ADA, XLM, TRX Price Analysis
Data & Research

ADA, XLM, TRX Price Analysis

Cardano (ADA)

  • Cardano has maintained a constant decline throughout the day without much variation in its price.
  • There is a short-term bearish trend line forming with resistance at 0.20 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair might decline further before rising again.

The ADA price against the US dollar has been declining in the last 24 hours. It has broken below the 0.217417 USD, and 0.208925 USD support levels to dip down to 0.198798 USD before seeing an upward trend. The ADA/USD pair is now seeing a little rise in the prices at which the pair is being traded. However, the rise would be temporary. The cryptocurrency would see a bump before it rises properly again.

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

Major Support Level – 0.198798 USD

Major Resistance Level – 0.228754 USD

Stellar (XLM)

  • Stellar has seen a rather happening decline since it broke resistance at 0.315370 USD.
  • There is a short-term bearish trend line forming with resistance at 0.281052 USD on the hourly chart of the XLM/USD pair.
  • We predict that the pair would decline further.

The XLM community has been mostly bullish in the last 24 hours. XLM has broken below the 0.290928 USD, 0.274837 USD, and 0.272845 USD support levels and is currently growing. The XLM/USD price drop is the largest drop the pair has seen in the whole month.

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

Major Support Level – 0.272845 USD

Major Resistance Level – 0.313826 USD

TRON (TRX)

  • The price of TRON is declining steadily against the US dollar.
  • There is a short-term bullish trend line forming with resistance at 0.069997 USD on the hourly chart of the TRX/USD pair.
  • We predict that the pair might decline further even though it has risen up after reaching the hour’s support.

The TRX price against the US dollar has been declined a lot in the last 24 hours. It has made a little growth after it hit the 0.068796 USD support but is declining ever since it met a resistance at 0.069997 USD.

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

Major Support Level – 0.067811 USD

Major Resistance Level – 0.078773 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.