Ethereum (ETH), Cardano (ADA) and TRON (TRX) have all gained amid 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’s an outlook for these three coins going into the weekend.
ADA/USD Price Outlook
The daily chart shows bullish strength for ADA/USD as supported by the RSI in the overbought territory while the MACD line is well placed above the signal line. Volume has also picked up, adding to the buy-side pressure. 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. Going forward, the bullish sentiment around Cardano’s smart contracts functionality could be a key price driver over the coming days. 
ADA/USD daily chart. Source: TradingView
Notably, such a parabolic rally will definitely attract selling pressure from investors keen to book profits. This is a scenario that could bring into play support levels at the horizontal line at $2.32, the 100% Fib level at $2.25 and possibly the 61.8% Fib level ($1.78)
ETH/USD Price Outlook
ETH/USD has continued to surge above $3,200 after rebounding off the 20 EMA and the weekly lows of $2,951. As such, the indecision that followed the downturn appears to be resolving upwards amid general optimism among bulls. The daily chart shows that the ETH price is looking to break above the ascending trendline as well as into the upper half of a horizontal channel that has marked 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 Price Outlook
TRON’s price is seeing an uptick in bullish momentum similar to the majority of the 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 the daily RSI is beginning to rise in the positive zone, while the Stochastic RSI is in the overbought territory. The MACD has also formed a bullish crossover and is looking to increase and move out of the negative zone.
However, there’s resistance around the 50% Fib level ($0.089) and 61.8% Fib level ($0.091). If the price fails to break above these levels, TRX/USD could retreat to immediate support levels around $0.085 and $0.081.
Ethereum (ETH), Cardano (ADA) and TRON (TRX) have all gained amid an total crypto market rally
Cardano value has hit a brand new all-time excessive of $2.54, whereas Ethereum has rebounded off latest lows to consolidate above $3,200. TRON (TRX) however, has seen its value improve barely over the previous 24 hours to see consumers concentrating on a vital resistance degree.
Right here’s an outlook for these three cash going into the weekend.
ADA/USD Worth Outlook
The day by day chart reveals bullish power for ADA/USD as supported by the RSI within the overbought territory whereas the MACD line is effectively positioned above the sign line. Quantity has additionally picked up, including to the buy-side strain. One other constructive sign is the upsloping curve of the 20-day shifting common, suggesting additional positive factors.
Presently, the 123.6% Fibonacci retracement degree ($2.55) offers the first resistance degree. Bulls will possible transfer in direction of the 161.8% Fib degree ($3.03) or greater if uptrend continues. Going ahead, the bullish sentiment round Cardano’s sensible contracts performance may very well be a key value driver over the approaching days.
ADA/USD day by day chart. Supply: TradingView
Notably, such a parabolic rally will certainly entice promoting strain from buyers eager to guide earnings. This can be a situation that would carry into play help ranges on the horizontal line at $2.32, the 100% Fib degree at $2.25 and presumably the 61.8% Fib degree ($1.78)
ETH/USD Worth Outlook
ETH/USD has continued to surge above $3,200 after rebounding off the 20 EMA and the weekly lows of $2,951. As such, the indecision that adopted the downturn seems to be resolving upwards amid basic optimism amongst bulls. The day by day chart reveals that the ETH value is trying to break above the ascending trendline in addition to into the higher half of a horizontal channel that has marked latest consolidation.
ETH/USD day by day chart. Supply: TradingView
If bulls break above the uptrend line and the channel barrier, quick targets deceive the north of $3,350 and $3,400. Quite the opposite, ETH/USD might retrace to the 20 EMA (2,978) with the 50MA offering a strong help zone round $2,484.
TRX/USD Worth Outlook
TRON’s value is seeing an uptick in bullish momentum much like the vast majority of the market. The cryptocurrency’s technical outlook suggests additional positive factors in direction of bulls’ goal of $0.10.
TRX/USD 4 hour chart. Supply: TradingView
We will see the day by day RSI is starting to rise within the constructive zone, whereas the Stochastic RSI is within the overbought territory. The MACD has additionally shaped a bullish crossover and is trying to improve and transfer out of the unfavorable zone.
Nonetheless, there’s resistance across the 50% Fib degree ($0.089) and 61.8% Fib degree ($0.091). If the worth fails to interrupt above these ranges, TRX/USD might retreat to quick help ranges round $0.085 and $0.081.
