Like most altcoins, ADA/USD is trading above important resistance levels. We expect most altcoins to continue to rise in price this week.
TRX/USD
Thanks to Tron-Dice and other gambling decentralized applications, the Tron blockchain already processes more than a million transactions per day. This is an indication that Tron is developing as a platform for smart contracts, and may soon even replace Ethereum.
Like other altcoins, TRX/USD is currently in a bullish breakout stage. And although prices have not yet exceeded the September maximum, the overall market mood is optimistic. Traders can start buying with stops at 2.2 cents and targets at 3 cents and 4 cents. However, our bullish forecast will be canceled if TRX/USD falls below two cents and the price closes below the support level.
ADA/USD
The price has already exceeded the level 7 cents, so most likely our trading plan will come true. Once prices start moving towards 9.5 cents or the October highs, traders can start buying with stops at 7.5 cents.
If the price breaks through 9.5 cents, we can expect a continuation with a close above 12 cents.
According to newsbtc.com
You May Also Like
“By the end of summer we will get out of the range of $22,400 - 17,600” - KickEX analysts
According to the latest report, the US inflation rate for June is currently 9.1%. This has only happened 12 times in the country over the past 110 years. Previous rate increases of 0.75% did not have an effect, so now with a probability of 82% an increase is expected immediately by 1% to a range of 2.5% - 2.75%, which is an extremely negative factor for the growth of the main asset.
Bitcoin, Ethereum, XRP price analysis for 11/27/2021
Yesterday in the first half of the day, prices continued their local downtrend, marking new lows. The market has retreated to the support area, which could become the bottom of a downtrend.
