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FxWirePro: TRON/USD surpasses IOTA market cap, markets eye Main Net

  • Tron Main net to be launched in 8 days and 12 hours mentioned in Tron website. The MainNet will ne launched on May 31st and migration of token to the new Tron block chain will happen from the 21st of Jun to the 25th June. The lot of notable exchanges supporting Tron migration form Jun 21st .The main exchanges are Bitfinex, Bitterex, Binance, coinnest ,Bixin and RightBTC. Tron shall migrate from ERC-20 which is Ethereum’s block chain to its own block chain. Tron is only top 10 crypto currency to make positive movement in the past one week. Tron gained almost more than 10% yesterday which enabled them to surpass IOTA and reached 9th position in terms of market cap.
     
  • Technically, Tron has taken support near trend line and shown a minor jump from that level. Any convincing break below 0.0600 (trend line support) will take to next level till 0.053/0.0700.
     
  • On the higher side, any break above minor resistance at 0.08600 will take the pair till 0.09300/0.100/0.15.

It is good to buy on dips around 0.00740-45 with SL around 0.053 for the TP of 0.15/0.35/0.50. 

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