TRON (TRX) Weekly Update: Resistance at $0.060

TRON (TRX) Weekly Update: Resistance at $0.060

TRON (TRX) is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. Here is how Tron (TRX) has performed over the week.

At January 05, TRX soared high at 0.220 USD. So far it hasn’t been able to reach that level again but remains steady in the range of 0.057 USD to 0.068 USD without much trouble.

A review of Tron (TRX) over the week shows  TRX at 0.066 USD on May 28.  From there on it goes downhill and is currently standing at 0.060 USD. Although Tron (TRX) has decreased by 0.006 USD over the week it is still unsure whether TRX will rise or fall in the coming days.

There has been a decrease of 4.18% in the last 24 hours and TRX faces resistance at the 0.060 USD mark. As of now, it stands on the 10th rank with a market cap of 3.9 billion USD.

The latest news on Tron (TRX) reports that TRX has now entered Indonesia with Indodax to trade with Rupiah. The TRX team has been working tirelessly in every possible manner to make their currency and blockchain protocol the best all across the globe. In a recent announcement, Tron along with Binance reported its expansion to Malta which is a pro blockchain nation.

Tron and its community were welcomed by Indonesia in order to expand their reach in Asia. Indodax, the digital asset exchange from Indonesia has decided to collaborate with the world’s tenth biggest cryptocurrency to expand their reach through the nation. Tron [TRX] will be accessible to trade its first-ever Rupiah trading pair through Indodax.

Indodax already has some top currencies like Ripple (XRP), Bitcoin (BTC) and Ethereum (ETH) on its platform, where Bitcoin (BTC) and Rupiah are already trading pairs. As per CoinMarketCap, Indodax is worth a market cap of 23.4 billion USD.

At present, TRX is listed on a total of 98 exchanges around the world with the recent addition to this list is Indodax. Justin Sun, CEO of TRON (TRX) tweeted about this:

“#TRON has expanded into #Indonesia and you can now trade #TRX in our first Rupiah pairs $TRX/$Rp. More exchanges are coming! #TRONSR.”

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.