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Cardano, Tron, EOS Price Analysis: Sep 05




As the larger market witnessed minor corrections, Cardano declined 1.4% and approached $ 2.66, while mostly showing consolidated price movement. Tron fell between a close trading range of $ 0.104 and $ 0.102. EOS, by contrast, gained 5.6% in the past 24 hours and traded near its multi-month high of $ 5.89.

Cardano (ADA)

ADA declined 1.4% over the past 24 hours and noted its immediate price support of $ 2.66, which is also a weekly low for the coin. The additional support line was at $ 2.39, a level that it last touched two weeks ago. The rise of the altcoin has been stopped due to the drop in the buying force in the market.

ADA technical indicators pointed towards bearish price action. Awesome oscillator shows red signal bars. MACD it underwent a bearish crossover and saw red bars on its histogram.

Corresponding to a drop in buyers, the Relative Strength Index sat below the midline. A price change could cause ADA to revisit its all-time high of $ 2.93. When ADA had hit the all-time high of $ 2.93 previously, it recently secured a market capitalization of nearly $ 100 billion.

TRON (TRX)

Cardano, Tron and EOS Price Analysis: Sep 05

TRON / USD, TradingView

TRX described the consolidation when the altcoin was trading between $ 0.104 and $ 0.102. It was currently priced at $ 1.02. Its technical chart points towards the possibilities of positive price action. In the case of the bullish thesis finding validation, TRX could jump above the weekly high mark of $ 0.104 and touch the $ 0.109 price level.




Buying pressure continued on the market as Relative Strength Index stood at the 60 mark. In correspondence with it, the Chaikin money flow it was also above the mean line. However, MACD showed red bars on its histogram.

Tron’s downside move could take it to $ 0.095 and then $ 0.088. The additional support level is set at $ 0.816, which the coin has not traded below for four weeks.

EOS

Cardano, Tron and EOS Price Analysis: Sep 05

EOS / USD, TradingView

EOS was trading at $ 5.69 after a 1.8% gain in the last 24 hours. It hovered around its one-week high price mark and noted its multi-month high of $ 5.89. However, its 4-hour chart implied mixed trading patterns in the market.

Buying pressure picked up as Relative Strength Index was slightly above the 60 mark. Green bars in MACDThe histogram declined and detected the start of a bearish price action.

Bollinger Bands remained divergent, highlighting greater potential for market volatility. In the event that EOS loses its uptrend, the immediate support level stood at $ 5.38.

Failure to stay above the $ 5.38 mark would mean that EOS could return to trading near its four-week low price mark of $ 4.70.

This is a machine translation of our English version.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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