- TRX ERC20 token holders to turn to Binance, Kucoin, and Gate.io for migration to mainnet tokens.
- Tron buyers fight to re-enter range support after embracing $0.2450 support.
An official announcement via Tron Medium channel on February 1, 2019, indicates that consultation services for ERC20 TRX tokens are no longer available. Tron network launched its mainnet officially on June 25, 2018. Consequently, a token migration was conducted supported by several exchanges including Binance. However, due to some doubts, some users held on to their ERC20 TRX tokens. Therefore, Tron kept the Website’s ERC20 wallet withdrawal service live but the service has been stopped.
All the users with ERC20 TRX tokens are requested to use exchanges like Binance, Kucoin, Gate.io to do the remaining token migration. The above-mentioned exchange according to the Medium post will “will automatically convert ERC20 TRX to the TRX Mainnet coins.”
Tron price technical picture
Tron is seen exchanging at $0.02638 at press time. The 8th largest digital asset had corrected lower on the first day of February. However, after find support at $0.0245, the bulls are battling to reenter the range support at between $0.02650 and $0.02850. The upside is immediately limited by the 1-hour 100-day Simple Moving Average (SMA) at $0.02689 and the 50-day SMA currently at $0.02719. Tron is expected to continue trending higher in the remaining session on Friday, besides the stochastic oscillator has entered the oversold region to show that the bulls are gaining ground against the bears.
TRX/USD 1-hour chart 
Share
