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Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
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Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Crypto Market Could Pump $10 Billion: Bitcoin Cash, EOS, Tron, BNB Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis altcoins

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  • The total crypto market cap broke the $170.0B resistance and it could now test $180.0B.
  • EOS price is back above $5.50 and it could continue higher towards the $5.65 level.
  • Binance Coin (BNB) is slowly climbing towards the $20.00 and $21.00 resistance levels.
  • Bitcoin cash price is currently consolidating above $310, with a positive bias.
  • Tron (TRX) price is likely to rise towards the $0.0285 and $0.0292 resistance levels in the near term.

The crypto market is gaining pace, with strong bullish moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as bitcoin cash, litecoin, tron (TRX), ripple, binance coin (BNB) and EOS could extend gains.

Bitcoin Cash Price Analysis

Bitcoin cash price gained traction recently and settled above the $300 level against the US Dollar. The BCH/USD pair even broke the $310 level and it is currently consolidating above the $310 level. If buyers gain momentum, there are chances of an upside break above the $320 and $325 levels in the near term.

On the downside, the main support is at $300, below which the price could start a downside correction towards the $295 or $290 level.

EOS, Tron (TRX) and BNB Price Analysis

EOS price remained well bid above the $5.20 and $5.30 support levels. The price recently moved above the $5.40 and $5.50 resistance levels. The current price action is positive and it seems like there could be more gains above the $5.55 and $5.60 resistance levels.

Tron price corrected lower earlier this week and tested the $0.0260 support level. TRX price bounced back above $0.0270 and it is currently up more than 1.5%. If there is an upside break above $0.0275, the price may perhaps rise towards the $0.0285 and $0.0282 resistance levels.

Binance coin (BNB) is forming a strong support above the $19.00 level. BNB price is trading in a range above $19.00 for quite some time now and it seems like it could make the next move. On the upside, a close above the $20.00 resistance will most likely push the price towards $22.00 or $23.00. On the downside, a break below the $18.50 level may push the price towards the $17.00 support.

Crypto Market Cap Bitcoin Cash BCH BNB EOS TRX

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move after the $158.0B level acted as a solid support. The market cap is following a crucial bullish trend line and it recently cleared a significant resistance at $169.0B and $170.0B. It has opened the doors for more gains towards the $180.0B resistance level. Therefore, there are chances of further upsides in bitcoin, ETH, TRX, LTC, EOS, BNB, ripple, ADA, XLM, WAN, BCH, XMR and other altcoins in the near term.

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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.

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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.

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