- TRON down 3% amid overall bearish sentiment.
- Coin is listed on CoinEx following the mainnet launch.
Tron, now the 10th largest digital asset by market capitalization, is under selling pressure. It has lost over 3% since this time on Monday and broke below $0.0580 level. TRX/USD is changing hands at $0.0575, off the Asian low at $0.0568.
Tron spiked to $0.0840 on May 21, since that time the coin lost over 30% of its value as the hype that accompanied the expectation of mainnet launch has subsided. Tron is to be listed on CoinEx. This event is likely to provide a support for the digital coin, though the extensive rally is less likely.
“#TRON $TRX #TRX will be listed on @coinexcom, you can deposit #TRX and trade TRX/BCH, TRX/BTC at 11:00am, June 6, 2018 (GMT+8),” Justin Sun from Tron Foundation wrote in his Twitter account
Tron’s short-term technical picture
As it is shown on the hourly chart, TRX/USD is still below all key MA levels with the nearest resistance registered at $0.0600 (100-SMA at $0.0597 and 50% Fibo at $0.0614). On the downside, the local bearish target comes at $0.05700, followed by $0.0550
TRX/USD, the hourly chart
Share
