Crypto Market Cap And Bitcoin Holding Support: BCH, BNB, EOS, TRX Analysis
- The total crypto market cap is currently holding the key $210.0B support area.
- Bitcoin price is also trading just above the $8,250 and $8,200 support levels.
- EOS price is showing positive signs above the $3.050 and $3.000 support levels.
- Binance Coin (BNB) is up more than 2% and it is trading nicely above the $18.00 resistance.
- BCH price is holding the $220 support and it could rise above the $235 resistance area.
- Tron (TRX) price is up around 4% and it is gaining pace above the $0.0162 resistance.
The crypto market cap and bitcoin (BTC) are holding important supports. Ethereum (ETH), binance coin (BNB), ripple, BCH, tron (TRX), litecoin and EOS might climb higher.
Bitcoin Cash Price Analysis
In the past few hours, there were mostly range moves in BCH price above the $215 support against the US Dollar. The BCH/USD pair is slowly rising and it is trading near the $225 level. On the upside, a clear break above the $235 and $240 resistance levels is needed for more upsides in the near term.
Conversely, a downside break below the $215 support area might push the price towards the $205 support area or the $200 pivot level.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price is trading nicely above the $3.050 and $3.000 support levels. The price is showing positive signs above $3.100 and it could soon test the $3.200 and $3.250 levels. The main resistance on the upside for the bulls is near the $3.300 level.
Tron price remained in a positive zone and it recently settled above the $0.0160 resistance level. TRX price is currently up around 4% and it is trading nicely above the $0.0162 level. The next key resistance on the upside is near the $0.0165 level.
Binance coin (BNB) performed really well in the past two days and broke a few important resistances near the $7.50 level. BNB price even broke the $18.00 level and it is currently trading near the $18.20 level. On the upside, an immediate resistance is near the $18.50 level, above which it could test the $18.75 and $18.80 resistances.
Looking at the total cryptocurrency market cap 4-hours chart, there was a spike towards the $230.0B level. It seems like the market cap failed to gain pace above the $225.0B resistance area. It is currently correcting lower below $220.0B, but holding an important support near the $210.0B level and the 100 SMA. If there is a downside break, the market cap could revisit the $200.0B support. If not, there could be a fresh increase in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the near term.
The post Crypto Market Cap And Bitcoin Holding Support: BCH, BNB, EOS, TRX Analysis appeared first on NewsBTC.
OhNoCrypto
via https://www.ohnocrypto.com
Aayush Jindal, Khareem Sudlow