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Polkadot, XRP, Tron Technical Analysis On 27th October 2020

While the crypto-market was tussling between the bulls and the bears, Bitcoin seemed to be unfettered by the bears. The king coin had pushed past $13K and had surged in terms of dominance as well. BTC was dominating the market by 61.9%, during press time. The market cap of the entire crypto industry was $399.08 billion.

Polkadot [DOT]

DOT was taking over the crypto markets with its price change. The altcoin had acquired immense gains throughout the last seven days and continued its hot streak. Over the last 24-hours, DOT had bagged a 9.77% surge. The price of the eighth largest cryptocurrency was $4.76, at the time of writing.

It seems like the DOT was going to witness a speed bump as bears were seen walking into the DOT market. The Klinger Oscillator formed a bearish crossover and MACD affirmed the same as the signal line was above the MACD line forming a bearish crossover.

Ripple [XRP]

As XRP continued to stand as the fourth largest crypto asset with a market cap of $11 billion, the coin was one of the least benefitted over the last seven days. XRP has been failing at hitting $1 and during press time, the coin was trading at $0.2514 with a 0.93% drop in the last 24-hours.

Great days were ahead for XRP as the bulls were trying to oust the bears. The Chaikin Money Flow [CMF] indicator revealed a bearish sentiment as the CMF indicator was above zero. The Awesome Oscillator indicator formed green closing bars alerting the invasion of bulls.

Tron [TRX]

Justin Sun’s native cryptocurrency TRX has been deteriorating in terms of market cap. The altcoin was standing in the sixteenth position with a market cap of $2 billion. At press time, TRX was trading for $0.0268 and had increased by 5.22% over the last seven days.

 

The TRX market was welcoming the bulls into its region. The Parabolic SAR indicator laid out dotted lines below the candlesticks hindering the possible downtrend. The Relative Strength Index indicator was exhibiting a neutral sense in the TRX market.

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