Ethereum And Tron Continue Surges With Hopes Of New Highs

The recent volatility which was experienced in the cryptocurrency market led many to believe that an abrupt drop would kick in soon and affect all coins. However, in today’s crypto news we can see that Ethereum and Tron continue their surges and are focused on gaining even more in the market.

ETH and TRX are two of the cryptocurrencies which are performing well lately. The performance of Bitcoin has inspired them to surge and increase their performance on the market.

Speaking of, Ethereum and Tron are great coins which enjoyed the beginning of 2020 when their prices rose significantly across January and February. March was a bad month for the crypto after it witnessed a stall in price and crashed later on March 13. This was a day after the leading cryptocurrency Bitcoin crashed. Still, it looks like ETH is going to make a massive surge soon with the coin trading at $169 at the time of the publication.

Meanwhile, Tron (TRX) is one of the coins that has been struggling but stopped its struggles lately. The Tron news show that the new value for TRX today is $0.0126 – which is still a drop from $0.013 where TRX stayed yesterday. Anyways, Ethereum and Tron continue to record stability and their Bollinger Bands hold them steady. However, their MACD suggests that this development might give way to bullish volatility in the market.

One of the biggest losers over the past few days is Decred (DRC), a cryptocurrency that is in dangers of falling back into bearish territory with a current trade price which is little above its bearish support. Known as an autonomous digital coin with a hybrid consensus, DRC is currently trading at $12.80 with its support price put at $10.03 and a resistance at $19.17. The digital currency even recorded an 8.96% gain over the past five days. Even though it is closer to the bearish line, experts have backed the crypto to make a massive surge in the days ahead.

The focus of the news today is Chainlink (LINK) – the coin which continues to rise and is now at $3.32 following its new partnerships and stable momentum lately. Now, LINK is on the 11th place on the market and coming closer to the 10th-placed Tezos (XTZ) which also added 2% to its price on the day, arriving at $1.99.