Data & Research

Cardano (ADA), Stellar (XLM), TRON (TRX) Price Summary (7th June 2018)

Cardano (ADA)

Key Highlights

  • The price of Cardano has declined today.
  • There is a short-term bearish trend line forming with resistance at 0.212499 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair would decline further.

The ADA price against the US dollar has declined in the last 24 hours. The pair is currently being traded at 0.210953 USD and would decline further.

ADA Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 0.210708 USD

Major Resistance Level – 0.219351 USD

[Also Read: Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Summary (7th June 2018)]

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 0.298153 USD on the hourly chart of the XLM/USD pair.
  • We predict that the pair would grow further.

The XLM/USD pair has grown today. It is now being traded at 0.297163 USD and is expected to grow soon. The pair hasn’t traded below 0.283106 USD this week which is a very good sign since the pair has traded a lot lower than that last month.

XLM Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 0.289500 USD

Major Resistance Level – 0.305812 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 0.059276 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 in the last 24 hours. It is currently being traded at 0.059145 USD and might grow soon. The reason for the rise can be the support the pair received when it the CoinEgg crypto exchange—about which Justin Sun tweeted recently.

TRX Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 0.058484 USD

Major Resistance Level – 0.060394 USD

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*This is only an estimated view and not financial gospel. Please invest at your own discretion*

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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.