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Cardano (ADA) Stellar (XLM) Price Analysis: What’s Happening?

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Cardano is experiencing a bull run and is targeting the $0.20 resistance level.

Stellar Lumens continues on its upward surge and is eyeing the $0.30 USD mark.

Cardano (ADA/USD)

Price Analysis

  • High: $0.188139 USD
  • Low: $0.168351 USD
  • Major Resistance Level: $0.20
  • Hourly MACD: Placed slightly in the Buy zone.

Chart courtesy of tradingview.com

Cardano has been experiencing a bullish run again since 13th July. As can be observed from the ADA/USD trading chart, the price of the pair had largely experienced a bearish downtrend and had fallen below $0.12 USD at one point. At the time of writing, Cardano (ADA) is trading at $0.1835 USD approximately while the moving average (blue line) marks at 0.1461. This trading chart shows that on 16th and 17th July 2018, the ADA/USD pair had experienced a comparatively higher surge. Today too so far, the green candle seems to be gaining the bullish momentum. The pressure on the buyers is pushing the price up at the moment and had one point in this short timeframe had moved as high as $0.1869. Presently, the price has already tested the 23.6% Fibonacci retracement level during the rise from $0.1501 to $0.1869.

From the current price movements, it seems that Cardano (ADA) is strongly trying to make it to the resistance level at $0.20. The strong signs do not at the moment indicate that there is a chance of downward correction. The major support level can be said to be at $0.1780.

Stellar Lumens (XLM/USD)

Price Analysis

  • High: $0.2945 USD
  • Low: $0.2529 USD
  • Major Resistance Level: $0.30
  • Hourly MACD: Placed slightly in the Buy zone.

Chart courtesy of tradingview.com

Stellar Lumens (XLM), like Cardano, has been showing stronger bullish signs since 13th July 2018. The daily range for the next day, as observed from the chart, shows it to be concise. However, if the pattern is followed then, a ‘steady’ upward movement is to be noted. The chart also shows that from 2nd May 2018, there has been a downtrend mainly. For some days in late May and early June, there had been a slight upsurge in the price action of the XLM/USD pair.

At the time of writing, the price of Stellar Lumens (XLM) shows approximately $0.3014 USD. The moving average marks 0.2216. This and the past few days green candles are creating a constant pressure on the buyers and keeping it in the Buy zone. If the situation continues to be the same for some time then, it can be expected that a much stronger bullish zone will be created on the XLM/USD chart. At the moment, the hourly MACD is placed in the Buy zone slightly but it may move into the zone strongly.

Currently, both Cardano (ADA) and Stellar Lumens (XLM) have been experiencing green signals and the present price action suggests that the trend may continue for some time. The BlackRock news seems to have had a much bigger positive effect as many cryptocurrencies are now sporting green.

Happy Trading~

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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