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Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Crypto Market Is Crucial Uptrend: EOS, Bitcoin Cash, TRX, ADA Price Analysis

Aayush Jindal
Aayush Jindal
6 years 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 gaining traction and it is about to break the $140.0B resistance area.
  • EOS price is placed nicely above the $4.10 and $4.20 support levels, with a positive bias.
  • Bitcoin cash price may soon make an attempt to clear the $170 resistance area.
  • Tron (TRX) price is likely to face a strong selling interest near the $0.0240 resistance.
  • Cardano (ADA) price settled above the $0.0700 level and it may accelerate further above $0.0720.

The crypto market gained bullish momentum, with positive moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB and other altcoins are likely to accelerate higher.

Bitcoin Cash Price Analysis

This past week, there was a solid recovery in bitcoin cash price above the $160 resistance against the US Dollar. The BCH/USD pair even settled above the $165 level and tested the $170 resistance. At present, the price is consolidating above the $165 support and it may revisit the $170 resistance.

On the upside, a clear break above the $170 resistance may open the doors for more gains. The next key resistance is at $172, above which the price may test $175.

EOS, Tron (TRX) and ADA Price Analysis

EOS price gained bullish momentum and moved above the $4.00 and $4.10 resistance levels. The price even broke the $4.20 level and it is currently consolidating gains. The last week swing high was near $4.40 and it seems like the price may climb higher this week to retest the $4.40 level or the $4.50 resistance area.

Tron price managed to stay above the $0.0230 and $0.0232 support levels. TRX price recently moved above the $0.0235 level and it seems like it could test the main resistance at $0.0240. If buyers fail to clear the $0.0240 resistance, there could be a fresh decline in TRX below $0.0232.

Cardano price performed really well this past week and traded above the $0.0700 resistance level. ADA is currently trading in a range above the $0.0700 level, with an immediate resistance near the $0.0720 level. Conversely, if there is a downside correction, the price may test $0.0680.

Crypto Market Cap Bitcoin Cash BCH TRX ADA EOS

Looking at the total cryptocurrency market cap hourly chart, there was a sharp recovery after the $136.5B level acted as a strong support. The market cap climbed above the $138.0B level and it is currently trading near the last swing high. The current technical structure is bullish and suggests more upsides above the $139.5B and $140.0B resistance levels in the near term. Therefore, there are high chances of more gains in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.

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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
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