- The total crypto market cap gained momentum and broke the $ 118.0B resistance level.
- EOS price broke the $ 2.85 resistance and it is currently approaching the $ 3.00 resistance.
- Bitcoin cash price is up more than 5% and it could soon test the $ 130 level.
- Tron (TRX) price is facing a strong resistance near the $ 0.0250 and $ 0.0255 levels.
- Cardano (ADA) price rallied and broke the $ 0.0400 and $ 0.0420 resistance levels.
Bitcoin Cash Price Analysis
Bitcoin cash price formed a decent support near the $ 120 level against the US Dollar. The BCH/USD pair started a fresh upward move and it recently broke the $ 124 and $ 125 resistance levels. The pair is now trading above the $ 128 level and it seems like it could soon test the $ 130 level.
Above $ 130, the next key resistance is near the $ 135 level, where sellers might appear. On the downside, the previous resistance near the $ 125 level may act as a support if there is a downside correction.
EOS, Tron (TRX) and ADA Price Analysis
EOS price traded with a lot of bullish moves in the past few days above the $ 2.55 resistance. The price recently broke the $ 2.80 and $ 2.85 resistance levels to move into a bullish zone. It seems like the price might continue to move higher above the $ 3.00 resistance. On the downside, an initial support is at $ 2.90, below which the price could test the $ 2.85 level.
Tron price settled below the $ 0.0255 support this past week, with a few bearish moves. TRX price is currently consolidating above the $ 0.0240 support, but it is facing a strong resistance near the $ 0.0250 and $ 0.0255 levels.
Cardano price is up more than 4% and it settled above the $ 0.0400 resistance level. ADA price recently broke the $ 0.0420 resistance, opening the doors for more gains. If buyers remain in action, there are chances of a push towards the $ 0.0450 resistance in the near term.
Looking at the total cryptocurrency market cap hourly chart, there was a decent support formed near the $ 115.0B and $ 116.0B levels. The market cap started a strong upward move and broke the $ 118.0B and $ 120.0B resistance levels. It traded close to the $ 124.0B level and it is currently consolidating gains. It seems like there could be a minor dip, but the $ 120.0B level is likely to act as a strong support. Therefore, if there is a downside correction, bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins could find buyers.