- The total crypto market cap is climbing higher and it may soon break the $265.0B resistance.
- Bitcoin price is now trading nicely above the $10,600 level, with a positive angle.
- EOS price is currently consolidating near the $3.300 level.
- Binance Coin (BNB) is gaining momentum and is currently trading above the $22.25 level.
- BCH price may soon make another attempt to surpass the $300 and $305 resistance levels.
- Tron (TRX) price is extending losses and it recently broke the key $0.0150 support area.
Bitcoin (BTC), binance coin (BNB) and the crypto market cap are gaining bullish momentum. Ethereum (ETH), BCH, tron (TRX), litecoin, ripple and EOS are also struggling to recover.
Bitcoin Cash Price Analysis
Recently, BCH price failed to climb above the $300 and $305 resistance levels against the US Dollar. As a result, there was a downside correction and the BCH/USD pair tested the $290 level. The price is currently trading in a range and it seems like the price may soon make another attempt to surpass the $300 and $305 resistance levels.
If the price struggles to gain pace above $300, it could extend its decline below the $290 and $285 support levels in the near term.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price is struggling to hold the $3.300 support level and is trading in a range. If it continues to struggle, there could be a downside reaction towards the $3.200 support level. The next major support is near the $3.100 level, followed by 3.050. On the upside, the main hurdles are near $3.450 and $3.500.
Tron price remains in a bearish zone and it recently declined more than 4%. TRX price broke the key $0.0150 support level and accelerated its decline. The next major support is near $0.0145, below which the price could even test the $0.0142 level.
Binance coin (BNB) started a nice upward move above the $22.00 resistance level. BNB price is currently up more than 3% and it recently broke the $22.40 level. The main resistances on the upside are near the $23.00 and $23.20 levels. On the downside, the $22.00 level may now act as a support.
Looking at the total cryptocurrency market cap 4-hours chart, there was a minor downside correction from the $265.0B resistance level. However, the $255.0B support level is acting as a strong support. The market cap is currently moving higher towards the $265.0B resistance, with a bullish angle. If there is an upside break above $265.0B, there could be an upside extension towards the $280.0B level. Overall, bitcoin is gaining pace, while Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX are facing hurdles.
