- The total crypto market cap stayed above the $ 158.0B support and climbed above $ 165.0B.
- EOS price is climbing higher and it recently broke the $ 5.40 and $ 5.50 resistance levels.
- Bitcoin cash price is back above the $ 300 resistance with a positive structure.
- Tron (TRX) price found support near the $ 0.0260 level and recently recovered higher.
- Cardano (ADA) price is slowly moving higher towards the $ 0.0900 resistance level.
Bitcoin Cash Price Analysis
Recently, we saw a downside correction in bitcoin cash price below the $ 280 level against the US Dollar. The BCH/USD pair tested the $ 260 support and recently recovered. It broke the $ 290 and $ 300 resistance levels to move back in a positive zone.
The price is currently trading with a positive bias and it may continue to rise towards the $ 305 and $ 310 resistance levels. If there is another correction, the price might find bids near the $ 295 or $ 290 support.
EOS, Tron (TRX) and ADA Price Analysis
EOS price recovered nicely after it settled above the $ 5.25 resistance area. The price gained traction above $ 5.40 and climbed more than 4%. It is currently trading with a positive angle above the $ 5.50 level and it may continue to rise towards the $ 5.60 and $ 5.65 resistance levels.
Tron price corrected lower this past week below the $ 0.0285 and $ 0.0290 support levels. TRX price tested the $ 0.0260 support area, where buyers emerged. Recently, the price recovered and moved above the $ 0.0270 level. It could gain pace if bulls clear the $ 0.0275 and $ 0.0280 resistance levels.
Cardano price is currently trading nicely above the $ 0.0800 support level. ADA price is up around 2% and it moved above the $ 0.0840 level. The current price action is positive and it seems like the price might climb higher towards the $ 0.0900 resistance level. The main resistance is at $ 0.1000, where sellers struggled this past week.
Looking at the total cryptocurrency market cap hourly chart, there was a sharp downside correction from the $ 180.0B area. The market cap declined below the $ 170.0B support and tested the next key support near the $ 160.0B level. A swing low was formed at $ 158.0B and later there was a fresh increase. The current structure is positive since the market cap moved above the $ 160.0B and $ 165.0B levels. An immediate resistance is near the $ 170.0B level, above which the market cap could move higher towards the $ 174.B level. On the downside, there are many supports near the $ 160.0B level. Therefore, dips remain supported in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins.