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Poloniex to add support for TRON {TRX} soon; latest lesson introduces the uses linked to a Block Explorer

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In accordance with the candlestick chart linked to the TRX/USD pair on tradingview [based on data drawn from the Bitfinex Exchange], buyers are trying their best to take over but sellers are putting up a fight. For the past week, the peaks tied to the Awesome Oscillator all possessed the brown shade, which serves as an indicator for bearish momentum which has already affected TRX in November.

The daily RSI [for 14 periods] sits at 55.88 which signifies that TRON is marching through the neutral zone. From 8th October onwards, the MACD line has stayed underneath the signal line, thereby resulting in the creation of a red histogram below the zero line. Barriers may be felt at $0.023, and initial support can be found adjacent to the $0.018413 mark.

Information gathered from Circle insider sparked off a rumor which stated that Justin Sun [the CEO of BitTorrent] was behind an effort to purchase Poloniex. This allegation hasn’t been proven to this day; on 12th November [at 11:00 am PST] Justin will be conduct a livestream[via Periscope].

TRON is ranked at #11 to the south of Stellar Lumens in the market. The trading volume recorded stands at approximately $1.184 billion as of this instant. The price grew at a rate of 2.09% in the course of the past 24-hours. This, in turn, caused TRX to head all the way up to the $0.019413 mark where it currently holds. The total market cap of TRON amounts to $1.294 billion.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.