Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (5th June 2018)
Data & Research

Cardano (ADA), Stellar (XLM), TRON (TRX) Price Analysis (5th June 2018)

Cardano (ADA)

Key Highlights

  • The price of Cardano has shown some growth today.
  • There is a short-term bearish trend line forming with resistance at 0.221504 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair would decline soon.

The ADA price against the US dollar has grown in the last 24 hours. The pair is currently being traded at 0.218777 USD and is expected to see a decline in its prices pretty soon.

ADA Price Chart 05/06/18
Source: TradingView

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

Major Support Level – 0.204815 USD

Major Resistance Level – 0.221728 USD

Stellar (XLM)

Key Highlights

  • Stellar has shown growth in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 0.297173 USD on the hourly chart of the XLM/USD pair.
  • We predict that the pair would decline soon.

The XLM/USD pair has seen a little growth today. It is now being traded at 0.295853 USD and is expected to decline soon.

XLM Price Chart 05/06/18
Source: TradingView

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

Major Support Level – 0.282434 USD

Major Resistance Level – 0297980 USD

TRON (TRX)

Key Highlights

  • 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 0.060726 USD on the hourly chart of the TRX/USD pair.
  • We predict that the pair would see a decline soon.

The TRX price against the US dollar has declined in the last 24 hours—a change I’m sure many would love after days of decline. It is currently being traded at 0.060400 USD and is expected to decline soon. The rise may be accredited to its recent partnership with Shift Markets.

TRX Price Chart 05/06/18
Source: TradingView

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

Major Support Level – 0.057337 USD

Major Resistance Level – 0.060823 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.