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Cosmos, Waves, and Tron Price: All altcoins hint at a surge on the horizon



Cosmos, Waves, and Tron Price: All altcoins hint a surge on the horizon
Source: Unsplash

Comparing relative performance between Tron, Cosmos and Waves shows that Tron is the least bad performer. TRX’s 90-day performance is -16.53% while Waves comes in at a close second with -20.68% performance, while Cosmos aka Atom is at -53.82%.

Source: TradingView


Source: TRXUSD TradingView

Once in the top 10 ranks, Tron is now the 15th largest crypto with $737 million market cap and $948 million in 24-hour trading volume. The coin has managed to climb from $0.00846 to $0.0111.

Due to the recent surge in BTC and TRX’s correlation with it has caused the price and the RSI to trend higher. If this continues, the next resistance for TRX is at $0.0123.


Source: ATOMUSD TradingView

Cosmos is looking bullish as the MACD indicator is teasing a bullish crossover soon. Additionally, the price has formed a symmetrical triangle and is very close to a breakout point. If it is a bullish breakout, the price target is $2.2, else, $1.63.


Source: WavesUSD TradingView

Waves’ charts pointed to a slightly brighter future, with a bounce in the RSI and the price. The bounce in RSI came around the oversold zone. If this continues, the coin could surge higher, but still, stay under $1. Since the volume had decreased over time, there could be a chance for a breakout too.

As seen above, the token was trading at $0.79, at the time of writing, with a market cap of $83 million and a 24-hour trading volume of $46 million.

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Akash is a full-time cryptocurrency writer and an analyst at AMBCrypto. He is an engineering graduate with an avid interest in finance and economics. Attracted to the chaos of trading, Akash has invested in BTC, ETH and XRP for educational purposes.