|

TRON to be listed on Poloniex, TRX/USD stops within a whisker of $0.02

  • TRON's TRX will be added to Poloniex as of November 12.
  • TRX/USD gained ground but failed to pass critical resistance.

The US-based cryptocurrency exchange Poloniex announced the decision to add TRON's cryptocurrency to the list of tradable instruments. NTRX will become available in pairs against BTC and USDT from November 12.      

"Customers will be able to post limit orders for $TRX / $BTC, $TRX / $USDT and $TRX / $USDC pairs on 2019/11/12 at 15:00 UTC," the company announced on Twitter.

Notably, shortly before the announcement, the exchange had invited users to guess the next asset to be listed on the platform. Many users suggested that it would be TRON, because the founder of the project Justin Sun was connected to the Asian investment group that supports Poloniex operator.

At the time of writing, Poloniex sits on the 11th place in the global cryptocurrency rating. The coin with the current market value of $1.3 billion is changing hands at at $0.0194, which is 3% higher from this time on Sunday.

Looking technically, TRX/USD is supported by the middle line of the daily Bollinger Band at $0.0188. Once it is out of the way, the sell-off is likely to gain traction with the next focus on $0.0170 (SMA100 (Simple Moving Average) daily).

On the upside, the initial resistances awaits the coin on approach to Sunday's high of $0.0198. It is closely followed by a psychological $0.02.

TRX/USD, the daily chart


 

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party
Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.