While market leaders are trading ETH and BTC at record highs, altcoins like ADA ignore bullish hints. At the time of this writing, Bitcoin is on the verge of reaching $ 50,000 and has a market capitalization of over $ 922 billion. On the other hand, the indicators in TRX are mixed and it seems possible to move in both directions in the upcoming sessions.

 

 

Cardano (ADA) price analysis

The bulls are about to lose resistance of $ 0.9 as Cardano has fallen below the 20-SMA (blue) at the time of this writing. A sell at this price level may cause it to drop below the 50-SMA (yellow), which will mark the beginning of the downtrend in the short to medium term. Technical indicators also support the bearish forecast, as the momentum looks strong in the direction of the bearish.

The Awesome Oscillator’s red bars and the MACD histogram reveal that the bearish momentum in the ADA market is getting stronger as the price moves towards the $ 0.77 support level. …

Tron (TRX) price analysis

Power across the cryptocurrency market has been reflected in the price of Tron, and the cryptocurrency has increased by about 5% in the last 24 hours. However, the formation of a marubozu candlestick has often been interpreted as a worrying sign for uptrend investors as it indicates a bearish trend.

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Blockchain metrics settled around the RSI 60, while the CMF did not show a strong slope towards the bearish side as it remained above the half-line despite falling in the last few sessions. In the event of a pullback, the bulls could possibly seek strength from the $ 0.057 support mark.

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