Ethereum, Cardano (ADA), and TRON (TRX), all have gained in an overall crypto market rally

Cardano price has hit a new all-time high of $2. 54, while Ethereum has rebounded off recent lows to consolidate above $3,200. TRON (TRX) on the other hand, has seen its price increase slightly over the past 24 hours to see buyers targeting a crucial resistance level.

Here are the outlooks for these three coins heading into the weekend.

ADA/USD Outlook

The daily chart shows bullishness for ADA/USD, supported by the RSI within the overbought territory and the MACD line well placed above it. The volume has increased, which is a positive sign for the buy-side. Another positive signal is the upsloping curve of the 20-day moving average, suggesting further gains.

Currently, the 123.6% Fibonacci retracement level ($2. 55) provides the primary resistance level. Bulls will likely move towards the 161.8% Fib level ($3. 03) or higher if uptrend continues. The bullish sentiment surrounding Cardano’s smart contract functionality could be a major price driver in the future.

ADA/USD daily chart. Source: TradingView

This parabolic rally will attract selling pressure from investors looking to make profits. This scenario could lead to support levels at the horizontal level at $2. 32, the 100% Fib level at $2. 25 and possibly the 61.8% Fib level ($1. 78)

ETH/USD Outlook

ETH/USD has continued to surge above $3,200 after rebounding off the 20 EMA and the weekly lows of $2,951. The indecision that followed downturn seems to be moving upwards, despite general optimism among bulls. The daily chart shows that ETH prices are looking to move above the ascending trendline and into the upper part of a horizontal channel which has seen recent consolidation.

ETH/USD daily chart. Source: TradingView

If bulls break above the uptrend line and the channel barrier, immediate targets lie to the north of $3,350 and $3,400. On the contrary, ETH/USD could retrace to the 20 EMA (2,978) with the 50MA providing a robust support zone around $2,484.

TRX/USD Outlook

The price of

TRON is experiencing a bullish trend similar to that of the majority market. The cryptocurrency’s technical outlook suggests further gains towards bulls’ target of $0.10.

TRX/USD 4 hour chart. Source: TradingView

We can see that the daily RSI has begun to rise in the positive territory, while the Stochastic RSI remains in the overbought zone. The MACD also has a bullish crossover, and is expected to move out of its negative zone.

However, there’s resistance around the 50% Fib level ($0. 089) and 61.8% Fib level ($0.091). If the price does not break through these levels, TRX/USD may retreat to support levels of $0. 085 and $0.081.