Following the slight rally for Bitcoin and Ethereum, many altcoins started posting positive price actions. ADA managed to stay above the low price of $ 2.50 after posting 5.1% gains in the last 24 hours. TRON broke its high price of $ 0.095 and was up 4.3%.
On the other hand, EOS traded sideways down a slight 0.3% drop and valued near its one-month low price mark of $ 4.53.
ADA was priced at $ 2.55 after posting a 5.1% increase in the last 24 hours. The altcoin managed to keep its prices in the $ 2.50 support region. With a sustained revival, the coin may soon revisit its one-week high mark. Overhead resistance stood at $ 2.72 and then a multi-month high of $ 3.09.
On the 4-hour chart, the price candles were positioned above the 20 SMA, indicating that the momentum belonged to the buyers. MACD green bars flashed in his histogram. Awesome oscillator green signal bars are also displayed. Relative Strength Index it stood above the 50 mark, however, it threatened to fall below the midline.
If the buying pressure falls below the 50 mark, ADA would drop to $ 2.50, a currency that had fallen below the 50 mark several times in the last week. Faced with a further loss in value, it could decline to $ 2.13, which was its three-week low. The additional price level stood at $ 1.91, which was its lowest price point in a month.
TRX is up 4.3% in the last 24 hours and was valued at $ 0.100. The coin has just dropped above its $ 0.095 resistance mark. On a further upward move, the coin may retest its five-month high at $ 0.106. The parameters of the coin remained bullish as TRX rallied considerably over the past week.
The buying pressure was strong Relative Strength Index approached the 75 mark. Awesome oscillator showed green signal bars, indicating a bullish move. MACDThe ‘histogram has been showing green bars stating the same notion above.
In the event that prices drop, the first support mark is at $ 0.095. The other support lines were expecting at $ 0.088, which the coin had fallen below, twice since the beginning of September. Another push below the aforementioned price ceiling could land TRX at the one-month low of $ 0.081.
EOS showed consolidation with a small 0.3% drop in the last 24 hours. At this current price, EOS was trading close to its one-month price level. Immediate support for the coin stood at $ 4.53. The technical chart, however, pointed towards positive price action for the coin.
Awesome oscillator flashing green signal bars. Capital inflows remained in bullish territory. Green bars in MACDThe histogram was shortened in size, and the coin could drop lower if prices continue to hover around the same region during the next trading sessions.
In the event of a price reversal, the coin’s overhead would retest its one-week price point of $ 5.20 and then $ 5.60. The maximum additional price stood at $ 6.35 in the multi-month high.
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