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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin And Crypto Market Stuck In Range: BCH, EOS, TRX, ADA Analysis

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

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Created by industry experts and meticulously reviewed
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  • The total crypto market cap is currently in a range above the $230.0B support area.
  • Bitcoin price is currently consolidating above the key $9,000 support area.
  • EOS price is trading above the $3.200 support area and facing resistance near $3.350.
  • BCH price is currently correcting lower and it is approaching the $280 support area.
  • Tron (TRX) price moved below the $0.0200 support area and it could decline towards $0.0185.
  • Cardano (ADA) price is currently trading in a range above the $0.0400 support area.

Bitcoin and the crypto market cap are currently moving in a range. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are trading above key supports.

Bitcoin Cash Price Analysis

Recently, BCH price surged above the $285 and $300 resistance levels against the US Dollar. However, the price faced a strong resistance near the $305-310 area. As a result, the price started a downside correction and declined below the $300 level.

The price is currently trading below $290 and it is approaching the $280 support area. On the upside, there are many resistances near the $300 and $305 levels. On the downside, the next key support below $280 is near $265.

EOS, Tron (TRX) and ADA Price Analysis

EOS price failed to gain momentum above the $3.350 and $3.400 resistance levels. The price is currently correcting lower and is trading near the $3.250 level. An initial support is near the $3.200 level. If there is a downside break below the $3.200 support, the price could decline further towards the $3.050 support.

After a strong rally above the $0.0200 resistance, tron price found resistance near the $0.0225 level. TRX price is currently correcting lower and it is trading below the $0.0200 level. The next key support on the downside is near the $0.0185 level, below which the price could test the $0.0180 level.

Cardano price surged above the key $0.0400 and $0.0420 resistance levels. ADA price is currently correcting lower and is trading below the $0.0420 level. If there are more downsides, the price could test the $0.0405 and $0.0400 support levels.

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 downside correction after a sharp rally above the $250.0B level. The market cap corrected lower and traded below the $245.0B level. It is currently consolidating above the $232.0B support area. On the downside, there are many supports near the $230.0B and $225.0B levels. There is also a connecting bullish trend line forming with support near $230.0B on the same chart.

Therefore, dips likely remain well supported 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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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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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

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