Cardano has strongly recovered from the bearish trend it created a few days ago. Tron, on the other hand, lost almost all the gains of the previous week in 24 hours and is struggling to recover.


Cardano (ADA) price analysis

The ADA created a double peak pattern (white) on the charts and dropped to the projected downside target of $ 0.23 based on the height of the peaks above the valley floor.

After this steep drop, buyers returned the price to where it was within a few hours as the ADA climbed above $ 0.27.

OBV showed that significant volumes of crypto assets that did not move in either direction were neither bought nor sold, compared to the purchase volume that raised the rally from 17 cents.

The Awesome Oscillator moved back above the neutral line to indicate bullish momentum, and the ADA was able to turn it into the $ 0.32 support once again.


Tron (TRX) price analysis

Gann fan lines continued to provide insight into potential areas of resistance and support for TRX. The past few days, in a zone that intersects with the 3: 1 fan line, TRX has dropped to find support at $ 0.027.

TRX is currently trying to break above $ 0.03. The MACD is below the zero line to highlight the overall bearish pressure, although it creates a bullish trend.

See Also
Popular altcoin Cardano (ADA) broke all-time record

The presence of significant trading volume indicates a trending market, and a move or rejection above $ 0.03 in the next few hours will determine the short-term direction of TRX.


Please enter your comment!
Please enter your name here