- The total crypto market cap gained momentum and broke the $118.0B resistance level.
- EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance.
- bitcoin cash price is up more than 5% and it could soon test the $130 level.
- Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels.
- Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels.
The crypto market gained bullish momentum, with gains in () and (ETH). , BCH, , , ADA and other are also placed nicely above key supports.
bitcoin Cash Price Analysis
cash price formed a decent support near the $120 level against the US Dollar. The BCH/USD pair started a fresh upward move and it recently broke the $124 and $125 resistance levels. The pair is now above the $128 level and it seems like it could soon test the $130 level.
Above $130, the next key resistance is near the $135 level, where sellers might appear. On the downside, the previous resistance near the $125 level may act as a support if there is a downside correction.
EOS, Tron (TRX) and ADA Price Analysis
price traded with a lot of in the past few days above the $2.55 resistance. The price recently broke the $2.80 and $2.85 resistance levels to move into a bullish zone. It seems like the price might continue to move higher above the $3.00 resistance. On the downside, an initial support is at $2.90, below which the price could test the $2.85 level.
price settled below the $0.0255 support this past week, with a few bearish moves. TRX price is currently consolidating above the $0.0240 support, but it is facing a strong resistance near the $0.0250 and $0.0255 levels.
price is up more than 4% and it settled above the $0.0400 resistance level. ADA price recently broke the $0.0420 resistance, opening the doors for more gains. If buyers remain in action, there are chances of a push towards the $0.0450 resistance in the near term.
Looking at the total market cap hourly , there was a decent support formed near the $115.0B and $116.0B levels. The market cap started a strong upward move and broke the $118.0B and $120.0B resistance levels. It traded close to the $124.0B level and it is currently consolidating gains. It seems like there could be a minor dip, but the $120.0B level is likely to act as a strong support. Therefore, if there is a downside correction, , ETH, XRP, , cash, , , , and other could find buyers.
Published at Mon, 18 Feb 2019 11:03:07 +0000
