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July 01, 2023
TRON trades at $0.077 after gaining $0 (0.64%).
Meanwhile, United States Core PCE Price Index (YoY) (May) came out at 4.6, while a consensus of analysts was expecting 4.7. United States Core PCE Price Index (MoM) (May) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.4. Fresh CFTC S&P 500 speculative net positions data from United States came out at -208,300.
Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that TRON's upper Bollinger Band® is at $0.077, this is a slight indication of a slowdown. Chart analysis indicates TRON could be slowing down soon as it approaches resistance at $0.077. 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: FTX Token added 9.54% to its value, now trading at $1.36. EOS is up 5.35%.
Meanwhile, Bitcoin Cash drops 5.93% to trade around $288.53.
Trading mostly sideways for 30 days. TRON is now trading 7.96% below the significant high of $0.083 it set around 30 days ago.
