Tron Price Resumes Bearish Trend as TRX/BTC Drops Below 500 Satoshi
It would appear everything is proceeding as planned in the rather volatile cryptocurrency world. Most of the markets are either in the green or not tiny losses which is not all that worrisome. The Tron price is also heading south, primarily because the hourly charts continue to add minute bearish pressure to the overall trend.
It is only normal some crypto market swill suffer from a retrace of sorts during the weekend. As Saturdays and Sundays are usually very bearish for top markets, the overall trend today comes as somewhat of a surprise. However, markets such as Tron do not always get to benefit from a stable Bitcoin price during these times. Today is no exception in that regard, as minor losses can be noted across the board.
To put this in a different spotlight, it would appear the Tron price is suffering from a 1.26% loss as it dropped to $0.026101. What is slightly more worrisome is how TRX/BTC continues to head south as well. A fresh 2.05% loss drives this ratio down to 490 Satoshi. It is evident the 500 Satoshi level remains under a fair bit of pressure these days, and may continue to go lower in the near future.
On social media, there are some questions as to which currencies, tokens, and assets will make their way to Binance DEX in the coming months. Sonny Red wouldn’t mind seeing TRX and BTT get listed on this platform in the near future. While TRX would seem like a solid bet, the listing of BTT is a different matter altogether.
— ???️?? ? [$TRX] ☝??? ???? (@SonnyRed82) April 20, 2019
Speaking of exchanges and Tron trading, it would appear BW – the Asian platform -has finally decided to get on board with Tron. Why it has taken the company this long, is difficult to answer right now. Even so, traders can exchange TRX for Bitcoin, Ethereum, and USDT. Very interesting pairs which can only help improve Tron’s overall trading volume and liquidity.
— It’s quotes! (@itsgoodquotes) April 20, 2019
As one would come to expect in 2019, there are still people who genuinely want to see some markets burn to the ground. Colector72 Crypto makes an interesting comment in this regard, as he hopes to see TRX drop down to $0.0183. In fact, he hopes others will help push the price down to this level, which is not necessarily the kind of attitude this industry needs right now.
— Collector72 Crypto (@Collector72) April 20, 2019
All things considered, Tron’s current losses are anything but insurmountable. Even though things might not look all that promising right now, these losses can be recouped with little to no effort. Reclaiming the 500 Satoshi level would be an important first step, albeit it might not happen before the weekend comes to an end.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.