Price Prediction for October 3: LUNC, MKR, RSR, LUNA, and TRX

The price actions of multiple altcoins show how the demand zones are giving way to the pressure created by the influx of sellers. Bears are currently dominant in the market.

Few coins have managed to rival the overall market. The Reserve Right bulls are currently antagonistic to the overall bearish trend. Other coins like the Tron and Terra seem not to put up a fight at all.

Terra Classic (LUNC/USD)

Terra classic has just experienced a bullish shift in market structure. Terra retraced to the 78.6% Fibonacci level before taking off. The market is slightly above equilibrium on the Fibonacci. This is also reflected in the RSI which indicates bullishness.

Terra Classic (LUNC/USD)

Current Price: $0.00033.
Market Capitalization: $2.05B
Trading Volume: $219,041,061
7-Day Gain: 71.62%

MAKER (MKR/USD)

The market broke out from a rising wedge during August after a prominent rejection candle struck the upper border of the wedge. The market dipped into the oversold region seen on the stochastic in late September. This caused the market to rise above the Moving Averages (periods nine and twenty-one). The market is currently overbought. This is likely to cause RSRUSD to continue falling.


Maker (MKR/USD)

Current Price: $768.66
Market Capitalization: $753.43
Trading Volume: $36,524,658
7-Day Gain: 12.37%

Reserve Rights (RSR/USD)

RSRUSD experienced a bullish surge. The demand zone at $0.005 was utilized as a spring to skyrocket the price of RSR. A fair value gap and a bullish order block were left unmitigated before the bullish breakout due to the strength of the price pump. RSR is likely to attack $0.0120 before falling.


Reserve Rights (RSR/USD)

Current Price: $771.17
Market Capitalization: $415.42
Trading Volume: $153,548,076
7-Day Gain: 23.39%

TERRA (LUNA/USD)

Terra has crashed below the 78.6% retracement level on the Fibonacci. A bearish ordered block is lurking at the $3.90 supply zone ready to cause an influx of sellers into the market. The bears seem to be taking over the market.

Terra Luna (LUNA/USD)

Current Price: $2.52
Market Capitalization: $310.36
Trading Volume: $173,403,806
7-Day Gain:7.45%

TRON (TRX/USD)

Tron is set for a breakout. The bears are definitely in control of the market. Tron corrected upward towards $0.08 to fill up the imbalance caused by the bearish displacement on the daily chart. The market is set to resume its downtrend as the Stochastic signifies that the market is oversold.

TRON (TRX/USD)

Current Price: $0.06129
Market Capitalization: $5.66B
Trading Volume: $403,324,837
7-Day Gain: $3.43