Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (29th May 2018)
Data & Research

Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (29th May 2018)

Cardano (ADA)

  • The price of Cardano has seen quite a growth today.
  • There is a short-term bullish trend line forming with resistance at 0.201412 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair would rise further.

The ADA price against the US dollar has grown in the last 24 hours. It managed to break resistance at 0.176860 USD, 0.184099 USD, and 0.194870 USD. The pair is currently being traded at 0.198030 USD.

ADA Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 0.174002 USD

Major Resistance Level – 0.201412 USD

Stellar (XLM)

  • Stellar has shown some growth in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 0.281043 USD on the hourly chart of the XLM/USD pair.
  • We predict that the pair would show more growth.

The XLM/USD pair has seen a little growth today. While the growth isn’t too significant, it is good that it’s growing The pair is now being traded at 0.281789 USD.

XLM Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 0.249187 USD

Major Resistance Level – 0.281043 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 0.065067 USD on the hourly chart of the TRX/USD pair.
  • We predict that the pair would grow further.

The TRX price against the US dollar has grown a little bit in the last 24 hours. It is currently being traded at 0.064440 USD.

TRX Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 0.057420 USD

Major Resistance Level – 0.065733 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.