- TRON down 3% amid overall bearish sentiments.
- Tron announces reward program to eliminate vulnerabilities.
Tron, now the 10th largest digital asset by market capitalization, is sidelined under $0.060, off Tuesday’s high reached at $0.0613. It has gained over 2% since this time yesterday, but the upside momentum has faded away.
Tron has recently launched the MainNet and now moving closer to its “Independence Day” scheduled on June 25. Following the example of EOS, Tron Foundation has offered generous rewards to those who help eliminated the system bugs and vulnerabilities.
“We take the security of our platform very seriously. We are looking for developers who specialize in global network security to help make TRON MainNet one of the most secure public blockchains in the industry and provide a stable infrastructure for future DApps to be deployed on the MainNet,” said Justin Sun, founder of the TRON Foundation.
Tron’s short-term technical picture
As it is shown on the hourly chart, TRX/USD stays above 50-SMA (hourly chart) at $0.0590. Once this local support area is broken, the selling pressure may take the price towards the next pivotal zone at $0.0570, followed by $0.0550. On the upside, the nearest resistance registered at $0.0600 (with 200 and 100-SMA clustered around that area and 50% Fibo at $0.0614). If it is cleared, the upside may be extended towards $0.0638 (June 3 high)
TRX/USD, the hourly chart
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