure of 3.791, while the previous figure was 3.448. United States 3-Year Note Auction released today at 15:30 UTC with a figure of 4.202, while the previous figure was 3.695.
TRON made an initial breakout above its 3 day Simple Moving Average at $0.07, a potential indicator of a newly emerging bullish phase. TRON's lower Bollinger Band® is at $0.069, indicating that the market is oversold and fertile for new buyers. Despite this, TRON could be slowing down soon as it approaches resistance at $0.071. Of course, crossing it might suggest further gains are ahead.
TRON continues to move higher with technical analysis indicating the trend will continue in the short term.
TRON shows positive signs, other assets are also on par: FTX Token jumps 9.54% to trade around $1.36. Cosmos USD is up 4.12%.
At the same time, Binance Coin is trading around $229.67 (down $5.6).
Furthermore, the market is looking at United States Consumer Price Index figure is projected at 0.2%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 4.1%. It previously stood at 4.9%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
Approximately 11 days ago, TRON reached a significant high of $0.083 but has struggled to hold onto its gains and declined 15.17% since then.
