The mainnet was released on May 31, but the tokens are still running on Ethereum Tron will hold its first representative elections on June 26. The buyers are fighting for a support above $0.047 while the intraday critical resistance lies at $0.05. Tron price has been hit hard by selling pressure trimming most the gains accrued in the past two months. TRX/USD traded lows of $0.037 in the previous week, however, the bulls are saying no more to the bears and are taking control of the price once again. The price has embarked on a journey of breaking barriers, besides it has broken past the resistance at $0.040, $0.044 as well as $0.048 ahead of the token switch scheduled to take place tomorrow, June 21. The Tron network has been a beehive of activities in the past couple of months. The mainnet was released on May 31, but the tokens are still running on Ethereum blockchain. Significantly, the anticipated token switch is only hours away and the crypto community will witness the migration of the tokens to the Tron Blockchain. Exchanges have committed to support the switch and Tron holders have been given time to transfer their ERC20 tokens to the exchanges. After the migration, they will get back an equal amount of tokens, only this time they will be Tron tokens. Shortly after the switch, Tron will hold its first representative elections on June 26 and this will mark the independence of this digital asset. Tron price technical picture Tron price is currently forming yet another short-term bullish flag pattern that is likely to result in an upside breakout. The buyers are fighting for a support above $0.047 while the intraday critical resistance lies at $0.05. If the buyers manage to push the price above this critical level, TRX/USD will gain momentum to towards $0.06 in the near-term. On the flipside, the moving averages will offer support below $0.046, while the support at $0.044 is vital, although the major support zone is $0.0420. TRX/USD 30′ chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD Technical Analysis: testing bearish flag support FX Street 3 years The mainnet was released on May 31, but the tokens are still running on Ethereum Tron will hold its first representative elections on June 26. The buyers are fighting for a support above $0.047 while the intraday critical resistance lies at $0.05. Tron price has been hit hard by selling pressure trimming most the gains accrued in the past two months. TRX/USD traded lows of $0.037 in the previous week, however, the bulls are saying no more to the bears and are taking control of the price once again. The price has embarked on a journey of breaking barriers, besides… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
