- The total crypto market cap is trading nicely above the $128.0B support level.
- Bitcoin cash price recovered recently and traded above the $132 resistance.
- EOS price is currently placed nicely above the $3.70 support level.
- Stellar (XLM) price rallied more than 10% and broke the key $0.1000 resistance area.
- Tron (TRX) is currently consolidating near the $0.0230 support level.
Bitcoin Cash Price Analysis
Bitcoin cash price rebounded nicely this past week and moved above the $128 and $130 resistances against the US Dollar. The BCH/USD pair is currently trading above the $132 level and it seems like there could be more gains towards the $135 resistance in the near term.
However, the main resistance is near the $138-140 zone for a larger upward move. If the pair fails to climb higher, there are chances of a downside correction below the $130 support.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price gained traction this past week and broke the $3.50 and $3.60 resistance levels. The price even broke the $3.70 and $3.75 resistance levels before starting a short term correction. It is currently trading well above the $3.70 support, with chances of a move towards the $3.80 or $3.85 resistance level in the near term.
Stellar price performed really well and rallied above the $0.0900 and $0.0950 resistance levels. XLM price is up more than 10% and it even surpassed the $0.1000 resistance level to move into a positive zone. The current price action is positive and it seems like the price could rise towards the $0.1100 resistance level.
Tron price remained confined in a range above the $0.0220 support level. TRX price recently moved above $0.0230, but it faced a strong resistance near the $0.0235 and $0.0240 resistance levels. It seems like the price is preparing for the next key break either above $0.0240 or below $0.0220.
Looking at the total cryptocurrency market cap hourly chart, there was a sharp upward move after a test of the $124.0B support level. The market cap jumped above the $126.0B and $128.0B resistance levels. However, the $130.0B level is acting as a strong resistance and preventing further gains. In the short term, there could be a downside correction before there could be another attempt to surpass the $130.0B resistance. On the downside, the key supports are near the $128.0B and $126.0B levels. Overall, dips remain supported in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the near term.
The post Crypto Market Sighting Bullish Break: XLM, Bitcoin Cash, EOS, TRX Price Analysis appeared first on NewsBTC.
* First published on newsbtc.com