Key Takeaways:
- Propy (PRO), the real estate transaction automation for homebuyers, brokerages and title companies, scored a listing on Coinbase Pro.
- Propy bulls pushed the price over 110% in a single-day rally.
YEREVAN (CoinChapter.com) – Propy blockchain’s native token PRO will be listed on the professional trading platform Coinbase Pro, part of the largest centralized exchange in the US: Coinbase. The company also listed Inverse Finance (INV), Liquity (LQTY), Polyswarm (NCT) to diversify their offers.
Coinbase alerted its followers to transfer their tokens to the Coinbase Pro account ahead of trading. The latter began at 9 am Pacific Time (PT), Jan 13. As usual, the exchange noted that adding more tokens is the most popular client demand.
The PRO token will be available in several trading pairs: PRO-USD, PRO-USDT, and PRO-EUR. The order books will run in phases: post-only, limit-only, and full trading.
Natalia Karayaneva, Propy’s chief executive, shared the news and noted that it would be much easier to participate in the Propy ecosystem after the listing.
Also read: NEAR’s 35% rally halted despite the protocol’s achievements.
In the wake of the listing announcement, the real estate transaction token jumped over 110%, landing the PRO/USDT exchange rate at $2.42 in Thursday’s New York session.
Propy (PRO) token daily price chart
PRO formed a pattern known as the Falling Wedge. It consists of two trendlines with a negative slope. They gradually lower the price swing. The formation is bullish, and it could take Propy to new highs. The vertical uptrend also resulted in a Golden Cross between the 20-day exponential moving average (EMA-20) and the EMA-50.
The formation occurs anytime a short-term MA crosses over a long-term MA. Even though the cross is a result of the price action and not the cause, the EMA-20 could still assist PRO and halt bearish slides.
Also read: Bitcoin price should hold $40K for a $100K bull run setup, says Fidelity executive.
In the latest explosive rally amid market correction, PRO shot up 300%, briefly hitting $4.58. However, the token fell short of topping its all-time high and declined hours later. On Jan 13, the price action moved sideways, without a distinctive bias. However, the upcoming session will show if a continuation rally will follow.
Moreover, PRO could hold support at $2.45. Previously a resistance line, the level could keep the token from plunging.
