XRP v. Stellar Lumens [XLM] Price Analysis: Coins consolidate gains as bears loom

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Ethereum [ETH], the largest altcoin in market, had a market cap of $28.39 billion and 24-hour trading volume of $10.71 billion. The coin was valued at $267.27, with a recorded hike of 7.47% over the 24-hour cycle.

Tron [TRX] recently grabbed the attention of the community after Justin Sun tweeted about Tron and BitTorrent, stating that he would be making a “huge and amazing announcement” soon. The coin was priced at $0.032, rising by 9.66% over the last 24 hours. TRX reinforced its 11th position on CoinMarketCap, with a market cap of $2.15 billion.

1-Day ETH

The main uptrends for the cryptocurrency were displayed from $157.58 to $263.44 and from $266.09 to $268.96. Resistance was found at $271.12 and support was bolstered at $130.92.

Source: TradingView

Bollinger Bands showed an expansion in volatility as the bands were diverging, making space for more price developments.

Awesome Oscillator exhibited a bullish purchasing opportunity.

Chaikin Money Flow showed that cash streaming into the market was higher than the capital flowing out.

1-Day TRX

TRX recorded three uptrends in the span of two months. First uptrend was from $0.025 to $0.030, second uptrend was from $0.029 to $0.030, and the third uptrend from $0.030 to $0.032. TRX was challenged by resistance at $0.033, and the support lines were situated at $0.023.

Source: TradingView

Source: TradingView

Bollinger Bands revealed an increase in volatility as the bands were diverging.

Awesome Oscillator showed a bullish opportunity in the market as it displayed stable movement over the zero-line.

Chaikin Money Flow indicator suggested that money gushing into the market was higher than the capital flowing out. However, the CMF was barely above zero.

Conclusion

Both ETH and TRX remained on a bullish course. However, some bearish signs were pictured as well.

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