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  • Bitnovo also supports cryptocurrency purchases using the Bitnovo card and bank transfers systems.
  • Customers get the coins in their wallets less than half an hour after purchase.
  • Tron price has recovered from the lows at $0.029, but the upside is capped by the $0.030 stubborn resistance.

Tron founder, Justin Sun has expressed his gratitude to Bitnovo, a cryptocurrency platform that gives users the ability to purchase Bitcoin, Ethereum, Litecoin and other cryptocurrencies. Tron users will now be able to buy TRX in more than 20,000 stores spread across Spain and Italy.

Users buy vouchers in stores which can then be redeemed for cryptocurrencies. Some of the stores include Carrefour, Game, and FNAC among others. Bitnovo assures its customers of top security when buying cryptos. In addition to that, customers get the coins in their wallets less than half an hour. Significantly, the purchase can be made from anywhere using Bitnovo’s card or through bank transfer system.

Tron price analysis

Tron is trading below both June and July lows explored during the analysis I covered yesterday. The price is facing stiff resistance at $0.030 after recovering from trading lows at $0.029 on the day. The bearish trendline is the critical resistance at the moment. Besides, TRX/USD has been tumbling down every time it touches the trendline.

Therefore, at the moment, the buyers must fight for a break above the trendline resistance for them to realize a sustained uptrend towards $0.031 and the critical 23.6% Fib retracement level resistance taken between the lows of 0.029 and the highs of $0.0409. But before that, the 50 simple moving average resistance at $0.0317 must be dealt with. The MACD has been on the negative side for three days day and the sellers are surely getting tired. The buyers are likely to find an entry and this time it is important that they put their best forward and retrace above the trendline resistance.

TRX/USD hourly chart