- The total crypto market cap rallied recently and broke the key $130.0B resistance area.
- EOS price broke the key $3.65 and $3.70 resistance levels and tested $3.80.
- Bitcoin cash price rallied more than 10% and broke the $150 and $160 barriers.
- Tron (TRX) price is slowly moving higher and it could break the $0.0240 resistance level.
- Cardano (ADA) price cleared the $0.0500 resistance to move into a positive zone.
Bitcoin Cash Price Analysis
In the past few sessions, bitcoin cash price performed really well and broke the $140 and $150 resistances against the US Dollar. The BCH/USD pair even broke the $160 barrier and traded to a new monthly high above $165. At the moment, the price is consolidating gains below the $168 and $170 resistance levels.
If there is a downside correction, the $162 and $160 levels are likely to act as solid supports in the near term. On the upside, a break above the $170 level might call for a push towards the $180 level.
EOS, Tron (TRX) and ADA Price Analysis
EOS price slowly climbed above the $3.65 and $3.70 resistance levels. The price even broke the $3.75 level and it is likely to clear the $3.80 resistance in the near term. The next key resistance is at $3.85, above which the price may rally towards the $4.00 barrier.
Tron price managed to stay above the $0.0220 support and it recently corrected higher. TRX price climbed above the $0.0230 resistance and it may continue to rise towards the $0.0240 resistance area, which is a major hurdle for buyers.
Cardano price remained in the bullish zone above the $0.0400 support. ADA price recently broke the $0.0460 and $0.0500 resistance levels to register decent gains. It may continue to climb towards the $0.0520 resistance level in the upcoming hours.
Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $130.0B and $132.0B resistance levels. The market cap even broke the $135.0B resistance and traded towards the $137.0B level. Later, there was a downside correction, but the $132.0B level acted as a support. It bounced back and traded above the $134.0B level. In the short term, there could be a downside correction, but the $132.0B and $130.0B levels are likely to act as solid supports. On the upside, the main resistance levels are near $137.0B and $140.0B. Overall, there are high chances of more upsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.