- The total crypto market cap is about to break the $136.0B resistance level for the next bullish wave.
- Bitcoin cash price is back above the $160 level and it may continue to rise towards $165.
- EOS price is slowly moving higher towards the key $3.80 resistance area.
- Stellar (XLM) price is currently consolidating above $0.1110 and it could move towards $0.1200.
- Tron (TRX) could recover and test the $0.0230 resistance level.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price corrected lower from the $165 resistance against the US Dollar. The BCH/USD pair tested the $158 level where buyers appeared. The price moved higher once again and broke the $160 resistance level.
The current price action is positive and it seems like there could be more gains towards the $162 or $165 level. If bitcoin accelerates higher above $4,100, it could help BCH in clearing the $165 and $170 resistances.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price corrected lower recently, but the $3.65 level acted as a decent support. The price climbed higher once again and traded above $3.70 and $3.75. The next key resistance is at $3.80, above which there is a risk of more gains towards the $4.00 level.
Stellar price performed really well this week as it gained traction above the $0.1100 level. XLM price is currently consolidating gains and it seems to be setting up for more upsides above the $0.1150 and $0.1160 in the coming sessions.
Tron price is back above the $0.0220 support, but upsides might be limited. TRX price may correct higher towards $0.0230, where sellers are likely to emerge. On the downside, a break below the $0.0220 support could open the doors for a break towards $0.0200.
Ontology (ONT) price rallied recently by more than 16% and broke the $1.20 and $1.30 resistance levels. The next stop for ONT buyers seem to be near $1.50.
Looking at the total cryptocurrency market cap hourly chart, there was a slow and steady rise from the $130.0B support level. The market cap followed a nice uptrend and it recently moved above the $132.0B and $134.0B resistance levels. However, the $136.0B level is currently acting as a strong resistance. The current technical formation is solid and suggests that the market cap could climb above the $136.0B and $137.0B resistance levels in the near term. Therefore, there are high chances of a decent bullish wave in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, ONT, XTZ, and other altcoins in the near term.