- The total crypto market cap is likely setting up for more upsides above the $180.0B and $185.0B levels.
- bitcoin cash price is trading nicely above the $300 level and it may accelerate above $325 and $340.
- EOS price is currently consolidating above $5.50 and it could soon revisit the $6.00 level.
- Stellar (XLM) price is up more than 5% and it may rise towards the $0.1400 level this week.
- Tron (TRX) is also up around 5% and it is likely setting up for a break above the $0.0300 resistance.
The crypto market cap seems to be aligning for a sharp upward move, with gains in bitcoin () and (ETH). , Stellar (XLM), BCH, EOS, ripple and tron (TRX) are likely to gain bullish momentum.
bitcoin Cash Price Analysis
bitcoin cash price remained in a positive zone and traded higher after correcting towards the $275 support against the US Dollar. The BCH/USD pair climbed above the $300 level once again and it is currently trading nicely above the $310 level.
On the upside, an immediate resistance is near the $325 level, above which the price is likely to grind higher towards the $340 and $350 resistance levels.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price corrected lower and tested the $5.00 level, where buyers emerged. The price bounced back above the $5.30 and $5.40 resistance levels. Buyers even pushed the price above the $5.50 level to open the doors for a fresh increase towards the $6.00 hurdle.
Stellar price is trading nicely above the $0.1250 and $0.1300 resistance levels. XLM gained more than 5% today and it is trading nicely above the $0.1320 level. The next major resistance is near the $0.1400 level, where sellers are likely to take a stand.
Tron price is slowly above the $0.0250 level. TRX recently broke the $0.0275 resistance and it is currently up around 5%. The next major resistance is near the $0.0300 level, above which the price is likely to surge sharply towards $0.0325 or $0.0350.
Looking at the total cryptocurrency market cap hourly , there was a fresh increase after a test of the $158.0B support level. The market cap broke the $168.0B resistance and it seems to be approaching the $178.0B and $180.0B resistance levels. A clear close above the $180.0B level is likely to open the doors for more upsides. The next major target could be $200.0B in the coming days. On the downside, there are many supports near the $172.0B and $170.0B levels. Overall, there could be more gains in bitcoin, , EOS, ripple, ETC LTC, bitcoin cash, XLM, TRX, ICX, ONT, and other altcoins in the near term.
Published at Mon, 08 Apr 2019 06:00:39 +0000
