TRON to be listed on Poloniex, TRX/USD stops within a whisker of $0.02

TRON's TRX will be added to Poloniex as of November 12.
TRX/USD gained ground but failed to pass critical resistance.

The US-based cryptocurrency exchange Poloniex announced the decision to add TRON's cryptocurrency to the list of tradable instruments. NTRX will become available in pairs against BTC and USDT from November 12.

"Customers will be able to post limit orders for $TRX / $BTC, $TRX / $USDT and $TRX / $USDC pairs on 2019/11/12 at 15:00 UTC," the company announced on Twitter.

Notably, shortly before the announcement, the exchange had invited users to guess the next asset to be listed on the platform. Many users suggested that it would be TRON, because the founder of the project Justin Sun was connected to the Asian investment group that supports Poloniex operator.

At the time of writing, Poloniex sits on the 11th place in the global cryptocurrency rating. The coin with the current market value of $1.3 billion is changing hands at at $0.0194, which is 3% higher from this time on Sunday.

Looking technically, TRX/USD is supported by the middle line of the daily Bollinger Band at $0.0188. Once it is out of the way, the sell-off is likely to gain traction with the next focus on $0.0170 (SMA100 (Simple Moving Average) daily).

On the upside, the initial resistances awaits the coin on approach to Sunday's high of $0.0198. It is closely followed by a psychological $0.02.

TRX/USD, the daily chart

Share: Cryptos feed

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.