TRON down $0, closing at $0.069, for its 4th straight negative day

TRON remains range-bound within a $0.069 to $0.07 range but falls to $0.069 in choppy trade.

TRON chart analysis: Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Bollinger Bands® shows an indication of recovery: the lower band is at $0.069, a low enough level to, generally, suggest that TRON is trading below its fair value.

Overall, the technical outlook suggests TRON is likely to remain muted for the immediate future, with no clear-cut direction.

In the meantime, negative performances are also seen in other markets, Cardano is down $0.01 from the beginning of the session and now trades around $0.266. EOS slides down 2% to trade around $0.682.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

Having set a significant high of $0.083 10 days ago, TRON is trading 15.87% lower.