coin, Kusama, Tron Price Movement Analysis for 28th March, 2021

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 386 Interactions,  2 today coin could move deeper into red territory if it fails to hold on to $0.2 support. Tron witnessed an upward breakout from a down channel, while Kusama maintained a strong uptrend since the start of 2021. Coin [CRO]

Source: CRO/USD, TradingView

Bollinger Bands can be found on As the price of the coin moved marginally above $0.2, it converged and displayed low uncertainty in the market. The above amount represented critical support for the bulls, and failure to retain it would almost certainly result in more losses towards $0.17, another solid area of support.

At the time of writing, 24-hour trading rates were increasing, suggesting that a bearish situation could be avoided in the coming sessions. A balanced market was reflected by the MACD line superimposed on the Signal line. CRO bulls will look to launch an increase above $0.248 in order to target record highs.

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Tron [TRX]

Source: TRX/USD, TradingView

A split over the upper trendline resulted in a sharp bullish shift on Tron, negating a down channel on the 4-hour timeframe. Tron also pulled closer to its local peak of $0.068, an area that saw a major sell-off during the previous rally. With MACD approaching a bearish convergence and RSI indicating a bearish divergence, the market was in danger of falling below support at $0.0627.

If the bulls can conquer bearish sentiment and hold the aforementioned support level, the price could climb above its local peak. A spike in the wider market will also cause Tron to break upward on the map.

Kusama [KSM]

Source: KSM/USD, TradingView

On Kusama’s 4-hour map, a markup period was apparent after the price displayed a longer uptrend after the beginning of 2021. Year-to-date gains totalled more than 568 percent as KSM scaled the crypto-rankings to become the world’s 25th largest cryptocurrency, with a market cap of $4.1 billion. Higher highs and newer record lows were hallmarks of a markup era, and KSM’s price action reflected this over the last few trading sessions.

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The RSI was pointing north from above 60, suggesting power on the bullish side. Awesome Oscillator, on the other hand, observed some choppy movement and also registered a red bar at the time of publishing. While doubtful, a pullback will illustrate support ranges at $458.7 and $420.5.


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