NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Crypto Market Primed For Gains: Bitcoin Cash, EOS, TRX, ADA Analysis

Aayush Jindal
Aayush Jindal
5 years ago
2 mins read
technical analysis altcoins

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • The total crypto market cap tested the key support area near $245.0B and bounced back.
  • Bitcoin price jumped sharply after testing the main $8,000 support area.
  • EOS price is up more than 10% and it broke the $8.00 and $8.20 resistance levels.
  • Bitcoin cash price tested the $420 support level and bounced back above $440.
  • Tron (TRX) price is up more than 12% and it recently broke the $0.0350 resistance.
  • Cardano (ADA) price is currently trading near the $0.0900 and $0.0905 resistance levels.

The crypto market cap, bitcoin (BTC), Ethereum (ETH), EOS, and Tron (TRX) recovered significantly. BCH, ripple, ADA, BNB, and other altcoins are also gaining traction.

Bitcoin Cash Price Analysis

Recently, we saw a sharp downside correction in bitcoin cash price from well above $475 against the US Dollar. The BCH/USD pair traded below the $450 support level. The pair tested the $420 support area, which acted as a strong support.

The pair bounced back and moved above the $430 and $440 levels. The next key resistance is near the $450 level, above which the price could trade above the $465 level.

EOS, Tron (TRX) and ADA Price Analysis

EOS price performed really after it tested the key $7.000 support area. The price recovered significantly and traded above the $7.800 and $8.000 levels. The price is up more than 13% today and it is currently trading above the $8.200 level. The next important resistance for the bulls is near the $8.450 and $8.500 levels.

Tron price also recovered sharply and climbed back above the $0.0340 and $0.0350 resistance levels. TRX price is currently trading with a positive tone above the $0.0350 level and it might continue to rise above the $0.0365 levels. On the downside, the main supports are near the $0.0342 and $0.0340 levels.

Cardano price recovered after testing the $0.0800 support level. ADA price broke the $0.0860 and $0.0880 resistance levels and it is currently trading near the $0.0900 level. The next key resistance is near the $0.0920 level, above which the price could trade towards the $0.0950 level.

Crypto Market Cap Bitcoin Cash BTC BCH EOS BNB TRX ETH XRP

Looking at the total cryptocurrency market cap hourly chart, there was a solid downside correction from the $277.4B swing high. The market cap declined more than $30.0B. It even broke the key $255.0B support area and tested the next support at $240.0B level and the 100 SMA. The market remained well bid near the $240.0B level and bounced back sharply above $255.0B. It is currently above $260.0B and facing a couple of important resistances near the $265.0B and $270.0B levels. Overall, there could be more gains in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.

Tweet123Share196ShareSend
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.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

유니스왑(Uniswap), DEX 거래소 최초로 누적 거래량 3조 달러 달성

유니스왑(Uniswap), DEX 거래소 최초로 누적 거래량 3조 달러 달성

유니스왑(Uniswap)이 전 세계 최초로 누적 거래량 3조 달러를 돌파한 탈중앙화 거래소가 됐다. 창립자이자 CEO인 헤이든 아담스는 이 소식을 X(구 트위터)를 통해 전하며 플...

Soyeon Lee 3 hours ago
Ethereum MVRV Picing Bands Show Key Resistance Around $3,100 Level – Details

Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details

Ethereum is trading firmly above the $2,600 mark after a surge in buying pressure over the past several days, marking...

Sebastian Villafuerte 4 hours ago
仮想通貨 プレセールで3,500万ドル突破:次の100倍を狙うソラナ系新興トークンとは?

仮想通貨 プレセールで3,500万ドル突破:次の100倍を狙うソラナ系新興トークンとは?

仮想通貨市場は再び上向きに動き始めました。ビットコイン(BTC)は米中の合意で、105,000ドル(約1,575万円)を超えました。 イーサリアム(ETH)は5月7日のアップグレードで50%上昇しまし...

Yohei Hanazato 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

$1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal

$1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal

Sebastian Villafuerte 1 hour ago
XRP, 주간 17% 급등… 알트코인 시즌 본격 개막 신호탄?

리플 가격(XRP), 주간 21% 급등… 알트코인 시즌 본격 개막 신호탄?

Soyeon Lee 2 hours ago
Next Crypto to 1,000x as Bitcoin Targets $135K by June and Trump Predicts Market Explosion

Next Crypto to 1,000x as Bitcoin Targets $135K by June and Trump Predicts Market Explosion

NewsBTC 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Bitcoin soared to $105,000, join cloud mining can earn...

    1 hour ago
  • How can global XRP users earn $8714 per day by remotely...

    4 hours ago
  • Built for the Future: BitDa Delivers Safe, Compliant, and...

    6 hours ago
  • Cloud Mining

    Top 13 Cloud Mining Platforms to Try in 2025: Your Ultimate...

    6 hours ago
  • Under the Radar: A Deep Dive into Oraichain, PinLink, and...

    12 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.