- TRX/USD lost over 5% in the recent 24 hours.
- BTT token is being listed on major exchanges.
TRON has recovered from the Asian low of $0.0240 to trade at $0.0255 by press time. The coin has been sliding down recently amid global cryptocurrency market sell-off. However, it is still one of the best-performing coins of the year, with over 32% gains since January 1.
BitTorrent’s BTT token is already available on many exchanges including OKEx, Binance, and UpBit. CoinTiger will list the token as of February 1, and more exchanges are coming.
Justin Sun, the CEO of TRON Foundation and the creator of TRON hailed a successful; BTT launch and carried out in partnership with Finance. It is worth noting that BTT saw an exponential price increase upon launch due to strong demand from the investors that could not participate in the ICO.
TRON’s technical picture
TRX/USD bulls need to take the coin above $0.02750 (Thursday’s high) and psychological $0.02800. Once this area is cleared, the recovery may be extended towards critical $0.0300. This area proved to be a hard nut to crack in January.
On the downside, the initial support comes at $0.0250, followed by the recent low of $0.0240. Once it is out of the way, the sell-off may gain traction with the next target area $0.0232 (January 21 low) and $0.02290 (50% Fibo retracement for the recent rally). A sustainable move lower will signal the end of the bullish run.
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