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

By August 23, 2019 Altcoins
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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.

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