technical analysis altcoins

Bitcoin And Crypto Market Remain In Uptrend: BCH, EOS, TRX, ADA Analysis

Avatar Aayush Jindal 1 month ago
  • The total crypto market cap is consolidating below the $245.0B and $250.0B resistances.
  • Bitcoin price is facing a strong resistance near the $9,400 and $9,500 levels.
  • EOS price is currently trading in a range above the key $3.300 support area.
  • BCH price rallied recently and tested the main $300 resistance area.
  • Tron (TRX) price is extending gains and it is trading nicely above $0.0200.
  • Cardano (ADA) price is now trading above the key $0.0420 resistance area.

Bitcoin and the crypto market cap positioned nicely in a bullish zone. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are showing positive signs.

Bitcoin Cash Price Analysis

Recently, BCH price started a strong rise above the $250 and $265 resistance levels against the US Dollar. The price even rallied above the $285 resistance and tested the $300 area. A high was formed near the $308 level and the price is currently correcting gains.

An immediate support is near the $285 and $280 levels. If there are more downsides, the price could test the main $265 support area in the coming days. On the upside, there are many hurdles near $300 and $305.

EOS, Tron (TRX) and ADA Price Analysis

EOS price gained bullish momentum after it broke the $3.150 resistance area. The price gained traction above $3.250 and even climbed towards the $3.450 level. The price is currently consolidating above the $3.300 support and it could rise again towards the $3.450 and $3.500 levels.

Tron price rallied significantly in the past few days and surpassed many hurdles near $0.0185 and $0.0200. TRX price is now trading nicely above $0.0210 and it could continue to rise towards the $0.0225 and $0.0235 levels. On the downside, the previous resistance near the $0.0200 level might act as a strong support.

Cardano price managed to recover recently and climbed above the $0.0400 and $0.0420 resistance levels. ADA price might continue to rise and it is likely to test the $0.0440 and $0.0450 resistance levels in the near term.

Bitcoin Crypto Market Altcoins ETH XRP EOS BNB TRX ADA LTC

Crypto Market Cap

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp rise above the $205.0B and $220.0B resistance levels. The market cap even rallied above the $250.0B level and topped near the $265.0B level. It is currently consolidating in a range and inside a contracting triangle with resistance near $245.0B. If there is a clear break above the $250.0B resistance, the market cap could rise further.

On the downside, the main supports are near $235.0B and $225.0B. Overall, there are chances of more gains in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.

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