Crypto Market & Bitcoin Smash Resistance: BNB, BCH, LTC, EOS 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 broke a major resistance area near the $188.0B level.
Bitcoin price is up more than 5% and it broke the $7,400 resistance area.
Litecoin (LTC) price is slowly rising towards the $48.50 and $49.20 resistance levels.
BCH price is rising and it managed to climb above the $220 resistance area.
EOS price is now trading nicely above $2.500 and it might soon test $2.850.
Binance coin (BNB) is back above $16.00 and it could continue to rise above $16.50.

Bitcoin (BTC) and the crypto market cap are gaining bullish momentum. Many altcoins such as Ethereum (ETH), binance coin (BNB), ripple, litecoin, BCH, EOS, TRX, and ADA are recovering higher.

Bitcoin Cash Price Analysis

After a decent upward move, bitcoin cash price settled above the $200 level against the US Dollar. Moreover, BCH price broke the $210 resistance area and it is now trading near the $220 level. If it breaks the $225 resistance, there are chances of a strong rise in the near term.

If there is a downside correction, the $210 level may perhaps provide support. The main support is near $200, below which the price could resume its decline.

Binance Coin (BNB), Litecoin (LTC) and EOS Price Analysis

Binance coin (BNB) price found support above the $15.00 level and it recently started a decent recovery. BNB price is now trading above the $16.00 resistance and it could continue to rise. An immediate resistance is near the $16.50 level, above which the price is likely to test the $17.20 hurdle.

Litecoin price is holding the $45.50 support area and it is slowly recovering. LTC price is now trading above the $47.00 level, but it is still trading below the main $48.50 and $50.00 resistance levels. On the downside, the main supports are near $45.50 and $44.50.

EOS price is up more than 3% and it is now trading well above the $2.500 and $2.600 levels. An immediate resistance is near the $2.720 level, above which the price might face a strong hurdle near the $2.850 resistance. On the downside, the main support is now near the $2.500 level.

Crypto Market Cap Bitcoin — Crypto Market Cap

Looking at the total cryptocurrency market cap hourly chart, there was a break above the key $190.0B resistance and a bearish trend line. It opened the doors for more upsides above $195.0. However, the crypto market cap needs to climb above the main $200.0B resistance to continue higher.

Overall, there are chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins in the near term.

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.

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.