Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (31st May 2018)
Data & Research

Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (31st May 2018)

Cardano (ADA)

  • The price of Cardano has grown considerably today.
  • There is a short-term bullish trend line forming with resistance at 0.223463 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair would maintain its position in the market.

The ADA price against the US dollar has grown in the last 24 hours. The pair is currently being traded at 0.225251 USD and is expected to maintain its position for a while.

ADA Price Chart 31/05/18
Source: TradingView

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

Major Support Level – 0.203062 USD

Major Resistance Level – 0.224403 USD

Stellar (XLM)

  • Stellar has shown considerable growth in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 0.294338 USD on the hourly chart of the XLM/USD pair.
  • We predict that the pair would grow further.

The XLM/USD pair has seen quite some growth today. The pair is now being traded at 0.296500 USD and is expected to grow further.

XLM Price Chart 31/05/18
Source: TradingView

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

Major Support Level – 0.271554 USD

Major Resistance Level – 0.294660 USD

TRON (TRX)

  • The price of TRON is has declined against the US dollar in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 0.060755 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 0.059615 USD and is expected to decline further.

TRX Price Chart 31/05/18
Source: TradingView

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

Major Support Level – 0.059449 USD

Major Resistance Level – 0.064002 USD

Follow us on Telegram!

Leave a Response

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.