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March 13, 2023TRON is rallying again to $0.067 (up $0.002), after erasing earlier gains.
TRON is currently trading at $0.067 following the release of U.S. President Biden speech data from the United States.
Meanwhile, United States Participation Rate (Feb) released today at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
TRON made an initial breakout above its 50 day Simple Moving Average at $0.065, a potential indicator of a newly emerging bullish phase. TRON is currently trading around the $0.067 Fibonacci resistance level.
Overall, looking at the technical analysis landscape, it seems TRON might continue pointing upwards in the short term.
TRON shows positive signs, other assets are also on par: Bitcoin gained 9.25% and is now trading at $24,230. Binance Coin added 6.21% to its value, now trading at $308.55. FTX Token is up 9.54%.
Elsewhere, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 6%. It previously stood at 6.4%; data will be released 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.
3 months ago, TRON fell to a low of $0.05 but has since recovered 30.41%.
