The price movement of altcoins is still stable. In fact, we even expect TRX to rise above 1.5 cents, which would signal sellers to target 3 cents.
ADA/USD
Being in 10th position in the cryptocurrency ranking, ADA is one of the 10 most profitable assets, its value last week rose by 5%. Despite this, if the price of the coin falls below 3.3 cents, the bears will continue to dominate.
As in the previous analysis, we recommend taking a neutral position and buying ADA if the price closes above 4.5 cents. This should trigger a wave of buyers who will target 6 cents and then 9.5 cents.
TRX/USD
Over the past week, the price of TRX increased by 22%. If the trading pair finds support, we may see a reversal of the bearish breakout pattern that was established on November 19-20.
Ideally, we should see a sharp increase in trading volumes, which will be accompanied by a surge above 1.5 cents. In this case, our first targets will be 3 cents.
According to www.newsbtc.com
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