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LINK, ADA and TRX Price Analysis for September 26

Has the popular altcoin finished its period of correction?

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Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of CryptoComes. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The weekend has begun with continued growth on the cryptocurrency market. All Top 10 coins are in the green zone, while Chainlink (LINK) is the main gainer among them.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The key information for Chainlink (LINK), Cardano (ADA) and TRON (TRX) today:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Chainlink 

LINK

$3,679,198,619 $10.51 $2,184,740,808 9.41%

Cardano

ADA

$2,932,185,828 $0.094245 $845,210,422 4.61%

TRON

TRX

$1,998,689,992 $0.027891 $1,692,586,757 8.01%

LINK/USD

Chainlink (LINK) is the main leader in our list. The rate of the altcoin has rocketed by almost 10 percent over the past 24 hours.

LINK/USD chart by TradingView
LINK/USD chart by TradingView

On the daily chart, Chainlink (LINK) has bounced off the support level of $8. From the technical point of view, it is unlikely to update local peaks as the trading volume, along with the liquidity, is low.

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👉 MUST READ Chainlink (LINK) Price Analysis for September 25related article image

In this case, traders may expect to see the altcoin trading at $12.84 soon. Such a scenario is confirmed by the lines of the MACD indicator that have entered the bullish zone.

Chainlink is trading at $10.30.

ADA/USD

Cardano (ADA) is also located in the bullish zone. The price of the digital asset has risen by 4.61% since yesterday.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

On the daily time frame, Cardano (ADA) is trading similarly to Chainlink (LINK). The altcoin has made a false breakout of the $0.10 zone; however, the likelihood of maintaining ongoing growth is low due to the absence of interest by buyers. The more likely scenario is a retest of the support of $0.08 where most of the liquidity is located.

Cardano is trading at $0.0933 at press time.

TRX/USD

Tron (TRX) is not an exception to the rule, as the coin has also added 8% to its share over the last day.

TRX/USD chart by TradingView
TRX/USD chart by TradingView

Analyzing the technical chart of Tron (TRX), the current rise is not supported by an increasing trading volume, which means that growth is unlikely to continue for a long time. Thus, there is bearish divergence on the RSI indicator, which confirms upcoming bearish pressure. All in all, there is a high possibility of seeing TRX at the support of $0.022 soon.

TRX is trading at $0.0277 at press time.

 

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@cryptocomes.com