Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (1st June 2018)
Data & Research

Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (1st June 2018)

Cardano (ADA)

  • The price of Cardano has declined today.
  • There is a short-term bearish trend line forming with resistance at 0.222116 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair would decline further soon.

The ADA price against the US dollar has declined in the last 24 hours. The pair is currently being traded at 0.218522 USD and is expected to see a dip in its prices pretty soon.

ADA Price Chart 01/06/18
Source: TradingView

Hourly MACD – The hourly MACD for ADA/USD is bearish.

Major Support Level – 0.218512 USD

Major Resistance Level – 0.229184 USD

Stellar (XLM)

  • Stellar has dipped a lot in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 0.289234 USD on the hourly chart of the XLM/USD pair.
  • We predict that the pair would grow soon.

The XLM/USD pair has seen quite some decline today. The pair is now being traded at 0.285606 USD and is expected to grow soon.

XLM Price Chart 01/06/18
Source: TradingView

Hourly MACD – The hourly MACD for XLM/USD is bearish.

Major Support Level – 0.287503 USD

Major Resistance Level – 0.301402 USD

TRON (TRX)

  • The price of TRON is has declined yet another day against the US dollar in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 0.058314 USD on the hourly chart of the TRX/USD pair.
  • We predict that the pair would decline further.

The TRX price against the US dollar has declined in the last 24 hours. It is currently being traded at 0.056797 USD and is expected to decline further. We almost did see it coming because this is what the cryptocurrency has done during major announcements. And the Mainnet launch was perhaps the most important announcement TRON has made in quite a while.

TRX Price Chart 01/06/18
Source: TradingView

Hourly MACD – The hourly MACD for TRX/USD is bearish.

Major Support Level – 0.057815 USD

Major Resistance Level – 0.061605 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.