- The total crypto market cap is placed nicely above the $130.00B support level.
- EOS price is up more than 5% and it broke the $2.80 resistance area.
- Bitcoin cash price settled above the $160 resistance, with a bullish angle.
- Tron (TRX) price is gaining pace above the $0.0220 resistance level.
- Cardano (ADA) price gained 7% and traded close to the $0.0500 hurdle.
Bitcoin Cash Price Analysis
Bitcoin cash price gained traction recently and broke the $150 resistance area against the US Dollar. BCH/USD even cleared the $160 resistance and traded close to the $168-170 resistance area. If there is a break above the $170 resistance, the price may extend gains above the $175 and $178 resistance levels.
On the downside, an initial support is at $162 followed by $160. If there is a break below the $160 support, the price may extend losses towards the $150 support.
EOS, Tron (TRX) and ADA Price Analysis
EOS price performed really well recently and broke the $2.75 and $2.80 resistance levels. EOS is up around 5% and it may continue to move higher towards the $2.90 and $3.00 resistance levels. The main supports are at $2.80 and $2.72.
Tron price remained in a decent uptrend in the past few days and it broke the $0.0200 and $0.0210 resistance levels. TRX price even settled above the $0.0220 level and it looks set for more gains in the near term.
Cardano price surged above the $0.0450 and $0.0480 resistance levels. ADA price even broke the $0.0500 hurdle and traded close to the $0.0510 level. The current price action is positive and dips remain supported near $0.0500 and $0.0492.
Looking at the total cryptocurrency market cap hourly chart, there was a decent upward move above the $135.00B resistance level. The market can touched the $137.00B level and later started a downside correction. On the downside, there are many supports near the $133.00B, $132.00 and $130.00B levels. Therefore, if there is a downside correction in BTC, ETH, litecoin, ripple, EOS, ADA, NEO, and other altcoins, buyers are likely to protect losses.
The post Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.