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Crypto Market Signaling Bullish Continuation: Bitcoin SV, BCH, BNB, ADA Analysis

Avatar Aayush Jindal 9 months ago
  • The total crypto market cap is climbing higher and it might soon break the $270.0B barrier.
  • Bitcoin SV price rallied close to 100% and traded above the $180 and $200 resistance levels.
  • There were gains in bitcoin cash as well as it climbed above the main $450 barrier.
  • Binance Coin (BNB) is gaining momentum and it might break the $35.00 resistance.
  • Cardano (ADA) price is slowly moving higher towards the $0.0950 and $0.0980 resistance levels.

The crypto market cap is climbing higher, with strong gains in bitcoin SV, BCH, BNB and IOTA. BTC, Monero (XMR), Tron (TRX), EOS, Ethereum, cardano (ADA), and ripple are likely to start fresh increase.

Bitcoin Cash Price Analysis

After a short term downside correction, bitcoin cash price found support near the $420 level against the US Dollar. The BCH/USD pair started a fresh increase and climbed above the key $440 and $445 resistance levels. The pair even broke the main $450 resistance and traded above $460.

The price is up more than 10% and it might continue to rise towards the $475 and $480 resistance levels. The next key barrier for the bulls is near the $500 handle.

Bitcoin SV, Binance Coin (BNB) and ADA Price Analysis

There was a sharp increase in bitcoin SV in the past two sessions. BSV price is up more than 100% and it broke many important hurdles such as $180 and $200. The price is currently trading above $220 and it might continue to climb towards the $250 resistance area.

Binance coin (BNB) completed a downside correction and traded above the $33.20 and $34.00 resistance levels. BNB price is up around 5% and it is currently trading near $34.50. The main resistance is at $35.00, above which the price could rally above the $36.00 level.

Cardano price is moving higher steadily and it recently climbed above the $0.0880 and $0.0900 resistance levels. ADA price is now trading above $0.0920 and it could soon test the $0.0950 resistance. The key hurdle for the bulls is near the $0.1000 level.

Crypto Market Cap Bitcoin Cash BTC BCH EOS TRX BNB BSV

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp dip below the $260.0B level. However, the $255.0B support area acted as a strong barrier. As a result, the market cap bounced back above the $260.0B level. It is currently testing the $268.0B resistance level and it seems like there could be an upside break in the near term. The next key resistances are near $275.0B and $280.0. If there is an upside break, there are chances of strong gains in bitcoin, Ethereum, ADA, ripple, tron, XLM, ADA, BNB, ICX, BCH, EOS, and other altcoins in the next few hours.

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial...

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