EOS, Cardano, and TRON Getting Better Past Their Previous Resistance LevelsJune 2, 2019
In a recent e-mail newsletter Bob Summerwill, the executive director of Ethereum Classic Cooperative, wrote: “These upgrades would bring ETC up to date with ETH’s latest protocol, making migration of apps between the networks much easier.” When talking about the Ethereum Improvement Proposals.
An Ethereum discord comment from an investor read thus, “I don’t like the idea of having to change a hard limit in the future if we desire more complex contracts. If everyone feels setting this limit in this way is the way to proceed, then I agree with the majority.”
When talking about the pullback of Bitcoin Mati Greenspan stated, “We are just getting started on the next parabolic cycle.”
When recalling the bull run, he stated, “There’s a lot of explanations. The simples one is we’re just actually part of a larger cycle. Bitcoin has gone through several cycles before this massive Bullrun (we’re talking about 10000 to 15000% gains within a short period) and it has these massive retracements that can be 80% or even 90%.”
The price of EOS is up by 10%, and it has broken past the $8.00 and $8.20 resistance levels. The amount of TRON is up by 12%, and it has broken past the $0.0350 resistance levels. The price of Cardano is up, and it is now trading at the $0.0900 and $0.0905 resistance levels.
When it comes to leading the rally daily, EOS and TRON are adding more than 10% in USD terms.
Justin Sun has stated that there is a big reveal on June 3, 2019, and most of the investors are tuned to the announcement. Though no details are known yet, experts think that the decision will be related to the highly anticipated BitTorrent File System.
TRX is trending on the bearish territory. The 1-Day TRX chart showed that the market cap is at 2 billion. The trading volume is at $1 billion.
Awesome Oscillator and MACD are indicating bullish trends. Klinger Oscillator is showing a bearish market trend. Almost all the coins in the cryptocurrency market are trending towards a positive momentum.
Stellar Lumens has a current market cap at $2.5 billion, and it has been priced at $0.1320. Over the past 24 hours, XLM sees a gain of 2.97% The Bollinger bands indicate decreased price volatility. The Awesome Oscillator shows an increase in the short-term momentum providing for a bullish buying opportunity. The Klinger Oscillator projects a bearish environment for the coin.