- Tron to trade on KuCoin with TRX/BTC and TRX/ETH trading pairs starting on August 30.
- Tron Virtual Machine (TVM) is only 4 days away; transactions on Tron network are already almost half of Ethereum’s.
- TRX/USD is on a journey of breaking barriers to the upside; next resistance target is $0.0250.
The founder of Tron, Justine Sun has today announced that TRX will be listed on KuCoin exchange come August 28 (SGT). The digital asset will be available on the exchange platform in TRX/BTC and TRX/ETH trading pairs. KuCoin is based in Singapore and focuses on providing users with a digital asset exchange that is not only convenient, but also secure.
This listing is coming ahead of the Tron Virtual Machine Launch (TVM) on August 30. The network is intent on becoming the largest blockchain in the world. Recently Tron daily transactions on the network were almost half of Ethereum’s. The official launch of TVM will continue to expand the network exponentially.
Tron price analysis
Tron price has embarked on an upward movement which began following the recent dip to the primary support at $0.0190. Tron buyers broke above the resistance at $0.020 at the end of last week while the weekend trading has been very rewarding as well. The price is trading within an ascending channel and above the 61.8% Fib retracement level with the last swing high of $0.024 and a swing low of $0.0189.
The 50 hourly simple moving average has been working as a significant support. TRX/USD is currently trading at $0.023, besides the trend is slightly bullish. The MACD is ranging marginally above the mean (0.0 mark). The 50 SMA is still above the 100 SMA while the outlook of the chart is in the favor of the bulls.
The path of least resistance is upwards sideways but the buyers must try their best to break above $0.0240 in order to open up a way towards $0.0250 and eventually $0.030. Tron has several support lines, at the 61.8% Fib level which coincides with the trendline support, the moving averages supports, $0.021 and $0.020.
TRX/USD 1-hour chart
Share
