Tron, Chainlink, VeChain Price Movement Analysis for 30th April, 2021

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Tron’s hourly chart has increased by 38% in the last week and continues to rise. At press time, the stock had risen from $0.0901 to $0.1292 and was traded at $0.1255. The sector was indicating the presence of heavy bullish interest as the selling price remained close to the resistance at $0.1292.
Tron [TRX]

Tron’s hourly chart has increased by 38% in the last week and continues to rise. At press time, the stock had risen from $0.0901 to $0.1292 and was traded at $0.1255. The sector was indicating the presence of heavy bullish interest as the selling price remained close to the resistance at $0.1292.

While uncertainty remained constant, with the Bollinger bands shifting parallel to the price bars, the Signal line had moved under the price bars. Furthermore, the 50 moving average had fallen underneath the candlesticks, indicating a rising price. The commodity stayed close to being oversold while the market was balanced around the support at $0.1175. However, the abrupt price increase generated purchasing pressure, pushing TRX to another extreme of being overbought.

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Meanwhile, momentum remained high, implying that the bullish pattern could continue in the short term.

Chainlink [LINK]

Source: LINKUSD on TradingView

Since last year, the price of Chainlink has risen dramatically, and the digital asset has not stopped rising since. Following the blunder on April 22nd, LINK’s price recovered and increased by 31.22 percent to trade at $37.99.

According to the attached map, the immediate resistance is marked at $38.01, and the current increasing momentum can bring it to the test. This was possible because the LINK market was preparing for further uncertainty, as suggested by the diverging Bollinger bands, and the Signal line confirmed the price’s bullish action.

If the price rose from the support level of $34.93, the commodity pulled away from equilibrium, indicating an increase in purchasing pressure. At the time of publication, LINK was on the verge of being overbought, but the bullish trend was showing no signs of abating.

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VeChain [VET]

Source: VETUSD on TradingView

$0.1793 has long been a support standard for the VeChain price. After breaking this amount at least three times in the last month, VET’s price has quickly recovered. The last time it broke through the funding was on April 25th, but the coin rallied by 28 percent in four days and was worth $0.1971 at the time of publication.

The VET sector was somewhat positive at the time and was on its way to hitting the resistance at $0.2021, but the stock has already started to retrace. The Relative Strength Index also showed this. However, rising selling pressure was attempting to keep the price at the stated amount.

Nevertheless, money was still flowing within the VeChain market as highlighted by the positive value of the Chaikin Money Flow – another bullish sign.

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