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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Leading Crypto Market Rally: Bitcoin Cash, XLM, EOS, TRX Price Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

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Created by industry experts and meticulously reviewed
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  • The total crypto market cap is gaining momentum above the $175.0B resistance level.
  • Bitcoin price rallied more than 3.5% and climbed above the $5,550 resistance.
  • Bitcoin cash price is currently placed nicely above the $270 support level.
  • EOS price is back above the $4.80 level and it may test the $4.90 resistance.
  • Stellar (XLM) price is likely to gain momentum above the $0.1000 resistance level.
  • Tron (TRX) is still struggling to clear the $0.0242 and $0.0245 resistance levels.

The crypto market cap is climbing higher, with sharp gains in bitcoin (BTC) and BNB. Altcoins like Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) could also climb higher.

Bitcoin Cash Price Analysis

Bitcoin cash price formed a decent support base and recently climbed above the $262 and $265 resistance levels against the US Dollar. The BCH/USD pair even broke the $270 level and it looks set to gain momentum above the $275 resistance level in the near term.

A clear break above the $275 and $280 resistance levels may open the doors for a sharp upward move in the near term. The next key resistance is near the $300 level, and the main support on the downside is at $260.

Stellar (XLM), EOS and Tron (TRX) Price Analysis

EOS price bounced back above the $4.75 and $4.80 resistance levels to move into a positive zone. It seems like the price may continue to rise and it could test the $4.90 or even $4.95 resistance. The crucial hurdle for the bulls is near the $5.00 level.

Stellar price is slowly moving higher and it is currently near the $0.0990 level. XLM price is likely to climb above the $0.1000 and $0.1020 resistance levels in the near term. On the downside, an initial support is at $0.0980, followed by the $0.0960 level.

Tron price is currently consolidating, but it is still below the key $0.0242 and $0.0245 resistance levels. TRX price must clear the $0.0245 resistance level to start a strong upward move. The main support on the downside is near the $0.0235 and $0.0232 levels.

Crypto Market Cap Bitcoin Cash BCH BTC BNB TRX EOS XLM

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $170.0B and $172.0B resistance levels. The market cap even broke a contracting triangle resistance near the $174.0B resistance. It climbed above the $175.0B level and it seems like there could be more upsides towards the $180.0B resistance level. If there is a downside correction, the market cap is likely to find support near the $175.0B or $174.0B level. Overall, the trend is very positive for bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins.

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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

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