After the slight recovery of Bitcoin and Ethereum, many altcoins started recording positive price movements. ADA managed to stay above the $2.50 minimum price after posting a gain of 5.1% over the past 24 hours. TRON broke its $0.095 price ceiling and rose by 4.3%.
On the other hand, EOS traded sideways slightly down by 0.3% and is valued near a one-month low at $4.53.
ADA is priced at $2.55 after posting a 5.1% increase over the past 24 hours. The altcoin managed to maintain its price above the $2.50 support area. With the constant revival, the coin could soon return to its highest level in one week. Overhead resistance settled at $2.72 and then at a multi-month high of $3.09.
On the 4 hours chart, the price candlesticks are positioned above the 20 SMA indicating that the momentum is for the buyers. MACD Green bars flash on his chart. Awesome oscillator Green signal bars are also depicted. RSI Standing above the 50 level, however, it was threatening to fall below the midline.
If the buying pressure drops below the 50 mark, the ADA will drop to $2.50, which the coin has dropped below several times over the past week. With further losses in value, it could drop to $2.13, its lowest level in three weeks. The additional price level settled at $1.91, the lowest price in one month.
TRX is up 4.3% in the past 24 hours and is worth $0.100. The coin just fell above the $0.095 resistance mark. With more upward movement, the coin could retest the five-month high at $0.106. Currency parameters have remained on the upside as TRX has rebounded significantly over the past week.
Buying pressure was as strong as RSI Approach 75 marks. Awesome oscillator Show green signal bars, indicating an upward movement. MACDShows a histogram of ‘green bars’ confirming the same idea above.
In the event of a decline in prices, the first sign of support is located at $0.095. Another support line awaits at $0.088, below which the coin has fallen twice since the beginning of September. Another push below the aforementioned price ceiling could bring TRX to a one-month low of $0.081.
EOS showed a consolidation with a slight decrease of 0.3% over the past 24 hours. At this current price, EOS is trading near the one-month price level. The immediate support for the coin is at $4.53. However, the technical chart indicated a positive price movement for the currency.
Awesome oscillator Green signal bars flash. Capital inflows remained in the bullish region. Green bars have been turned on MACDThe volume of the currency chart has been shortened, and the currency could drop further if prices continue to swing around the same territory during the upcoming trading sessions.
In the event of a price reversal, the coin’s overhead would retest the one-week price point at $5.20 and then $5.60. The additional price cap at $6.35 stood at a multi-month high.
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