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Bitcoin And Crypto Market Smash Resistance: BCH, BNB, EOS, TRX Analysis

Avatar Aayush Jindal 1 month ago
  • The total crypto market cap is gaining momentum above the key $192.0B resistance.
  • Bitcoin price is up more than 5% and it broke the $7,500 resistance area.
  • EOS price is slowly rising towards the $2.600 and $2.700 resistance levels.
  • Binance Coin (BNB) is still well below the main $14.00 and $14.20 resistance levels.
  • BCH price is trading above $195 and it might attempt to climb above $200.
  • Tron (TRX) price is up more than 8% and it is trading near the $0.0150 resistance.

The crypto market cap and bitcoin (BTC) are gaining bullish momentum. Ethereum (ETH), binance coin (BNB), ripple, BCH, tron (TRX), litecoin and EOS are showing positive signs.

Bitcoin Cash Price Analysis

After a fresh decline below $185, bitcoin cash price found support and recovered nicely against the US Dollar. The BCH/USD pair is currently climbing higher and it is trading above the $190 and $192 resistance levels.

The price is now trading near the $195 level and it seems like it could continue to rise above the $200 and $205 levels. On the downside, the main support is near the $185 level.

Binance Coin (BNB), EOS, Tron (TRX) Price Analysis

EOS price remained stable above the $2.250 support area and recently started a steady rise. The price is now trading nicely above the $2.500 level and it could gain traction. However, the price is likely to struggle near $2.600 or $2.700, above which there are high chances of a strong rise towards $3.000.

Tron price is gaining momentum and it recently recovered above the $0.0135 and $0.0140 resistance levels. TRX price recently tested the $0.0150 resistance area and it is currently correcting gains. An initial support is near the $0.0145 level, followed by $0.0142. On the upside, there are many hurdles near $0.0150 and $0.0152.

Binance coin (BNB) is forming a nice support above the $13.00 and $13.20 levels. BNB price is showing positive signs and it could continue to rise towards $14.00. However, the $14.00 and $14.20 levels are major hurdles for the bulls, above which the price could climb higher towards $15.00.

Bitcoin And Crypto Market Cap

Crypto Market Cap

Looking at the total cryptocurrency market cap 4-hours chart, there was a nice upward move from the $180.0B support area. The crypto market cap rallied above the key $190.0B and $192.0B resistance levels. It is now above the $194.0B level and it seems like it could attempt to surpass the $200.0B and $205.0B resistance levels.

Therefore, there are chances of more upsides in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the near term.

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