- Prior to Max exchange listing, TRX was added to Indodax and CoinEx cryptocurrency exchnages.
- There is stiff resistance at the 50% Fibo, but a break above this level could allow the bulls to test the key resistance at $0.060
Tron has engaged flight mode since the mainnet launch last week and it seems the team is focused on becoming a top five coin, although it is currently ranked as the 10th cryptocurrency by market capitalization. The crypto has earned the third exchange listing a single week. The token migration is coming soon and it seems the speculation surrounding Tron price is playing a big role in the current listings.
The founder of Tron, Justin Sun who is very active on Twitter and always sends out news wrote on June 5:
“MAX/Maicoin is the largest Crypto trading platform in Taiwan and #TRX now has first $TRX/$TWD trading pairs.”
Tron deposits began yesterday on Max exchange, while trading is scheduled to start on June 6. Tron was also listed on Indonesia’s largest cryptocurrency exchange, Indodax and shortly after CoinEx exchange announced TRX listing as well.
Tron price analysis
Although Tron price opened the trading on Tuesday slightly above $0.059, the crypto corrected lower in a sharp descent during the Asian hours. The support zone at $0.058 -$0.056 stood its ground stopping the declines towards the previous bottom at $0.055. TRX/USD bounced to reclaim the losses made and has broken past the 61.8% Fib retracement level with the previous swing high of $0.063 and a low of $0.055. However, there is stiff resistance at the 50% Fibo, but a break above this level could allow the bulls to test the key resistance at $0.060 before gaining momentum to face upper levels towards $0.070.
TRX/USD 15′ chart
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