Cardano, Tron, EOS Price Analysis: 05 September

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As the larger market witnessed minor corrections, Cardano declined by 1.4% and inched closer to $2.66, while mostly flashing consolidated price movement. Tron was sandwiched between a close trading range of $0.104 and $0.102. EOS, conversely, gained 5.6% over the last 24 hours and traded near its multi-month high of $5.89. 

Cardano (ADA)

ADA/USD, TradingView

ADA declined by 1.4% over the last 24 hours and eyed its immediate price support of $2.66, which is also a weekly low for the coin. The additional support line was at $2.39, a level it last touched two weeks back. The altcoin’s rise has been halting because of the fall in buying strength in the market.

ADA’s technical indicators pointed towards bearish price action. Awesome Oscillator displayed red signal bars. MACD underwent a bearish crossover and noted red bars on its histogram.

In correspondence with a drop in buyers, the Relative Strength Index sat below the half-line. A price reversal could cause ADA to revisit its all-time high of $2.93.  When ADA had hit the $2.93 all-time high mark earlier, it recently secured market capitalization of almost $100 Billion. 

TRON (TRX)

TRON/USD, TradingView

TRX depicted consolidation as the…

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