Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (4th June 2018)
Data & Research

Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (4th June 2018)

Cardano (ADA)

Key Highlights

  • The price of Cardano has declined a lot today.
  • There is a short-term bearish trend line forming with resistance at 0.215449 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair would rise soon.

The ADA price against the US dollar has declined in the last 24 hours. The pair is currently being traded at 0.214040 USD and is expected to see a rise in its prices pretty soon. Compared to its performance last week, the cryptocurrency hasn’t performed well today.

ADA Price Chart 04/06/18
Source: TradingView

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

Major Support Level – 0.212290 USD

Major Resistance Level – 0.231228 USD

Stellar (XLM)

Key Highlights

  • 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 0.289500 USD and is expected to grow soon.

XLM Price Chart 04/06/18
Source: TradingView

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

Major Support Level – 0.288974 USD

Major Resistance Level – 0.309088 USD

TRON (TRX)

Key Highlights

  • 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 0.058976 USD on the hourly chart of the TRX/USD pair.
  • We predict that the pair would rise soon but would dip first.

The TRX price against the US dollar has declined in the last 24 hours. It is currently being traded at 0.058247 USD and is expected to rise after dipping further for a while.

TRX Price Chart 04/06/18
Source: TradingView

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

Major Support Level – 0.058259 USD

Major Resistance Level – 0.062488 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.