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June 24, 2023
After a mostly steady day, TRON loses $0 late into the session, trading at $0.073.
Meanwhile, United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 166,500, while the previous figure was 155,100. United States CFTC Gold speculative net positions came out at 163,000.
TRON made an initial break below its 50 day Simple Moving Average at $0.073, a possible indication of a forthcoming negative trend. TRON's upper Bollinger Band® is at $0.077 which indicates a further downward move may follow. On the other hand, note that
Overall, the technical analysis landscape suggests that on the balance of probability, TRON is expected to maintain its bearish bias.
Other assets are showing positive performances as having closed the previous session at $181.14, Bitcoin Cash is up 7.41% today to currently trade at around $194.57. FTX Token gained 9.54% and is now trading at $1.36. EOS added 2.64% to its value, now trading at $0.754.
Having soared to a high of $0.083 approximately 23 days ago, TRON is now trading 11.46% lower.
