Bitcoin

Price Analysis: Cardano and Ethereum, TRON

. 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…

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.

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XCN defies Bitcoin and Ethereum slump with 97% spike

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure. The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier. Tariffs and other market conditions weigh on investor sentiment. Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins…

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
Tariffs and other market conditions weigh on investor sentiment.

Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

XCN price performance

The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

Overall market outlook

Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

Dow was down more than 900 points.

On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

Peter Schiff said via a post on X:

“I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”