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Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

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  • The total crypto market cap is likely preparing for an upside break above the $135.00B level.
  • EOS price is gaining momentum and it could soon break the $3.00 resistance.
  • Bitcoin cash price is trading above the $160 support area, with an immediate resistance at $165.
  • Tron (TRX) price rallied close to 20% and broke the $0.0300 resistance.
  • Cardano (ADA) price gained 8% and broke the $0.0500 resistance.

Tron (TRX) surged more than 20% recently and cleared the $0.0300 barrier. Bitcoin, BCH, Ethereum, and altcoins like EOS and Cardano (ADA) could gain further.

Bitcoin Cash Price Analysis

Bitcoin cash price is back above the $160 support area after a short term downside correction against the US Dollar. However, BCH/USD is facing a lot of hurdles on the upside, starting with $164 and $165. The main resistance on the upside is near the $170 level.

On the other hand, if there is a downside correction below $160, the price may decline towards the $155 level. The key support below $155 is near the $150 level.

EOS, Tron (TRX) and ADA Price Analysis

EOS price gained traction recently above the $2.80 resistance area. Buyers were successful in pushing the price above the $2.90 resistance as well. Going forward, the price may accelerate above the $3.00 barrier if buyers remain in action.

Tron was one of the best performers lately as it rallied more than 20% and broke the $0.0250 and $0.0280 resistance. More importantly, TRX price cleared the $0.0300 barrier and it may continue to move higher.

Cardano price gained more than 8% recently and broke the $0.0520 and $0.0540 resistance levels. ADA is now trading nicely above $0.0520 and it may even clear the $0.0550 resistance in the near term.

Crypto Market Cap Total EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

Looking at the total cryptocurrency market cap hourly chart, there is a strong support formed near the $132.00B level. More importantly, it seems like there is a breakout pattern formed with resistance at $135.00B and support near $131.00B. A break above $135.00B could clear the path for more gains in BTC, ETH, tron, litecoin, ripple, EOS, ADA, NEO, ICX and other altcoins in the near term.

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