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June 25, 2023
Tentatively higher from an earlier low of $0.072, TRON is up to $0.073 today, adding $0.001, or 1.58%, to today's closing price of $0.072.
A study of TRON's historical price actions shows TRON could be slowing down soon as it approaches resistance at $0.073. Of course, crossing it might suggest further gains are ahead. Trend-following investors would be interested to note that TRON made an initial breakout above its 50 day Simple Moving Average at $0.073, 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 $0.076, thereby suggesting that TRON is becoming overvalued.
All in all, the technical analysis suggests TRON has no clear-cut direction.
Other markets are also showing gains as FTX Token is up 9.54%. Having closed the previous session at $4.74, UNICORN Token USD is up 11.72% today to currently trade at around $5.29.
At the same time, Bitcoin Cash is down $19.31 from the beginning of the session and now trades around $195.
Having set a significant high of $0.083 24 days ago, TRON is trading 12.62% lower.
