- The total crypto market cap is currently stuck in a range below the $178.5B resistance area.
- EOS price is gaining bullish momentum and it is up more than 5% above $5.70 today.
- Bitcoin cash price is likely to bounce back above $300 and $310 in the near term.
- Tron (TRX) price is currently consolidating gains near the $0.0300 level.
- Cardano (ADA) price is currently above $0.0850 and it might climb towards the $0.0900 level.
Bitcoin Cash Price Analysis
Recently, there was a downside correction in bitcoin cash price below the $300 level against the US Dollar. The BCH/USD pair tested the $285 and $290 support levels. It is currently moving higher towards $300 and it may continue to rise in the near term.
A proper close above the $300 level might call for more gains towards the $310 and $315 levels. On the downside, the main support is at $185, below which the price could move back towards the $275 level.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is gaining traction today above the $5.50 and $5.60 resistance levels. The price is up more than 5% and it is currently trading above the $5.70 level. If buyers remain in action, the price is likely to revisit the $5.90 and $5.90 resistance levels in the near term. The next main resistance is near the $6.00 level.
Tron price is grinding higher and it recently broke the $0.0285 and $0.0290 resistance levels. TRX price even moved above the $0.0300 level and it may continue to rise towards the $0.0312 and $0.0315 resistance levels. The key supports are visible near the $0.0290 area.
Cardano price is up around 2% today and it is currently trading above the $0.0850 level. ADA price is likely to move further higher towards the $0.0900 and $0.0950 levels. The main resistance is at $0.1000, where buyers are likely to face a strong selling interest.
Looking at the total cryptocurrency market cap hourly chart, there was a rejection noted near the $178.0B and $178.4B levels. Later, the market cap corrected lower and started trading in a range above the $165.0B support and a bullish trend line. As long as the $165.0B support is intact, the market cap is likely to clear the $178.4B resistance. The next hurdles are near the $180.0B and $184.0B levels. Overall, the market trend remains bullish, with chances of more gains in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.