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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Market Trend Remains Bullish: EOS, Bitcoin Cash, TRX, ADA Price Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis altcoins

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  • The total crypto market cap is currently stuck in a range below the $178.5B resistance area.
  • EOS price is gaining bullish momentum and it is up more than 5% above $5.70 today.
  • Bitcoin cash price is likely to bounce back above $300 and $310 in the near term.
  • Tron (TRX) price is currently consolidating gains near the $0.0300 level.
  • Cardano (ADA) price is currently above $0.0850 and it might climb towards the $0.0900 level.

The crypto market trend remains bullish, with positive moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB and other altcoins could continue to rise in the near term.

Bitcoin Cash Price Analysis

Recently, there was a downside correction in bitcoin cash price below the $300 level against the US Dollar. The BCH/USD pair tested the $285 and $290 support levels. It is currently moving higher towards $300 and it may continue to rise in the near term.

A proper close above the $300 level might call for more gains towards the $310 and $315 levels. On the downside, the main support is at $185, below which the price could move back towards the $275 level.

EOS, Tron (TRX) and ADA Price Analysis

EOS price is gaining traction today above the $5.50 and $5.60 resistance levels. The price is up more than 5% and it is currently trading above the $5.70 level. If buyers remain in action, the price is likely to revisit the $5.90 and $5.90 resistance levels in the near term. The next main resistance is near the $6.00 level.

Tron price is grinding higher and it recently broke the $0.0285 and $0.0290 resistance levels. TRX price even moved above the $0.0300 level and it may continue to rise towards the $0.0312 and $0.0315 resistance levels. The key supports are visible near the $0.0290 area.

Cardano price is up around 2% today and it is currently trading above the $0.0850 level. ADA price is likely to move further higher towards the $0.0900 and $0.0950 levels. The main resistance is at $0.1000, where buyers are likely to face a strong selling interest.

Crypto Market Cap Bitcoin Cash BCH EOS TRX ADA BTC

Looking at the total cryptocurrency market cap hourly chart, there was a rejection noted near the $178.0B and $178.4B levels. Later, the market cap corrected lower and started trading in a range above the $165.0B support and a bullish trend line. As long as the $165.0B support is intact, the market cap is likely to clear the $178.4B resistance. The next hurdles are near the $180.0B and $184.0B levels. Overall, the market trend remains bullish, with chances of more gains in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.

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Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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