Categories: Altcoins

TRON {TRX}, Ethereum {ETH}, Stellar {XLM} price analysis and possible future

Click here to view original web page at ourbitcoinnews.com

Ethereum is ranked at #2 on coinmarketcap, right after the king coin. The price of ETH increased at a rate of 3.52% in the course of the past 24-hours. The trading volume recorded is $7.298 billion, while the supply has 107,436,916 ETH coins in play. The total market cap of Ethereum is $20.695 billion, and ETH is priced at $192.63.

The Ichimoku Cloud has been red from 9th August. The daily RSI is at 42.37, and the Awesome Oscillator peaks lie beneath the zero line [though the last 5 peaks have been green, indicating a trend change]. The MACD line has also just begun heading north of the signal line, which has resulted in the histogram changing color [from red to green]. Key resistance lies near the $240 mark, while support exists close to the $174 area.

TRON is ranked at #13 on coinmarketcap. The price rose at a rate of 7.29%, which brought TRX up to $0.018312. The trading volume recorded is $539.045 million, whereas the supply has 66,682,072,191 TRX coins involved. At present, the total market cap of TRON is $1.221 billion.

TRON had entered oversold territory on 21st this month, but the RSI has since recovered and now stands at 43.84 [the line is pointing north]. The MACD line also crossed and rose above the signal line a day ago. Though TRON has been steadily declining from 22nd July, a new bullish trend may influence TRX within the next few days. Resistance is near the $0.0205 mark, while support stays close to the $0.016 level.

Stellar is one of the few coins which is currently impacted by sellers in the market. XLM dropped slightly, at a rate of 0.78% which brought it down to $0.066620. The trading volume recorded is $115.214 million, whereas the supply has 19,636,140,389 XLM coins in circulation. The total market cap of Stellar is $1.308 billion.

The RSI [for 10 periods] is at 37.99 but might sink with the passage of time. After 20th July, the Ichimoku Cloud had turned crimson and hasn’t reacted to bullish force ever since. XLM has a bigger chance of descending further, with support lying near the $0.0654 region. Resistance will be felt if the altcoin manages to breach the $0.080 mark.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Bitcoin Price Chart Forecast: BTCUSD Awaits Pennant Breakout

Bitcoin Price Forecast: A series of lower highs and slightly higher lows has formed a pennant pattern Regardless of direction,… Read More

2 hours ago

Billionaire Blackstone CEO Heaped Praise On Blockchain—But Made A Bitcoin Warning

Bitcoin has won over many from the traditional finance industry , but far more of the investment old guard remain… Read More

2 hours ago

Early Ethereum advisor charged with extortion and arrested

The accused, Steven Nerayoff, violated the agreement made with a blockchain firm. If found guilty, Nerayoff and his associate Michael… Read More

2 hours ago

CME Group Reveals Plan for Bitcoin Options in Q1 2020

Leading derivatives exchange operator, CME Group announced in a press release today that it will launch options on its bitcoin… Read More

8 hours ago

Analyst: Bakkt Launch to Improve Trustworthiness of Crypto Markets

For the past year many participants within the crypto markets have been looking towards the official launch of Bakkt as… Read More

8 hours ago

IBM Stock Gets a Blockchain Pop

IBM (NYSE: IBM ) investors haven’t had all that much to complain about in 2019. After a precipitous drop over… Read More

8 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More