Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (28 May 2018 - 2nd June 2018)
Data & Research

Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (28 May 2018 – 2nd June 2018)

Cardano (ADA)

  • The price of Cardano against the US dollar has grown this week.
  • There is a short-term bullish trend line forming with resistance at 0.229746 USD.
  • We predict that the pair would grow further.

The ADA price against the US dollar has grown this week. The pair has grown more or less every day this week. There hasn’t been a considerable amount of change in the prices of the cryptocurrency but the pair managed to grow from 0.193644 USD to 0.221858 USD this week.

ADA Price Chart Weekly Update
Source: CoinMarketCap

Major Support Level – 0.174303 USD

Major Resistance Level – 0.229746 USD

Stellar (XLM)

  • Stellar has grown slightly against the US dollar this week.
  • There is a short-term bullish trend line forming with resistance at 0.302110 USD.
  • We predict that the pair would grow further.

The XLM/USD pair has seen a slight amount of growth this week. It managed to rise from 0.276329 USD to just 0.290022 USD this week. In the upcoming week, we expect to see a more noticeable growth in the prices of the cryptocurrency.

XLM Price Chart Weekly Update
Source: CoinMarketCap

Major Support Level – 0.249612 USD

Major Resistance Level – 0.302110 USD

TRON (TRX)

  • The price of TRON against the US dollar has declined this week.
  • There is a short-term bearish trend line forming with resistance at 0.070747 USD.
  • We predict that the pair might recover soon.

With the Mainnet launch this week, the price of TRON has seen quite a decline against the US dollar. From being traded at 0.070556 USD when the week started to 0.058707 USD at the end of the week, the pair has seen quite an eerie drop.

TRX Price Chart Weekly Update
Source: CoinMarketCap

Major Support Level – 0.056581 USD

Major Resistance Level – 0.070747 USD

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.