Data & Research

Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (24th May 2018)

Cardano (ADA)

  • Cardano saw a major dip during the day but has recovered now.
  • There is a short-term bullish trend line forming with resistance at 0.207594 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair would rise further with a few dips.

The ADA price against the US dollar has declined and recovered in the last 24 hours. It had hit a support level of 0.193109 USD. The ADA/USD pair has been rising steadily over the last few hours and is expected to rise further over the course of the next few hours.

ADA Price Chart 24/05/18

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

Major Support Level – 0.193109 USD

Major Resistance Level – 0.213302 USD

Stellar (XLM)

  • Stellar has grown in the last 24 hours even though it hit a 0.276007 USD support ten hours back.
  • There is a short-term bullish trend line forming with resistance at 0.295168 USD on the hourly chart of the XLM/USD pair which the pair is overcoming steadily.
  • We predict that the pair would rise further for a few hours.

The XLM/USD pair has seen a lot of growth and decline throughout the day. It broke below the 0.278488 USD, and 0.277118 USD support levels to reach a support level of 0.276007 USD. The pair has grown quite a lot since and is trading at 0.299000 USD at the time of writing the analysis.

XLM Price Chart 24/05/18

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

Major Support Level – 0.276007 USD

Major Resistance Level – 0.295168 USD

TRON (TRX)

  • The price of TRON is has grown against the US dollar in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 0.073636 USD on the hourly chart of the TRX/USD pair.
  • We predict that the pair might grow with a few dips.

The TRX price against the US dollar has been growing in the last 24 hours. It had reached a 0.068650 USD support level earlier during the day but has recovered substantially and is now trading at 0.072000 USD. The TRX/USD pair would grow further in the next few hours with a few dips.

TRX Price Chart 24/05/18

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

Major Support Level – 0.068650 USD

Major Resistance Level – 0.074387 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.