Technical Analysis of Tron (TRX), Holo (HOT) and Stellar (XLM) – April 2, 2021


The crypto currency market was shaken by the record broken by the second largest crypto currency Ethereum (ETH) by total market capitalization on April 2. The ETH price after almost 2 months of waiting, it has risen back above $2,000 and renewed its all-time record, while undermining the rise of some crypto currencies.

The Rise of TRX Is Stuck in the Ethereum Barrier

The ETH price it seems that one of the crypto currencies that has suffered the most from its rise is Tron (TRX). Looking at the last 30-day chart of the TRX/USDT trading pair, it seems that it has gained 85%, but the main movement began a few days ago.

Marching April 15, Tron traded at $ 0.05, and on April 1, it rose to $ 0.09, gaining almost 100%. Since April 1, when the ETH price was activated, it seems that the TRX price has declined and retreated to $ 0.07. TRX the next important resistance level for 0,10 is seen as the dollar. In the continuation of this, the all-time record of 0.2 dollars can be tested.

Holo (HOT) Continued Its Rise Today

It can be said that the Holochain (HOT) storm has been blowing especially for 1 week in the crypto currency sector. The HOT price has risen by 640% in the last 30 days, 175% in 14 days and 155% in 7 days.

Although the rise of the HOT price was interrupted especially due to the resistance of the 0.019 dollar reached on March 30, a 3-day horizontal course allowed the price to gather strength to move again. It seems that HOT, which broke the all-time record today and rose even above the 0.020 dollar, does not have resistance in the continuation of this.

Although the critical level targeted by analysts for HOT is considered to be $ 0.10, it still needs to achieve at least a 5-fold rise for this. It is seen that the important support for HOT is $ 0.016.

Has the Expected Moment Arrived For the Stellar (XLM) Price?

The Stellar price reached as high as $0.87 on January 3, 2018, breaking the all-time record. the XLM price, which has increased 9-fold in 1 year, is still far from the mentioned record and needs an increase of at least 100% to reach here.

Despite the fact that the XLM price recently reached the level of 0.60 dollars, it could not break the resistance and fell to the level of 0.38 dollars, which broke the hope of investors. Despite this, XLM, which has moved again, is currently trading at $0.44 and is moving towards the $0.50 resistance.

The next resistances that the XLM/USD trading pair should break are seen as 0.60 dollars and the critical 0.87 dollars.

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