Of tonight’s batch, TRON is the most useful for our Chinese-speaking community. USDT withdrawals on the TRX network are now available. Transfers are usually cheap and fast, so a lot of people use this chain by default.
SOL, ARB, Polygon, and AVAX also went live around the same time. In the six hours since 2 o’clock, more than ten chains have come online—faster than I expected.
The more chains people can withdraw on, the fewer are stuck on the exchange. That’s basically taken the pressure off the whole market.
But TRX itself is another story. It was still above 0.36 three days ago, and this morning it plunged to a low of 0.3026. It’s now at 0.31 USDT, and opening withdrawals hasn’t made it rally.
It still looks weak to me. I’d wait for it to hold above 0.30; getting back to 0.32 would be a sign that the decline has stopped. #币安陆续恢复多个资产及网络提现服务 $TRX
SOL, ARB, Polygon, and AVAX also went live around the same time. In the six hours since 2 o’clock, more than ten chains have come online—faster than I expected.
The more chains people can withdraw on, the fewer are stuck on the exchange. That’s basically taken the pressure off the whole market.
But TRX itself is another story. It was still above 0.36 three days ago, and this morning it plunged to a low of 0.3026. It’s now at 0.31 USDT, and opening withdrawals hasn’t made it rally.
It still looks weak to me. I’d wait for it to hold above 0.30; getting back to 0.32 would be a sign that the decline has stopped. #币安陆续恢复多个资产及网络提现服务 $TRX
