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Key Points
- The total crypto market cap bounced back and moved above the $110.00B resistance zone.
- EOS price rallied more than 30% and climbed above the $2.50 resistance.
- Cardano (ADA) price moved above the $0.0300 and $0.0320 resistance levels.
- Setllar (XLM) gained more than 15% and traded above $0.1100.
- Dogecoin price rallied more than 20% and climbed above $0.0025.
The total crypto market cap surged higher above $110.00B. Bitcoin, Ethereum, ripple and altcoins like EOS, Cardano (ADA), Stellar (XLM) and Dogecoin rallied sharply.
EOS Price Analysis
After struggling a lot below the $2.00 resistance, EOS price finally formed a support base for a solid rally. The price gained pace above the $2.00 resistance and broke the $2.20 and $2.50 resistance levels. It is currently up more than 30% and it seems like there could be more gains towards $3.00.
On the downside, the $2.40 level may act as a short term support if there is a bearish correction. Below $2.40, the next key support is near the $2.20 level.
Cardano (ADA), Stellar (XLM), Dogecoin Price Analysis
Cardano price finally settled above the $0.0300 resistance level. ADA price gained more than 15% and traded above the $0.0320 resistance. The next stop for buyers could be near the $0.0350 level.
Stellar price formed a solid support above the $0.1000 level and rallied above the $0.1050 and $0.1100 resistance levels. On the upside, the next major resistance for buyers could be $0.1150 or $0.1200.
Dogecoin formed a solid support near the $0.0020 level and later started an upward move. DOGE price rallied more than 20% recently and traded close to the $0.0027 level. It may correct lower in the short term, but dips remain supported near $0.00240 and $0.00220.
Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $105.00B and $110.00B resistance levels. More importantly, there was a break above a crucial bearish trend line at $100.00B on the same chart. The market cap touched the $114.25B level and it seems like there could be more upsides. Therefore, there are chances of more upsides in Bitcoin, Ethereum, EOS, litecoin, ripple, XLM and other altcoins in the near future.
