- The total crypto market cap climbed higher nicely and surpassed the $280.0B resistance.
- Bitcoin price rallied close to 8% and broke the key $11,200 and $11,500 resistance levels.
- EOS price is slowly rising towards the $4.400 and $4.500 resistance levels.
- BCH price broke the $340 resistance and it could attempt to surpass the $350 resistance.
- Tron (TRX) price is still consolidating above the $0.0220 support level.
- Cardano (ADA) price is struggling to move higher and it is currently near the $0.0560 level.
Bitcoin Cash Price Analysis
There were positive moves in bitcoin cash price above the $320 and $330 resistance levels against the US Dollar. The BCH/USD pair even broke the $340 resistance level and traded close to the $350 level. If it currently consolidating gains and it might soon make another attempt to surpass the $350 resistance level.
If there is a downside correction, an immediate support is near the $340 level. Any further losses might push the price back towards the $320 support zone in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price remained stable above the $4.100 and $4.200 support levels. However, it is struggling to gain bullish momentum above $4.300 and is slowly rising towards the $4.400 and $4.500 resistance levels. On the downside, the main support is near the $4.200 level.
Tron price is facing an uphill task near the $0.0230 and $0.0232 resistance levels. TRX price is currently consolidating above the $0.0220 level and it might start a decent rise. However, a successful break above the $0.0232 resistance is must for a short term upside correction.
Cardano price remained under pressure and failed to break the $0.0600 resistance area. ADA price is currently trading near $0.0560, with a key support near the $0.0550 level. On the upside, the price is facing many hurdles near the $0.0580 and $0.0600 levels. On the downside, a break below $0.0550 might push the price towards $0.0520.
Looking at the total cryptocurrency market cap 4-hours chart, there was a solid upward move above the $270.0B and $280.0B resistance levels. The market cap even broke the $290.0B resistance level and almost tested the $300.0B resistance level. If there are more upsides, the next stop could be near the $315.0B level. On the downside, there are many supports forming near the $288.0B and $285.0B levels. The main support area is near the $280.0B level (the previous resistance). Therefore, dips remain 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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