Daily Analysis -EOS, XLM, and TRX – September 27th, 2021

Daily Analysis -EOS, XLM, and TRX - September 27th, 2021
  • EOS must avoid the $3.9340 pivot. 
  • On Sunday, Stellar dropped 0.32%.

The entire Cryptocurrency market is on a decline including top coins such as BTC and ETH. 

Even other altcoins had to face the heat, Let’s take a look at the daily analysis of EOS, XLM and TRX. To avoid a second day of losses, crypto would need to return to Sunday’s highs.

EOS (EOS)

On Sunday, EOS dropped 0.92 percent. After a 0.52 percent drop on Saturday, EOS fell 19.13 percent for the week to $3.9739. It dropped through the $3.9120 significant support level and the $3.8134 significant support level. Moreover, EOS surged to an intraday high of $4.1539, avoiding the third key support barrier at $3.6212.

This week, it breached the first significant resistance level at $4.1042 before slipping back into the red. EOS had a rocky start to the day, falling to a low of $3.9279 before recovering to $4.0076. Early on, it avoided testing key support and resistance levels.

EOS/USDT: Source: TradingView

To reach the first significant resistance level at $4.1938, EOS must avoid the $3.9340 pivot. To break clear of Sunday’s high of $4.1539, the market would need to rally. Unless crypto rallies broadly, the first significant barrier around $4.20 will likely limit any gains. According to CoinMarketCap, EOS price today is $3.95 USD with a 24-hour trading volume of $1,369,211,832 USD.

Stellar (XLM)

On Sunday, Stellar dropped 0.32%. Despite a 1.46 percent Saturday drop, it fell 11.86 percent this week to $0.2762.

It dropped through crucial support levels at $0.2701 and $0.2631. Furthermore, XLM rose to a late intraday high of $0.2832, avoiding sub-$0.25 support. However, falling short of the first significant resistance level at $0.2850, it dropped red.

XLM/USDT: Source: TradingView

XLM had a rocky start to the day, falling to $0.2730 before rebounding to $0.2778. It failed to test significant support and resistance early on. According to CoinMarketCap, Stellar price today is $0.273814 USD with a 24-hour trading volume of $356,373,202 USD.

TRON (TRX)

On Sunday, TRX fell 3.14 percent. Tron’s TRX fell 14.84 percent last week after losing 1.24 percent on Saturday. It fell to an intraday low of $0.08326 before making a rise. Tron’s TRX dropped through the $0.08871 and $0.8645 key support levels. It recovered late in the day, avoiding the third key support barrier of around $0.08161.

After failing to breach the first significant resistance level at $0.09355, Tron’s TRX dropped below $0.090 into the red. It fell through the first critical support level at $0.08871.

TRX/USDT: Source: TradingView

Tron’s TRX fell to a low of $0.08638 before rebounding to a high of $0.08841. It failed to test significant support and resistance early on. According to CoinMarketCap, TRX price today is $0.08862 USD with a 24-hour trading volume of $1,414,047,340 USD.

Recommended for You

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.