TRX/USD refuses to leave the range even as TRON ranked as No. 3 blockchain according CCID
|- TRON's TRX has settled in a tight range recently.
- CCID published its recent rating of public blockchains.
TRON is trading at $0.0146 at the time of writing, down 1.5% in recent 24 hours. The coin retreated from 11th place to 13th position with the market value of $968 million and an average daily trading volume of $909 million. For the recent several days, the coin has been sitting in a tight range limited by $0.0148 on the upside and $0.0144 on the downside.
TRON ranked as #3 by CCID
China Electronic Information Industry Development (CCID) published 15th global rating for public blockchains. CCID ranged TRON as the third-best blockchain inferior only to EOS and Ethereum. The news was announced by TRON's founder Justin Sun.
According to the CCID’s 15th global public blockchain technology assessment index, TRON was ranked top 3 in this list together with EOS and ETH. In addition, TRON also ranked No.1 among all Chinese Public Blockchain.
Notably, the announcement had little effect on TRON's price so far as the coin tends to move in sync with the market.
Also, TRX has been caught in controversy lately, when the US_based cryptocurrency exchange attempted to shill TRX on its Twitter account. While the tweet was swiftly removed, the community noticed it before it was gone.
TRON's technical picture
Looking technically, we will need to see a sustainable move above $0.0148 for the upside to gain traction. Once this barrier is out of the way, psychological $0.0150 reinforced by the middle line of the daily Bollinger Band, will come into focus.
On the downside, once $0.0144 cracks, the coin may continue the sell-off towards $0.0140 and November 25 low at $0.0131.
TRX/USD, the daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.