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

Aayush Jindal

1 year ago

2 mins read

Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

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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.

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 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.

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.

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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.