Tron goes to Poland with the newly announced BitBay listing; TRX/USD rangebound under $0.02
|- TRON is capped by $0.02 and by DMA50 at $0.0226.
- Tron is now listed at BitPay, the largest crypto exchange in Poland.
Tron, now the 13th largest digital coin by market capitalization, is changing hands at $0.0199. The coin has recovered from Wednesday's low at $0.01860, but the upside is capped by psychological $0.02 which has limited coin's recovery for a recent couple of days. TRX/USD has gained 1.5% since this time yesterday and stayed unchanged since the beginning of Thursday.
From the technical point of view, TRX/USD is well-supported by a confluence of short-term SMA levels located on the approach to $0.019. If it is cleared, the downside may be extended towards $0.01860 (September 19 low) and $0.0180 (September 17 low). On the upside, $0.02 holds the key for further recovery with the initial aim at $0.0226 (DMA50). The price has been moving below DMA50 since May 28; thus the sustainable breakthrough will signal the long-term reversal.
Tron conquers Poland
The largest cryptocurrency exchange in Poland BitBay will add Tron support for TRX/BTC, TRX/EUR, TRX/USD, TRX/PLN trading pairs, according to the announcement made by the exchange.
“TRON is an ambitious project. We have no doubt that its protocol is one of the biggest operating systems in the world based on the blockchain network. We are very proud to list TRX on BitBay and present it to our users. We hope that our contest for traders will drive even more attention to TRON” Patryk Kadlec, VP, Chief of Business Development at BitBay commented in the official press release.
It is worth noting that BitPay is the third largest trading platform for digital assets in Europe and controls over 70% of cryptocurrency trading market in Poland.
“BitBay is one of the biggest digital asset exchanges in the European area. The listing of TRX on BitBay is another milestone for us, representing another significant step of TRON into the European market. We believe that the cooperation between the two parties will provide users with more purchasing channels that are safer and more convenient. This will be a win-win cooperation,” Justin Sun, the founder and CEO of TRON said.
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